Bulgaria's Construction Sector Shows Signs of Improvement in Q2 2014
In Q2 compared to Q1 2014, the construction sector has recorded a significant increase of issued building permits for residential, administrative and other buildings.
In the second quarter of 2014, Bulgaria's municipalities have issued building permits for the construction of 1121 residential buildings with 3 462 dwellings and 461241 sq. m gross building area, of 47 administrative buildings/offices with 34 354sq. m gross building area and 1172 other buildings with 395 324sq. m gross building area, the National Statistical Institute reports.
As compared to the previous quarter the building permits for residential buildings increased by 10.4%, their dwellings-by 2.1%, while the gross building area fell by 1.0%. The issued building permits of administrative buildings increased by 6.8% and their gross building area-by 46.1%. The number of issued building permits of other buildings rose by 27.8%, while their gross building area fell by 15.2%.
As compared to the second quarter of 2013 the issued building permits for new residential buildings decreased by 2.6%, but the number of dwellings rose by 16.0% and the gross building area-by 16.8%. The issued building permits of administrative buildings increased by 46.9% and their gross building area-by 44.7%.
The highest number of building permits for new residential buildings has been issued in the following districts: Plovdiv-137, Burgas-130, Sofia city -118, Varna-99 and Sofia-65. Most dwellings are to be built in the districts: Sofia city-1 100, Burgas-480, Plovdiv-407, Varna-291 and Kardzhali-124.
In the second quarter of 2014 began the construction of 812 residential buildings with 2234 dwellings and 318 656 sq.m gross building area, of 24 administrative buildings/offices with 17151 sq.m gross building area and 574 other buildings with 222521sq. m gross building area. As compared to the previous quarter the number of residential buildings under construction increased by 61.1%, the number of their dwellings-by 38.2% and the gross building area-by 40.6%. The number of administrative buildings under construction fell by 20.0%, but their gross building area increased by 73.5%. The number of other buildings under construction rose by 28.7%, while their gross building area decreased by 14.2%.
As compared to the second quarter of 2013 the new residential buildings under construction increased by 22.1%, of their dwellings-by 29.2% and of the gross building area-by 37.6%. The number of administrative buildings under construction did not change, but the number of other buildings marked an increase of 11.0%, while their gross building area respectively dropped by 30.5% and by 18.6%.
The highest number of the construction of new buildings were started in the following districts: Burgas-197 residential buildings and 48 other buildings; Plovdiv-86 residential buildings, 4 administrative buildings and 50 other buildings; Varna-96 residential buildings, 4 administrative buildings and 36 other buildings; Stara Zagora-56 residential buildings and 35 other buildings; Sofia city -49 residential buildings, 4 administrative buildings and 43 other buildings.
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Why the hate man? I thought you and I had had civil conversations in the past even if we didn't agree on much and I personally thought your views on emerging markets and especially Russia were very much mistaken. I also happen to disagree with much of the pro-Russia propaganda you like to promote on this forum, but hey, I understand everybody has to make a living somehow.
No hurt feelings from my part George, but accusing people without fundamentals or evidence is not acting in a reasonable or fair manner.
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I don't see any difference between the two Georges, both write the same nonsense, both talk crap and empty bs about emerging markets who are not performing above developed countries and both Georges also lick Russia's anus up to the sphincter.
The only difference is that Y George at least puts I George in perspective and demonstrates that what the low life Stara Zagora monkey says is pure nonsense and highly ungrateful behaviour to his adopted homeland of Canada.
Go back home to your gypsy ghetto in SZ and leave us the FUCK ALONE!!
The real name is Zheliazkov and NOT ZhelYazkov!
Way to stupid simple and pitiful smearing campaigns!
Listen seedy, Rusophobe, Agent tibidu/picadily or whatever piece of crap you are...
Not only the future but also the present belongs to the emerging markets!
There is a new world order and the wealth is shifting towards the billions of consumers in the highly competitive and relatively well educated emerging markets! Russia also is there to stay and prosper like it or not!
BTW leave Hamilton alone, it's the best city for investment in Canada!
Listen Novinite these numbers are completely misleading because they point out only that construction has revived because our Russian brothers are buying houses in the Black Sea coast. You see Bulgarians, these silly conflicts between Russia and the EU only hurt Bulgaria when Bulgaria needs our brothers more than ever.
The Russians are soft and warm people. Just because they don't smile and wear Hawaiian style shirts from the 1970s and a lot of gold it doesn't mean we're not the same people. Who cares if Russia wants to control Europe? The truth is the EU needs to be controlled by someone, and we have three options, the Americans, the Russians or the Arabs. Who wants the Americans here?
I say constantly that Bulgaria needs to open its doors to emerging markets. Rich Arabs, Rich Chinese, Rich Indians, why would they buy a home in the Caribbean, Florida, Spain or Italy when you have places like Aheloy and Byala?
In emerging market cities like Beijing, Shanghai, Mumbai, Sao Paulo, and Hamilton you see a lot people talking about Bulgaria. A gook from Vietnam told me the other day: "In Bulgalia you have lot opoltunity"
Everybody can see that opportunity except us Bulgarians. Now get your lazy asses up and start trading with emerging markets and making money and start listening to me, the Oracle of Hamilton.