50% Of Construction Workers In Burgas Laid Off

The mass lay-offs in construction firms in the Burgas region, which already started, will reach up to 50% of all personnel.The economic crisis, which hit the construction business the hardest, is forcing entrepreneurs to optimize their human resources constantly, in order to survive.According to the calculations of experts, the employed in this industry will decrease by 50% by the end of the year.The lack of orders, the decreased crediting and the general stagnation on the market literally kill construction companies.For sure, smaller and not competitive firms will not survive the crisis. Only those firms that have a diverse portfolio of activities and work on infrastructure sites with municipalities, the state and on EU projects have a chance to survive.At the same time the turnover of the real estate agencies has decreased 4 times compared to the same period (November-January) of last year. At the moment demand is almost non-existent, while supply is plenty.Experts' expectations are that prices will continue to drop in the entire year and there will be many additional bonuses and extras when purchasing real estate.