Price Gap Widens Between New Builds and Panel Homes in Sofia
The price gap between newly constructed homes and panel buildings in Sofia has reached approximately 400 euros
In the third quarter of 2017, the municipal authorities issued building permits for construction of 1 526 residential buildings with 7 135 dwellings and 934 851 sq. m gross building area, of 28 administrative buildings/offices with 39 133 sq. m gross building area and 1 221 other buildings with 713 207 sq. m gross building area. As compared to the previous quarter the issued building permits for residential buildings decreased by 7.3%, while their dwellings rose by 22.7% and the gross building area - by 19.6%. In the issued building permits of administrative buildings and other buildings shown a decline by 30.0% and by 38.0% respectively, and the decrease in their gross building area was by 47.1% and 24.8%. This was stated by the National Statistical Institute (NSI).
As compared to the third quarter of 2016 the issued building permits for new residential buildings increased by 29.0%, their dwellings - by 44.5% and their gross building area - by 47.2%. The number of issued building permits of administrative buildings fell by 45.1% and their gross building area - by 58.7%. In the other buildings, number of issued building permits rose by 4.4% and their gross building area - by 0.4%.
The highest number of building permits for new residential buildings was issued in the following districts: Sofia (stolitsa) - 262, Plovdiv - 239, Varna - 154 and Sofia - 111. Most dwellings are to be built in the districts: Sofia (stolitsa) - 2 432, Plovdiv - 1 371, Varna - 751 and Burgas - 636.
In the third quarter of 2017 began the construction of 982 residential buildings with 3 409 dwellings and 451 460 sq. m gross building area, of 27 administrative buildings/offices with 30 658 sq. m gross building area and of 692 other buildings with 384 617 sq. m gross building area. As compared to the previous quarter the number of started residential buildings fell by 23.3%, the number of their dwellings - by 11.3% and their gross building area - by 14.2%.
The number of started administrative buildings increased by 8.0% and their gross building area - by 293.2%. The number of started other buildings decreased by 45.8% and their gross building area - by 51.8%. As compared to the third quarter of 2016 the started new residential buildings rose by 18.3%, their dwellings - by 8.4% and the gross building area - by 14.1%.
The number of started administrative buildings dropped by 15.6%, while their gross building area grew by 46.3%. The started other buildings marked a rise by 18.3% and their gross building - by 6.7%. The construction of the highest number of new buildings were started in the following districts: Plovdiv - 165 residential buildings and 80 other buildings; Sofia - 135 residential buildings, 4 administrative buildings and 27 other buildings; Varna - 85 residential buildings and 38 other buildings; Stara Zagora - 73 residential buildings and 47 other buildings.
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