Bulgaria Residential Building Permits down 35% in 2009 3rd Quarter

Business » PROPERTIES | November 23, 2009, Monday // 13:03
Bulgaria Residential Building Permits down 35%: Bulgaria Residential Building Permits down 35% in 2009 3rd Quarter The demand for building permits in Bulgaria has gone down significantly on annual bassis, NSI data reveals. File Photo

The building permits issued by local administrations in Bulgaria during the third quarter of 2009 are down 35% year/year while the residential units inside those buildings are down 60%.

The data was released Monday by the National Statistics Institute (NSI). It further shows the administrative buildings are down 33,3%, while other buildings are reduced by 11,5%.

During the third quarter, local administrations have issued building permits for 1 783 buildings with 5 209 residential units inside them, 84 administrative buildings, and 1 289 other buildings.

Compared to the second quarter, the residential building permits are down 2,7%, but the units inside them are up 15,6%. The number of administrative buildings during the third quarter is up by 6,3% compared to the second one, while other buildings are up 11,1%.

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