Raiffeisen Real estate - Poperty in Bulgaria, Bulgarian properties for sale and rent, apartment, house, land and plots

The 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, according to National Statistics Institute (NSI) data.

Municipal authorities granted 1152 housing permits between October and December 2010, down 12.1 per cent against the previous quarter and 14.2 per cent year-on-year.

The greenlighted housing properties are seen to accommodate 2705 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 per cent in quarterly terms and by 17.5 per cent on the year to 52. The buildings will cover 30 940 sq m of built-up area, down by 7.1 per cent compared with the previous quarter.

The number of permits for projects categorised as "other buildings" fell 8.7 per cent to 1108 compared with the previous three months, but their gross area climbed 3.2 per cent to 609 019 sq m.