PLANNING PERMISSIONS – DECREASE OF 12%
In total 2744 new planning permissions have been issued for new buildings in the last quarter of this year in Bulgaria according to the National Statistics Institute. This is an increase by 1.85% in comparison with the previous quarter but in comparison with the last year the decrease is of 11.7%. The number of the issued planning permission in the last quarter of 2007 was 3110.
Despite the recession, again the highest number of new planning permissions has been issued on the Black Sea coast – Varna takes the first place with 380 planning permissions and Burgas takes second place with 372. Sofia is only in third place with 287, while Plovdiv is close by in forth place with 274. Among smaller towns, significant construction projects have been planned in Blagoevgrad (174 planning permissions), Pazardjik (165), Dobrich (143) and Stara Zagora (104).
Logically the highest number of new apartments have been completed in Varna – 2397, while Sofia is in the second place with 1774 and the third place is again on the Black Sea coast – Burgas with 1730 (almost as much as Sofia).
The lowest number of planning permissions have been issued in Vratsa – only 7 – and Montana – 8 – which comes to prove that the trend of poor economic development in the North-West of the country has not changed.
Concerning the planning permissions for office buildings, the administrative centre of the country – Sofia – is the leader with 22, closely followed by Plovdiv with 18.
Category: Bulgaria, Property | Tags: Black Sea, Burgas property, last quarter, office buildings, planning permission, recession, Varna property Comment »