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Bulgaria – third place in estate construction in Europe

Submitted on Friday, 21 November 2008No Comment

According to Eurostat, Bulgaria ranks third in real estate construction rate in the European Union for September. Compared to the same month last year, the sector has grown by 17,7 %.

For the third quarter of 2008, compared to the same period in 2007, the growth of the estate construction sector is evaluated to be 13,5%.

The biggest estate construction growth rate happens in Romania. Compared to September 2007, the growth of the sector in Romania is 27 %. The second place belongs to Slovenia, with a growth of 19,4 %.

At the same time, the construction sector in Spain marks it’s biggest decrease since April. The estimate is 24,1% compared to the last September. The situation is Sweden is similar; the construction industry there shrunk by almost 20 % for a year.

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