Bulgaria reports growing number of newly built houses

10
May
2023
News - Bulgaria reports growing number of newly built houses #Bulgaria #residential market #SEE #Sofia #statistics

by Property Forum | Residential

According to preliminary data from the National Statistical Institute, the number of newly built residential buildings in the first quarter of 2023 was 1 289, and the number of newly built dwellings was 4,427.


Of the newly built residential buildings put into operation in the first quarter of 2023, reinforced concrete structures were 77.9 percent, brick - 19.6 percent, with another material - 2.2 percent, and panel - 0.3 percent. The largest share of newly built buildings is houses (81%), followed by housing cooperatives (12.9%).

Compared to the first quarter of 2022, there is an increase in the number of newly built houses, while the number of residential cooperatives and mixed-type buildings decreased.

Most of the new residential buildings are in the districts of Sofia (capital city) - 228 buildings with 1 430 dwellings, Plovdiv - 175 buildings with 396 units, and Burgas - 141 buildings with 525 homes in them.

The highest share of newly built homes is two rooms (36.1 percent), followed by those with three rooms (31.5 percent), and the lowest is the share of homes, consisting of five rooms - 5.4 percent.




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New leases

  • Golden Star Estate has secured two ground-floor tenants at its Warsaw-based Konstruktorska Business Center. 5 SENSES has signed as the new canteen operator, occupying 560 sqm of ground-floor retail space. Concurrently, CONTRACT Meble Biurowe has extended its commitment to the property. The firm, which has operated a publicly accessible showroom at the site since 2021, renewed its lease for 350 sqm on the ground floor.
  • American retailer GAP entered the Romanian market at Fashion House Militari, followed by the launch of an Italian Stefanel store at Fashion House Pallady, with a further Stefanel location scheduled to open shortly in Militari.
  • Primark will launch its first retail location in Craiova in early June. The 3,185 sqm store will be situated within ElectroPutere Mall and marks the retailer’s fifth unit in Romania.

New appointments

  • Avison Young has strengthened its Polish leadership with three senior promotions. Patryk Błach ascends to Associate Director within the Investment Advisory Department. Kamil Głowienka has been named Senior Project Manager. Furthermore, Katarzyna Uzar becomes a Valuation and Innovation Specialist, tasked with integrating technological solutions and coordinating global departmental projects.
  • Katarzyna Myjak has joined Axi Immo as Senior Business Advisory Manager, tasked with strengthening the company’s Industrial & Logistics business line.
  • Czech investment group SCF has expanded its team by appointing Jan Simandl as Senior Leasing Team Leader. In this role, Simandl will oversee leasing activities across the company’s commercial property portfolio. He previously worked for CPI Property Group and CBRE.


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