Permits for 1,477 Residential Buildings Issued in Bulgaria for Last Quarter of 2018
In the last quarter of 2018, the authorities issued building permits for 1,477 residential buildings with 11,682 dwellings and a total area of 1,457,570 sq m, as well as for 33 office buildings of 224,417 sq m and 1,319 other buildings of 780,957 sq m, the National Statistical Institute (NSI) said.
Compared to the same quarter of 2017, the building permits for residential buildings increased by 14%, and the number of dwellings and the area grew by 59.4% and 61.1%, respectively. The permits for new offices went up by 10%, with a six-fold surge in the respective area. For other buildings, the permits rose by 16.7% and the area – by 13%.
Most dwellings are to be built in the Sofia city (5,290), Varna (1,923), Plovdiv (1,263), Burgas (1,113) and Stara Zagora (616).
The construction of 935 residential buildings with 5,881 dwellings and a total area of 757,784 sq m began in the last quarter of 2018, along with 11 office buildings of 9,715 sq m and 624 other buildings of 586,459 sq m. Compared to a year earlier, an increase was observed in the residential segment and other buildings, while the number and area of office buildings that entered construction recorded a decrease.
View our new build residential developments in Sofia
Check the variety of properties in the popular beach resorts
Choose your new home in the sea capital Varna
Comfortable mountain apartments in the popular ski resorts in Bulgaria
Choose your new home in the lovely Bulgarian countryside
Read more news
The new season has begun and we look forward to seeing you at our offices around the country to fulfill all your real estate dreams and to help you buy, sell or rent property easily and securely, with the highest protection of your interests!
Let's see who our AGENTS OF SEPTEMBER are that we recommend with two hands!
All of them deserv...
Bulgaria Air starts offering flights to some of the most exotic destinations in the world. The Bulgarian airline has signed an agreement with the German airline Condor, part of the Thomas Cook Group, allowing passengers from Sofia, Varna and Burgas to travel to exotics such as the Caribbean, Seychelles, Mauritius, Maldives and dozens of destinations in Malaysia, with convenient connections via Fra...
Whether because of the summer heat or the favorable conditions for mountain tourism, the number of foreigners who chose to spend their summer vacations in Bulgarian mountains is on the rise. A popular place is the mountain town of Elena, which attracts with its tranquility and authentic Bulgarian houses that have preserved the spirit of the National Revival period. Along with the Bulgarian tourist...
We are always happy when we receive feedback from our clients and they share their personal experience of acquiring real estate and living in Bulgaria! Marat shares his story of purchasing an apartment in Sunny Beach, check out his tips.
The Tarsis Complex (Tarsis Club & SPA, Sunny Beach, Bulgaria) was originally planned, designed and built as a club-type resort for cosy and comfort...