From January to March 2011 in Bulgaria, local authorities issued 951 building permits real estate, which is 17,4% less than in the previous quarter and by 3.4% - the data for the first three months of 2010.
According to the National Statistical Institute of Bulgaria, the total area of ??residential buildings, the erection of which the developers have obtained licenses, is 320 thousand square meters (2.45 thousand apartments). Most building permits issued in the regions of Sofia, Burgas and Plovdiv, reports the newspaper "Sofia Echo".
Head of PROPERTYINTERIOR OOD Georgi Georgiev believes that the reduction of licenses issued will not affect the entire real estate market in Bulgaria. According to the specialist, the decline mainly occurred in the small resort town, which was previously built many sites. And in the larger towns, where demand from consumers is stable, the number of building permits issued almost fell.
Director of Alma-Realty Dobrinka Zahariev believes that reducing the number of building permits will lead to the quality built housing will improve in terms of infrastructure. According to him, instead of sealing of building developers will give preference to buildings which are located in good places.