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Bulgaria's building permits decline in Q4 2010

Bulgaria's building permits decline in Q4 2010The number of residential and administrative building permits issued in Bulgaria continued to decrease in the last quarter of 2010, with only industrial permits registering a slight increase in built-up area on a quarterly basis, National Statistics Institute (NSI) data showed on Wednesday.

Local authorities granted 1,152 housing permits between October and December 2010, down 12.1% against the previous quarter and 14.2% year on year.

The greenlighted housing properties are seen to accommodate 2,705 apartments with a combined floor space of 377,727 sq m.
Most of the permits for new homes were issued in the cities of Bourgas, Sofia and Varna.

Administrative permits dropped by 7.1% in quarterly terms and by 17.5% on the year to 52 in the period. The buildings will cover 30 940 sq m of built-up area, down by 7.1% compared with the previous quarter.

The number of permits for projects categorised as "other buildings" fell 8.7% to 1,108 compared with the previous three months, but their gross area climbed 3.2% to 609, 019 sq m.

24 February 2011 - Dnevnik

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