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
    Discover wonderful homes in the Bulgarian beach resorts!
    Check out our selection of properties on the Bulgarian Black Sea Coast! Attractive prices, regular flights to Burgas and Varna international airports. Perfect for frequent visits, summer holidays, and more.
    See More
    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

    More News

    Press & Media
    The Real Estate Market In Bulgaria After the Euro: More Sellers, More Cautious Buyers, and Signs of Slowing Price Growth

    The first months of 2026, following Bulgaria’s accession to the eurozone, outline a new dynamic in the residential property market. After the record activity in 2025, when many buyers accelerated their decisions in anticipation of the introduction of the euro, the market is gradually beginning to return to a more moderate and sustainable pace.

    Although official statistics for the e...

    16 March, 2026
    Company news
    BULGARIAN PROPERTIES Agents of March 2026 🌺

    Spring is approaching, and we continue the year with confidence and professionalism!

    February confirmed the trend toward a more balanced and sustainable real estate market In Bulgaria after eurozone accession. Activity remains stable, negotiations are more thoughtful, and transactions are well-structured and carefully prepared.

    In this environment, our Agents of the ...

    02 March, 2026
    Company news
    Polina Stoykova MRICS participated in Imoti.net's Real Estate Business Forum

    On February 24, 2026, the Inter Expo Center in Sofia hosted the first edition of the Real Estate Business Forum for the year, organized by Imoti.net. The event brought together leading experts, managers, and professionals from the real estate sector to discuss the future of the industry, the role of technology, and the changing working environment for agencies.

    Among the participant...

    26 February, 2026
    latest news
    How Bulgaria’s Eurozone Membership Is Shaping the Real Estate Market

    Bulgaria’s entry into the Eurozone marks a defining moment for the country’s real estate sector. The adoption of the euro is no longer an expectation but a reality, and its impact is already visible across residential and investment markets. Greater transparency, improved confidence, and deeper integration with European financial systems are reshaping how property is priced, financed, and perceive...

    25 February, 2026

    REQUEST DETAILS