Invest in Bulgaria - The Preferred Partner of Investors Seeking Opportunities in Bulgaria
Follow:
GUGUSHEV & PARTNERS is among the leaders on the Bulgarian legal market Comprehensive Organization of MBA and EMBA Study Trips in Bulgaria
NEWS BY TOPIC
FDI in Bulgaria (13)
Health (4)
Macroeconomic Data (49)
Business (361)
Investments (155)
Infrastructure (97)
Financial (126)
Economy (350)
Construction (14)
Politics (62)
Real Estate (27)
Interesting Facts (24)
Sports (10)
NEWS BY SECTOR
Software and Information Technology (28)
Real Estate (56)
Tourism (112)
Waste Management (9)
Automotive (23)
Electronics (3)
General (81)
Renewable Energy (66)
Agriculture (22)
Construction (90)
Food and Beverage (20)
Textile (2)

Bulgaria Ranked 1st in Europe by Low Construction Cost
BULGARIA RANKED 1ST IN EUROPE BY LOW CONSTRUCTION COST
Date: 27/08/2011
Source: novinite.com
Bulgaria Ranked 1st in Europe by Low Construction Cost

Building construction in Bulgaria is the cheapest in Europe, according to a comparative analysis of the EC Harris company, specializing in construction consulting.

The Bulgarian Trud (Labor) daily writes Saturday, citing the analysis, that expenses for construction in Bulgaria are anywhere between 38% and 66% from those in Southeastern UK, which was used as basis.

The study takes into account the price of construction material and labor expenses. Values in Bulgaria vary since buildings are divided in 44 categories, such as offices, stores, logistics facilities, hotels, residencies etc.

Globally, Bulgaria is also among the countries with the cheapest construction in the world. From all 56 countries, subject to the study, only some African ones such as Ghana, Morocco, and Tunisia, and some Asian – China, Indonesia, Malaysia, the Philippines and Vietnam, have expenses lower than the ones in Bulgaria.

The top three by the lowest construction cost are Taiwan, India and Shri Lanka where one building can end up being 4 times cheaper than one in Southeastern UK.

Labor in the sector is the cheapest in Pakistan and India.

Construction is the most expensive in Switzerland.

Cost depends a lot on the prices of steel, copper, and oil.

Experts say the fact Bulgaria is in the bottom in the Old Continent by construction cost does not have such importance for investors as qualified labor and good infrastructure.

Investments in shopping malls depend on the purchasing power of the population while for office buildings the most important factors are the overall state of the economy and the ratio between supply and demand.


Topic: Real Estate



Featured District
PERNIK DISTRICT AND CITY INFORMATIONPernik
Invest Bulgaria Charts
FDI to Current Account Deficit of Bulgaria
FDI to Current Account Deficit of Bulgaria

See all charts
Did You Know?
Bansko
Bansko
The Bulgarian winter resort of Bansko has become on of the hottest skiing destination in Europe ... More

Plovdiv is one of the oldest cities in Europe, the city is contemporary of Troy. Homer, Herodotes and other ancient authors describe the life, traditions and the rich culture of the Tracians, who are the oldest population on the Balkan Peninsula.

Intelligence Pathways - Outsource your Business, Competitive Intelligence or Back Office to Bulgaria

Bulgaria Translation - Full service Bulgarian Translation company

© Copyright 2004-2019 Invest Bulgaria Group Ltd, Sofia, Bulgaria. All rights reserved.

 
Please read Conditions of Use, Copyright Statement and Privacy Policy for this web page and web site.


Bulgaria Translation Bulgarian Agriculture Bulgarian Textile BestFlowers.bg Sofia Web Works Bulgarian Coins Intelligence Pathways Bulgarian Outsourcing

Crafted by Sofia Web Works. Maintained by Website Maintenance, the kings of Website Migration.


Our Featured Members