Overseas property news - 601 new residential buildings in bulgaria in q1 2011

601 new residential buildings in bulgaria in q1 2011

In the first quarter of 2011, the newly built residential buildings in Bulgaria were 601, according to the preliminary data of the National Statistical Institute, NSI, released Tuesday.

Compared to the same quarter of 2010, the number of these buildings increased by 16.7%, but the number newly built units in them fell by 5.3% to 3 109.

The largest number of residential buildings and dwellings has been built in Varna - 103 buildings with 564 units in them. Burgas is second with 94 residential buildings with 643 units, followed by the Region of Sofia City - 40 buildings with 279 units.

In the first quarter of 2011, the useful area of the newly built units was 241.9 thousand square meters or 3.6% less than the same quarter of 2010. The living floor area of the dwellings went down by 1.7% to 153.6 thousand square meters.

Source: Novinite.com

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