| Residential construction in Bulgaria rose 16.7% in Q1 2011 |
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In Q1 2011, new housing contracted by 5.3 per cent in annual terms to 3109 units. The largest number of residential permits were granted in the Black Sea cities of Varna and Bourgas, which accommodated 103 and 94 new buildings, respectively. Sofia was third with 40 residential buildings. The average usable area per unit went up to 77.8 sq m in the quarter from 76.4 sq m in 2010. The largest flats and houses were built in Gabrovo, Sofia, Yambol and Razgrad, while the smallest homes were in Vidin and Plovdiv. |
A total 601 new residential properties were built in Bulgaria in the first quarter of 2011, up by 16.7 per cent compared with the same period of the previous year, the National Statistics Institute said.