New housing construction in Bulgaria grows 13% Y/Y in Q2 2011

Bulgaria's new housing construction rose by 13 per cent on the year to 742 buildings in the second quarter of 2011, preliminary data by the National Statistics Institute (NSI) showed.

Newly-built housing, however, dropped by 26 per cent in annual terms to 3500 homes in the quarter.

The largest number of new residential buildings was recorded in Bulgaria's two Black Sea districts - 121 in the Bourgas district, with 1122 housing units, and 100 buildings in Varna, with 573 residential units. Sofia was third with 36 new buildings comprising 260 housing units.

The lowest number of residential properties were built in Montana, Vratsa and Vidin.

The total average usable area went down by 17.2 per cent year-on-year to 282 000 sq m, while the average usable area per unit grew to 80.6 sq m from 71.9 sq m.

The largest flats and houses were built in Smolyan, Gabrovo and Rousse.

Text: www.sofiaecho.com
Photo: Krassimir Yuskessiliev

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