Bulgaria's residential building permits up 4.3% y/y in Q1

Compared to the last quarter of 2023, the number of residential building permits dropped by 19.9%, the National Statistical Institute (NSI) said in a statement last week.

A total of 27 permits for the construction of office buildings were issued in the January-March period, jumping by 42.1% in annual terms and by 22.7% quarter-on-quarter.

In terms of other types of buildings, 1,094 permits in total were issued in the review period, marking an annual rise of 5.7%. The number of issued permits was 13.2% lower compared to October-December 2023.