Bulgaria building permits down by 70% Q3 2009
22 February 2010
Bulgaria’s construction sector is hardly coming out of the doldrums; residential building permits dove by 45 per cent year-on-year in the third quarter, with homes plummeting by 69.9 per cent, show figures by the National Statistical Institute (NSI).
Permits for construction of administrative buildings tumbled by 37% between October and December from the corresponding quarter of 2009.
The 1,343 housing properties green lighted in the review period should accommodate more than 3,900 apartments with a floor space of more than 513,000 square metres. The largest numbers of permits - 155 - were issued in Bourgas region, on the southern Black Sea coast. The runner-up was Sofia City with 150 and the second largest city of Plovdiv with 143. But the capital will see the most number of new flats - 773, followed by Varna, on the northern Black Sea coast, with 604.
A total of 63 permits for administrative buildings were issued between October and December. They should cover some 29,000 sq m, the bulk of them scattered in Blagoevgrad, where 11 buildings should spring up on more than 2,700 sq m. Administrative building instruction is picking up pace in Dobrich, which plans to add eight new properties with a floor space of nearly 4,000 sq m.
Floor space has contracted in annual terms in both housing and administrative building construction, by 70.5 per cent and by 73.9 per cent, respectively.
Source: Balkan Insight
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