Bulgaria - Building Permits





Bulgaria: Building Permits

Mnemonic HPMT.IBGR
Unit #, NSA
Adjustments Not Seasonally Adjusted
Quarterly 10.93 %
Data 2021 Q2 2,985
2021 Q1 2,691

Series Information

Source National Statistics Institute (NSI) - Republic of Bulgaria
Release Building Permits
Frequency Quarterly
Start Date 3/31/2005
End Date 6/30/2021

Bulgaria: Real Estate

Reference Last Previous Units Frequency
Building Permits 2021 Q2 2,985 2,691 #, NSA Quarterly
Non-residential Building Permits 2021 Q2 1,240 1,145 #, NSA Quarterly
Residential Building Completions 2021 Q2 838 925 #, NSA Quarterly
Residential Building Permits 2021 Q2 1,745 1,546 #, NSA Quarterly
House Price Index 2021 Q1 145.72 141.23 Index 2015=100, NSA Quarterly
House Price Index for Existing Homes 2021 Q1 148.67 144.28 Index 2015=100, NSA Quarterly
House Price Index for New Homes 2021 Q1 140.67 136.04 Index 2015=100, NSA Quarterly
Dwelling Stocks 2020 3,985,172 3,970,719 # Annual

Release Information

For Bulgaria, the count of dwellings and dwelling units specified in permits for new construction.

The purpose of this data is to supply information about issued permits for new buildings by type and gross building area. Building permits is a good short-term indicator to predict the development on construction and can be used to analyze the activites of construction. 

  • Measurement: Unitary count (#)
  • Adjustment: Not seasonally adjusted (NSA) 
  • Native frequency: Quarterly
  • Start date: As early as 2003Q1, but most series start at 2005Q1
  • Geos: 
    • Country (IBGR)
    • NUTS 3 areas (IBGR_aa)

The source of the data is building permits issued for new buildings from municipal authorities. 

Definitions

Building
A roofed construction site which can be used separately, and it is built for permanent purposes. Buildings are subdivided into residential and non-residential buildings.
Residential buildings
At least half of the useful floor area is used for permanent residential habitation.
One-dwelling buildings
Houses, villas, bungalows for living by one household.
Two-and more dwelling buildings
Buildings such as flat blocks, apartment houses, detached houses, semi-detached or terraced houses with two and more dwellings and they have a common entrance
Residences for communities
Residences and service residences for the elderly, students, children and other social groups, e.g., retirement homes, works’ hostels, hostels for the homeless, etc.(exclude-hotels).
Dwelling
One or more rooms for living and service floor area in a building with solid structure for own use. The dwelling must have an exit to a generally accessible part (stairs, yard or straight on the street).
Non-residential buildings
Are mainly used or intended for use for nonresidential purpose.
Office buildings
Are used as places for business and administrative purpose, e.g., banks, post offices, government department offices, conference and congress centers, law courts, parliament buildings.
Other non-residential buildings
All other buildings not mentioned in the previous definition used for industrial, wholesale and retail trade, traffic and communication, public entertainment, agriculture, education purposes, hospitals, hotels and others. 
Gross building area
Sum of all floors areas in external dimensions, including functional areas and covered thoroughfares for ancillary use.

Moody's Analytics supplements

For the quarterly count of permitted dwelling units, we compute a seasonally adjusted counterpart.

No. According to the source, data revisions are not applicable.