Construction in Bulgaria 'on the road to recovery'

The number of construction permits issued in Bulgaria increased in the second quarter of 2010, compared to the first three months of the year, according to figures from the National Statistics Institute.

In news which may interest those looking for property in Burgas or homes for sale in Blagoevgrad, the data highlights that 1,441 residential permits were issued between April and June 2010 for a total of 3,933 apartments, reports the Novinite.

This represents increases of 46 per cent and 41 per cent respectively, compared with January to March 2010. However, it marked drops of 21 per cent and 13 per cent year-on-year.
In particular, construction is picking up in the Varna region, where 176 permits were issued, followed by city of Sofia, the Burgas region, the Plovdiv region and the Sofia region.

The highest number of residential units will be built in Varna, followed by Blagoevgrad, Sofia and Plovdiv.

Earlier this month, data from the National Statistical Institute highlighted that house prices fell during the second quarter of 2010 by an average of 0.8 per cent.
 

Like this? Then share with your friends and colleagues!