PRESS AND MEDIA

Housing Price Determinants and the Price Cycle in Bulgaria - a Paper by the Chief Operations Manager of BULGARIAN PROPERTIES

BULGARIAN PROPERTIES

Polina Stoykova, Chief Operations Manager and Head of the Research Department of BULGARIAN PROPERTIES presented a paper at the Summer Conference of the International Academy of Business and Economics in Barcelona, Spain on 3rd June. This paper is published in the current issue of the Journal of International Business and Economics.

The title of the paper is: 'Housing Price Determinants and the Price Cycle: Are the Fundamentals Valid, What is Specific and What Steers the Cycle?'

Download a brief presentation of the article from here

The main findings from the conducted research are the following:

  • The fundamental long-term housing price determinants are also valid in Bulgaria.

  • However, there are some cyclical deviations from the long-term trend which should be explained through the theory of the short-term property price determinants.

  • In order to forecast the Bulgarian real estate market the short-term determinants should be used and the general economic development should be considered.

  • There are 2 main drivers of the property prices in Bulgaria and their effect appears with a lag of one year.

    The participants at the conference expressed a great interest to the topic, to Bulgaria as a developing and attractive property market and to the future development of the real estate markets globally. Many questions were asked and suggestions for future research given, which will be taken in account for our future research projects.

    If you wish to receive more information about the article and its findings, please send us an e-mail

    ---
    Copyright: 2011 Bulgarian Properties Ltd. All rights reserved. For further information or advice please contact us on tel.: +359 2 9 11 50 or e-mail: info@bulgarianproperties.com. The use of this article by third parties is allowed only with proper quotations of the source www.BulgarianProperties.com and the Author of the article. The data in this material has been collected by the Author and Bulgarian Properties Ltd. and is presented for information purposes only. We have made every effort to ensure the accuracy of the data. However, Bulgarian Properties Ltd. cannot be held responsible for loss or damage as a result of decisions made based on the information presented in this article.
    © Bulgarian Properties Ltd. 2011.


      read more articles
    • Read topical information about Bulgarian real estate, economy and tourism!
    Read our answers to the most frequently asked questions when buying a property
    We offer a full range of property insurance products and all other types of insurance policies

    Hot offers

    Park Residence Page Title
    Sofia South Park Apartments Park Residence - The most exclusive address in Sofia - South park, Ivan vazov quarter, Vitosha Blvd!
    on request
    Lovely house, beautiful location and…what a price! Page Title
    Pleven House Lovely house, beautiful location and…what a price!
    €6,000 €3,500
    House with spacious garden for sale near Elhovo Page Title
    Elhovo Lalkovo House House with spacious garden for sale near Elhovo - House with spacious garden for sale near Elhovo
    €7,900 €6,900
    Lovely two-storey house near Plovdiv Page Title
    Plovdiv House Lovely two-storey house near Plovdiv - Big house with panoramic view to village and Sredna gora mountains
    €22,000 €21,000
    Maisonette on “Han Asaparuh” Str. in Sofia Page Title
    Sofia бул. Христо Ботев 1-bedroom apartment Maisonette on “Han Asaparuh” Str. in Sofia - Modern maisonette in the center of the capital
    €135,000 €86,000

    View all our hot offers in Bulgaria

    Latest News
    Prices of homes in Sofia down by 40% since 2008

    22/December/2011
    Capital Daily, vol.39, 22.12.11, extract

    The asking prices of apartments in Sofia dropped by over 40% since their peak in 2008, the analysis of BULGARIAN PROPERTIES shows. For the country the property price decrease is between 5 and 10%, estate agents say. The biggest price fall in 2011 is registered for holiday properties in Bansko – 25%. Contrary to the price drops, the Registry Agency reports that the number of housing deals has incre... read more

    LATEST REGIONAL NEWS
    The Military Airport of Balchik to Become a Civil Airport

    08/August/2011
    BULGARIAN PROPERTIES

    The Bulgarian government has decided to give the airport in Balchik to the Ministry of Transport, Information Technologies and Communications. The government intends to turn it into a civil airport.

    At present Balchik Airport is an inactive military airport. The change in its function will improve the flight services along the Bulgarian Black Sea coast, especially during the high s... read more

    DID YOU KNOW?
    Global Housing Market Stagnates in 2011

    13/January/2012
    Knight Frank

    The Knight Frank Global House Price Index*, which tracks the performance of the world’s mainstream housing markets, showed zero growth in the three months to September. This was the index’s weakest performance since Q2 2009.

    The third quarter saw mounting pressures on the global econom... read more

    Offers from our partners

     

    View all offers from our partners