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In the first 3 months of the year, developers received permits for 993 residential buildings with a total area of 508.5 thousand square metres. Permit numbers increased by 3.4% compared with the corresponding period of 2015.
The geographical distribution of permits was:
- Plovdiv: 143;
- Sofia: 139;
- Burgas: 124;
- Varna: 100.
New residential construction increased in Bulgaria in the first quarter of 2016. More than 600 projects started, compared with 537 a year earlier. However, compared with the first quarter of 2015, homes within buildings under construction declined by 19% and total construction area by 17%.
Source: Novinite.com, citing the Bulgarian Statistical Institute's quarterly report.
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