Bulgaria's Construction Sector Shows Signs of Improvement in Q2 2014

Business | August 1, 2014, Friday // 14:18
Bulgaria: Bulgaria's Construction Sector Shows Signs of Improvement in Q2 2014 Photo by BGNES.

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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Tags: construction sector, building permits, residential buildings, administrative buildings, other buildings
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