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14.10.2011 NSI population and housing census data: Number of homes in Bulgaria increased by 5.4% in the last decade

Polina Stoykova, Chief Operations Manager of BULGARIAN PROPERTIES

At the beginning of the last quarter the Bulgarian National Statistical Institute (NSI) published the final data of the population and housing census that took place in early 2011. This is an overview of the data showing the interrelations between the demographic trends, the real estate market and the quality of the housing stock.

The main highlights of the analysis of the data are as follows:
- population decline in Bulgaria
- increase in the housing stock
- improvement in the quality of the properties and the public utility access in the homes
- the property market is returning to the fundamental demographic factors

Population and housing stock

According to census data the population in Bulgaria has declined by 7% and the number of homes in the country has increased by 5.4% compared to the 2001 census – from 3,688,802 homes in 2001 to 3,887,076 in 2011. Even here there is a discrepancy between the demographic trends and the property market. Still, it has to be noted that the increase in the housing stock is relatively small against the property boom of the last decade and the increase reported in previous censuses (for example, in the 1990s the number of homes increased by 20%). The biggest increase in the number of homes for the period 2001-2011 is in the regions of Bourgas and Varna. This is due to the dynamic construction in the cities themselves and to the construction on a mass scale of holiday homes in the resorts in these regions.

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Copyright: 2011 Bulgarian Properties Ltd. All rights reserved. For further information or advice please contact us on tel.: +359 2 9 11 50 or e-mail: info@bulgarianproperties.com. The use of this article by third parties is allowed only with proper quotations of the source www.BulgarianProperties.com and the Author of the article. The data in this material has been collected by the Author and Bulgarian Properties Ltd. and is presented for information purposes only. We have made every effort to ensure the accuracy of the data. However, Bulgarian Properties Ltd. cannot be held responsible for loss or damage as a result of decisions made based on the information presented in this article.
© Bulgarian Properties Ltd. 2011.

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