Over 5,300 new homes hit the market, but construction business is becoming more cautious
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Over 5,300 new homes are coming onto the market in Bulgaria. Despite this, the construction business is becoming more cautious. The news is linked to data on residential construction in the country.
Newly built houses account for the largest share. They represent 76.8% of the residential buildings that have been put into operation. Residential cooperatives come second with 16.2%. These data show that single-family houses are the most commonly built type in construction.
Construction companies are becoming more careful when planning new projects. According to the information, caution is characteristic of the sector at the moment. This means that builders carefully assess new investments and the development of residential projects.
For buyers and tenants, these changes are important because they show how the real estate market is developing. New homes may offer more options to choose from, but the construction sector remains cautious.
Sources: Forbes Bulgaria
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