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Bulgaria Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis to 2029 (H2 2025)

Publisher GlobalData
Published Aug 11, 2025
Length 52 Pages
SKU # GBDT20394311

Description

Bulgaria Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis to 2029 (H2 2025)

Summary

The construction industry in Bulgaria is expected to grow in real terms by 3.9% in 2025, supported by investments in transport and energy projects, coupled with a rise in the total value of loans awarded for the construction industry, and an increase in net inflow of foreign direct investment (FDI) into the country. According to the National Statistical Institute (NSI), the construction value-add grew by 6% YoY in Q1 2025, preceded by YoY growth of 12.5% in Q4 and 6.4% in Q3 2024.

Over the remainder of the forecast period, the construction industry in Bulgaria is expected to register an annual average growth of 3.7% between 2026 and 2029, supported by private and public investments in transport, renewable energy, and industrial sectors. Growth will also be driven by the government’s ‘’Transport Connectivity Program 2021-2027, which is a major EU-funded initiative with an investment of BGN3.9 billion ($2.2 billion), to improve the country's transport infrastructure.

GlobalData’s Construction in Bulgaria- Key Trends and Opportunities to 2029 (H2 2025) report provides detailed market analysis, information, and insights into the Bulgarian construction industry, including -
  • The Bulgarian construction industry's growth prospects by market, project type and construction activity
  • Critical insight into the impact of industry trends and issues, as well as an analysis of key risks and opportunities in the Bulgarian construction industry
  • Analysis of the mega-project pipeline, focusing on development stages and participants, in addition to listings of major projects in the pipeline.
Scope

This report provides a comprehensive analysis of the construction industry in Bulgaria. It provides -
  • Historical (2020-2024) and forecast (2025-2029) valuations of the construction industry in Bulgaria, featuring details of key growth drivers.
  • Segmentation by sector (commercial, industrial, infrastructure, energy and utilities, institutional and residential) and by sub-sector
  • Analysis of the mega-project pipeline, including breakdowns by development stage across all sectors, and projected spending on projects in the existing pipeline.
  • Listings of major projects, in addition to details of leading contractors and consultants
Reasons to Buy
  • Identify and evaluate market opportunities using our standardized valuation and forecasting methodologies
  • Assess market growth potential at a micro-level with over 600 time-series data forecasts
  • Understand the latest industry and market trends
  • Formulate and validate business strategies using GlobalData's critical and actionable insight
  • Assess business risks, including cost, regulatory and competitive pressures
  • Evaluate competitive risk and success factors

