Bulgarian residential construction market to grow up to 5% in 2014

In 2013 Sofia continued to lose its status as the country's major building hub, on the account of which the coastal cities of Varna and Burgas continue to record high numbers and should be expected to meet the level of the previous few years in both building and dwelling completions quite soon. It seems that the capital city is most affected by the oversupply from before the global economic crisis. This is why more than half of the current offer on the real estate market comprises dwellings completed during 1998-2012.

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