0
Hello,
Favourite properties (0)
Saved searches
Selected for you
Notifications
Subscriptions
Settings
Sign out
Close

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

2011-06-10   |  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

    See all our research papers and pubications

    Use our market analyses and consultancy services


      Read more news

  • Share
    Rural Houses in Bulgaria - wonderful in every season!
    A real peace of heaven in the Bulgarian countryside! Your own holiday home in a magic world hidden from the stress and the noise of urban life.

    Join us on a journey back to nature!
    See More
    Central Park - the best-selling new development in Sofia
    Homes for sale in one of the largest new construction developments in Sofia!

    A unique gated complex recreating the style and atmosphere of New York's Central Park. Modern buildings, space, greenery and breathtaking views! A future icon of the Bulgarian capital that will bring a new standard for quality of life. Choose your home now - big choice and attractive prices!
    See More

    More News

    Company news
    BULGARIAN PROPERTIES presents Bulgaria's first AI property search engine

    Are you tired of searching the old way? Try something new on our website!

    BULGARIAN PROPERTIES announces the launch of a revolutionary new feature on its website —an AI search engine with natural language processing that allows users to search for properties by describing what they need in words.

    It understands the meaning of what is written and returns the most accu...

    21 November, 2025
    Company news
    BULGARIAN PROPERTIES Agents of November 2025 🏆

    As autumn is in full swing, the real estate market in Bulgaria remains stable and active in anticipation of the eurozone entry.

    Property prices continue to rise, and interest in new-build projects remains strong, especially for modern complexes with guaranteed quality. The year also appears to be one of the strongest for a rise in demand for rural houses which are offered in quite ...

    04 November, 2025
    Press & Media
    Polina Stoykova at REAL ESTATE BUSINESS FORUM: The housing market in Sofia is calming down under the pressure of high prices

    The real estate market in Bulgaria's major cities is calmer than expected, just months before Bulgaria joins the eurozone. The euphoria and large sales volume remained in the first half of the year, until the decision to accept the country into the eurozone. This was commented on by Polina Stoykova MRICS, Managing Director and co-owner of the real estate agency Bulgarian Properties, during the Rea...

    22 October, 2025
    latest news
    Why Brits Are Once Again Choosing Bulgaria for Their Dream Home Abroad

    Twenty years ago, Bulgaria became one of the most attractive destinations for British buyers searching for affordable holiday homes and retirement havens. Now, two decades later, the trend is back – and stronger than ever.

    One of the many inspiring stories we’ve witnessed recently is that of Yossef, a buyer from the UK who came to explore Bulgaria with the hope of find...

    06 October, 2025

    REQUEST DETAILS