Table of Contents

52 Pages
1 Executive Summary
2 Construction Industry: At-a-Glance
3 Context
3.1 Economic Performance
3.2 Political Environment and Policy
3.3 Demographics
3.4 Risk Profile
4 Construction Outlook
4.1 All Construction
Outlook
Latest news and developments
Construction Projects Momentum Index
4.2 Commercial Construction
Outlook
Project analytics
Latest news and developments
4.3 Industrial Construction
Outlook
Project analytics
Latest news and developments
4.4 Infrastructure Construction
Outlook
Project analytics
Latest news and developments
4.5 Energy and Utilities Construction
Outlook
Project analytics
Latest news and developments
4.6 Institutional Construction
Outlook
Project analytics
Latest news and developments
4.7 Residential Construction
Outlook
Project analytics
Latest news and developments
5 Key Industry Participants
5.1 Contractors
5.2 Consultants
6 Construction Market Data
7 Appendix
7.1 What is this Report About?
7.2 Definitions
7.3 CRI Methodology
8 About GlobalData
9 Contact Us
List of Tables
Table 1: Construction Industry Key Data
Table 2: Bulgaria, Key Economic Indicators
Table 3: Bulgaria, Commercial Construction Output by Project Type (Real % Change), 2020–29
Table 4: Bulgaria, Top Commercial Construction Projects by Value
Table 5: Bulgaria, Industrial Construction Output by Project Type (Real % Change), 2020–29
Table 6: Bulgaria, Top Industrial Construction Projects by Value
Table 7: Bulgaria, Infrastructure Construction Output by Project Type (Real % Change), 2020-29
Table 8: Bulgaria, Top Infrastructure Construction Projects by Value
Table 9: Bulgaria, Energy and Utilities Construction Output by Project Type (Real % Change), 2020-29
Table 10: Bulgaria, Top Energy and Utilities Construction Projects by Value
Table 11: Bulgaria, Institutional Construction Output by Project Type (Real % Change), 2020-29
Table 12: Bulgaria, Top Institutional Construction Projects by Value
Table 13: Bulgaria, Residential Construction Output by Project Type (Real % Change), 2020-29
Table 14: Bulgaria, Top Residential Construction Projects by Value
Table 15: Bulgaria, Key Contractors
Table 16: Bulgaria, Key Consultants
Table 17: Bulgaria, Construction Output Value (Real, $ Million)
Table 18: Bulgaria, Construction Output Value (Nominal, BGN Million)
Table 19: GlobalData Construction Market Definitions
Table 20: Risk Dimensions
Table 21: Ratings, Scores and Definitions
List of Figures
Figure 1: Eastern Europe, Construction Output (Real % Change), 2023–29
Figure 2: Bulgaria, Construction Output by Sector (Real % Change), 2023–25 and 2026–29
Figure 3: Bulgaria, Risk Summary
Figure 4: Bulgaria, Risk Regional Comparison
Figure 5: Bulgaria, Construction Output Value (Real, $ Million, 2022 Prices and Exchange Rate), 2020–29
Figure 6: Bulgaria, Construction Output Value, by Sector (Real, $ Million), 2020–29
Figure 7: Bulgaria, Construction Value-add (BGN Million, 2020 Prices)
Figure 8: Bulgaria, Construction Production Index (Unadjusted, 2021=100)
Figure 9: Bulgaria, Gross Fixed Capital Formation in Construction (BGN Million, 2020 Chain Linked Volumes)
Figure 10: Bulgaria, Net Foreign Direct Investment Flow by Investment Type (EUR Million)
Figure 11: Bulgaria, Loans Awarded to the Construction Industry (BGN Million)
Figure 12: Bulgaria, Building Permits Issued for Construction of New Buildings (Gross Building Area – in 1,000m2)
Figure 13: Bulgaria, Construction of New Buildings Started (Gross Building Area – in 1,000m2)
Figure 14: Bulgaria, Total Number of Employed persons in the Construction Industry (In Thousands)
Figure 15: Bulgaria, Construction Labor Cost Index, 2020=100
Figure 16: Bulgaria, Number of Declarations of bankruptcies
Figure 17: Bulgaria, Construction Projects Momentum Index
Figure 18: Eastern Europe, Construction Projects Momentum Index
Figure 19: Bulgaria, Commercial Construction Output by Project Type (Real, $ Million), 2020–29
Figure 20: Bulgaria, Commercial Construction Projects Pipeline, Value by Stage ($ Million)
Figure 21: Bulgaria, Wholesale and Retail Trade Value-add (BGN Million, 2020 Prices)
Figure 22: Bulgaria, Overnight Stays (In Number, Thousands)
Figure 23: Bulgaria, Industrial Construction Output by Project Type (Real, $ Million), 2020–29
Figure 24: Bulgaria, Industrial Construction Projects Pipeline, Value by Stage ($ Million)
Figure 25: Bulgaria, Industrial Production Index (Unadjusted, 2021=100)
Figure 26: Bulgaria, Total Exports (BGN Billion)
Figure 27: Bulgaria, Infrastructure Construction Output by Project Type (Real, $ Million), 2020-29
Figure 28: Bulgaria, Infrastructure Construction Projects Pipeline, Value by Stage ($ Million)
Figure 29: Bulgaria, Energy and Utilities Construction Output by Project Type (Real, $ Million), 2020-29
Figure 30: Bulgaria, Energy and Utilities Construction Projects Pipeline, Value by Stage ($ Million)
Figure 31: Bulgaria, Institutional Construction Output by Project Type (Real, $ Million), 2020-29
Figure 32: Bulgaria, Institutional Construction Projects Pipeline, Value by Stage ($ Million)
Figure 33: Bulgaria, Administrative Building Permits (Gross Building Area – in 1,000m2)
Figure 34: Bulgaria, Construction of New Administrative Buildings (Gross Building Area – in 1,000m2)
Figure 35: Bulgaria, Residential Construction Output by Project Type (Real, $ Million), 2020-29
Figure 36: Bulgaria, Residential Construction Projects Pipeline, Value by Stage ($ Million)
Figure 37: Bulgaria, Real Estate Activities Value-add (BGN Million, 2020 Prices)
Figure 38: Bulgaria, Gross Fixed Capital Formation in Dwellings (BGN Million, 2020 Chain Linked Volumes)
Figure 39: Bulgaria, Residential Building Permits Issued (Gross Building Area – in 1,000m2)
Figure 40: Bulgaria, Construction of New Residential Buildings Started (Gross Building Area – in 1,000m2)
Figure 41: Bulgaria, Loans for the Real Estate Sector (BGN Million)
Figure 42: Bulgaria, House Price Index (2015=100)
Figure 43: Bulgaria, House Sales Index of value of transactions, % (corresponding quarter=100)
Figure 44: Bulgaria, Headquarters of Key Contractors (% of Total Project Pipeline)
Figure 45: Bulgaria, Headquarters of Key Consultants (% of Total Project Pipeline)

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