Housing Permits Up, Offices Down in Bulgaria

Housing Permits Up, Offices Down in Bulgaria

Business

In the first quarter of 2025, Bulgaria saw a notable rise in residential building permits, while approvals for office construction fell, according to the National Statistical Institute, CE Report quotes BTA

Authorities issued 2,084 residential building permits—an 8.8% increase from the previous quarter—covering 10,576 dwellings and 1.3 million sq m in total floor area. In contrast, permits for office buildings dropped by 20% to 12, with floor area shrinking by 89.3% to 3,724 sq m. Permits for other buildings declined by 8.9%.

Compared to Q1 2024, residential permits rose by 14.3%, while office building approvals plunged by 55.6%. Construction began on 1,431 residential buildings (down 7% from Q4 2024), but the number of dwellings fell sharply by 29.2%. However, office building starts doubled, with a 15.3% increase in floor area.

Plovdiv, Sofia City, Sofia Region, Varna, and Burgas recorded the highest number of new residential building permits and construction starts.

Tags

Related articles

Eurozone Inflation Steady at 2.2%
Eurozone annual inflation is projected to remain steady at 2.2% in April 2025, unchanged from March, according to a preliminary estimate by Eurostat. Services saw the highest price increase at 3.9%, up from 3.5% in March, followed by food, alcohol, and tobacco at 3.0%. Energy prices continued to decline, dropping by 3.5%.
Apple Tops Q2 Forecasts
Apple posted strong results for its fiscal second quarter ending March 29, 2025, with revenue rising 5% year-on-year to $95.4 billion and net profit increasing to $24.8 billion, up from $23.6 billion a year earlier.
Moldova Launches eReceipts
For the first time, merchants in Moldova will be able to use virtual cash registers and electronic tax receipts (eBon), as part of a new government initiative to ease administrative burdens and support entrepreneurs—especially in rural areas.
Greek Housing Market Shows Stability
Most real estate experts in Greece foresee a stable housing market through 2025, with 49% expecting sales prices to level off and 46% predicting further growth—though 42% believe any increase will stay below 5%, according to Cerved Real Estate Services’ annual survey.
Moldova Expands Power Exports
Starting May 1, the electricity export capacity from the joint Moldova–Ukraine grid to the European ENTSO-E network has increased from 550 MW to 650 MW.
Trump Pushes Tax Cuts, Seeks Time on Economy
Former President Donald Trump said Wednesday that his administration needs more time to revive the U.S. economy, calling current economic conditions "the Biden economy."
Greece Projects 2.3% Growth in 2025
Greece’s Ministry of Economy and Finance has submitted its annual economic progress report to the EU, projecting 2.3% GDP growth for 2025.
Bulgaria Raises 2025 Growth Forecast
Bulgaria's economy is expected to grow by 3% in 2025, with average annual inflation rising to 3.6%, according to the Finance Ministry’s spring macroeconomic forecast.