Newly Built Homes in Bulgaria Increase 3.2% Y/Y in Q2 2016, Dwellings Up 15.6%

The number of completed housing projects in Bulgaria rose by 3.2% year-on-year in the second quarter of 2016, reaching 521, the country’s statistical office NSI announced on Monday.

The number of dwellings in newly built residential buildings increased by 15.6% on the year to a total of 2,248 for the period April-June 2016, the NSI said in a statement citing preliminary data.

Newly built dwellings with two rooms were 39.1% of the total in the second quarter of 2016, followed by dwellings with three rooms with a share of 27.9%.The number of dwellings with six and more rooms had the lowest share among newly built dwellings - 2.7%

Houses comprised 72.6% of all housing projects completed and ready for use in the second quarter of 2016,followed by blocks of flats with a share of 15.3%.

Plovdiv Region led in terms of the number of residential buildings completed in the second quarter (81) followed by Burgas (80) and Varna (79), the NSI said in a statement.

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