Tue, May 22 2012

Bulgarian construction sector marks an increase in Q2 2010 - report

Tue, Aug 24 2010 10:30 CET

byThe Sofia Echo staff

2900 Views
Bulgarian construction sector marks an increase in Q2 2010 - report

Photo: Reuters

A serious rise in the Bulgaria's construction sector was recorded in the second quarter of 2010, compared to the preceding three months, the National Statistics Institute announced on August 23 2010.

Data reveals that construction permits increased by 46 per cent, while actual construction soared by about 70 per cent. Despite this trend, on an annual basis this still represents a 21 per cent decline, the report said.

Sofia, Varna, Plovdiv and Bourgas are the four cities with the most active ongoing construction projects at the moment, the report said.

In total, 1441 real estate buildings were authorised for construction in the second quarter, with 3933 units in total, encompassing about 509 000 sq m in area, or a 46 per cent rise in quarterly terms. This is still 21.3 per cent lower than Q2 for 2009.

Varna leads the charts with 176 new buildings authorised for construction, followed by Sofia with 166, Bourgas with 135 and Plovdiv with 121, the report said.

Office buildings also marked an increase in Q2 of 2010, with 58 new sites constructed, embracing 36 697 sq m of built up area, or 18.4 per cent on quarterly basis, and a decline of 26.6 per cent on annual basis, the report said.

  • Print
  • Send via email
  • Translate to
  • Share:

To post comments, please, Login or Register.


Please read the The Sofia Echo forum comments policy.

Sofia home prices level off after lengthy slide

The average selling price for Sofia homes was 840 euro a sq m in the third quarter.

Illegal luxury buildings will be demolished or confiscated, Bulgarian PM says

Ivailovgrad complex reportedly built by customs officers targeted, while tax authorities say they will continue aerial surveillance of luxury housing.

New home construction in Bulgaria down by a third

The largest number of residential buildings were in Varna, on the northern Black Sea coast (116 buildings) and Bourgas, on the southern Black Sea coast (101 buildings).

A red disaster

Another arduous campaign for CSKA Sofia in the making

600 million euro for municipal sewage finally heads for Bulgaria

The financing will be utilised to cover a major portion of the most urgent needs of Bulgaria’s aging water infrastructure and bring it in line with European standards.

EVN at fault for Bulgaria's seaside power cuts - regulator

At the invitation of Bourgas Regional Governor Konstantin Greberanov, Dyankov, National Electric Company Executive Director Krassimir Purvanov and Jörg Sollfelner, Regional Manager of EVN Bulgaria were to meet in Bourgas on August 20 to discuss electricity supply problems along the Black Sea coast.

More in this category

Bulgaria's real estate market stabilising - realtors

Worst is over for Bulgaria's property market after three years of decline, reports by Yavlena and Bulgarian Properties real estate firms claim.

Bulgaria plans bill to weed out rogue real estate agents

Draft law envisages professional association for real estate agents and a public register of real estate companies to bring order to the business and get rid of rogues and rip-off artists.

Landmark Centre Varna to be offered for sale on March 21

Landmark Centre Varna’s financial reports show its largest debt is an investment loan of 6.9 million euro issued by Eurobank EFG Bulgaria in mid-2008 and secured with a mortgage.

Raiffeisen Real Estate: Prices of Sofia homes returned to 2007 levels

Average market prices of homes in Sofia fell by one per cent in the fourth quarter of 2011 compared to the same period of 2010, according to the Raiffeisen Real Estate Index, as quoted by Klasa daily.

Most property sales in Bulgaria were people wanting to escape their investment – report

Proportionately, the number of transactions in leva increased as people reacted to speculation that the euro would disappear.

© 2000-2012, Sofia Echo Media Ltd.

Web Design by RIZN

Sofia Echo Media is part of the Economedia Group.
The news and information content on this website is provided by our editorial team and is copyrighted. Any unauthorised reproduction or use of it is strictly forbidden. Reproduction of this website's content is permitted only with prior written permission from the Editor-in-Chief, should be propertly acredited and provide an active link back to our site. Comments posted by the website's visitors are independent of the editorial materials and do not represent the views of sofiaecho.com. Sofia Echo Media cannot be held responsible for the statements contained in visitor comments. The percentаge change in the shares' prices are based on the price of the last transaction of the current session compared to the price of the last transaction of the previous session. Bulgarian Stock Exchange data is not real-time, but updated every 15 minutes, and should not be used as a basis for decisions about buying or selling stock options.