NSI Consumer Survey: More and more Bulgarians in Cities Are Considering Buying a Villa

In July 2019, the total consumer confidence indicator increases by 0.8 percentage points compared to its level 3 months ago, which is due entirely to the increased confidence among the urban population, the National Statistical Institute reported.

The consumers' total assessment of the development of the economic situation in the country over the last 12 months marks certain improvement - an increase of the balance indicator by 2.6 percentage points. At the same time, their forecasts over the next 12 months are more favourable in comparison with the previous survey.

As regards the financial situation of the households both the assessments and expectations of the urban population slightly improve, while the opinions of living in the villages are slightly more negative. The prevailing part of the consumers consider that over the last 12 months there has been slightly increase of the consumer prices, as their inflation expectations are preserved for the next 12 months.

Concerning the unemployment in the country, the forecasts are for certain reduction of personnel over the next 12 months, as according to the rural population, it is going to be with higher rate. In July, the majority of the consumers continue to assess the economic situation in the country as unfavourable for saving although their relative share decreases compared to 3 months ago. However, the last inquiry registers slightly more positive attitude of the urban population' intentions about making expenditures on major purchases of durable goods and 'buying or building a home (vila)' over the next 12 months.

The survey is a part of the harmonized program of European Union for business and consumer surveys and it is representative for the population of 16 years and older.

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