Resorts In Bulgaria To See Residential Property Construction Boom

Most of the apartments to be constructed in Bulgaria will be located near the country’s biggest resorts.

Residential property projects totaling 1.77 million sq m in area received construction permits in the first three months of 2007, Sega daily reported.

National Statistical Institute (NSI) data showed that 75 per cent of these apartments will be located in the regions of Bourgas, Varna and Dobrich at the seaside and near the mountain resorts of Bansko, Razlog, Pamporovo and Borovets.

Nearly 20 per cent of all apartments to be constructed will be located in the Bourgas region.

Between January and April 2007, Dobrich municipality issued nearly 41 per cent more construction permits that during the entire 2006.

Apartments to be constructed in the Varna region doubled as compared to figures for the same period in 2006.