Property prices in Sofia have increased with 100% for the past 15 years, according to the statistics of the National Association of Building Contractors. Extremely cumbersome procedures and inadequate over-control of institutions have made a significant contribution to this increase, says Chairman of the Association Georgi Shopov. And while a private investor may take up to three years to issue a construction permit, only five days are planned for the design of an entire city square, but now under public procurement.

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