Latest News

10.06.2011 Housing Price Determinants and the Price Cycle in Bulgaria - a Paper by the Chief Operations Manager of 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
    The First "Bile Fest" - Herbs Dedicated Festival Will Be Held on the St. Anastasia Island in Bourgas


    The island of Saint Anastasia will welcome guests with folk rituals for health and fertility in the first edition of the "Bile Fest", a heraldic festival, announced Burgas Municipality.

    More than 50 participants will take part in the event with herbs and healthy foods, curative extracts and ointments, and will show the authentic ways of preparing them.

    The accompanyin... read more

    Comments from clients
    I purchased a property in Bansko, the service was excellent. The process was completely stress free ...
    Dear Bulgariafiles, We have just purchased a property in Taregovishte. Being in Kenya it meant a ...
    Excellent service would highly recommend ...
    Get to know more about our company!
    Read topical information about Bulgarian real estate, economy and tourism!
    View the best properties in the top Bulgarian ski resorts!
    Find out how we can help you sell your property
    Latest News
    British Are Once Again Interested In Buying Bulgarian Properties


    Bulgaria returns to the top 10 of the overseas property buying sites in 2019 in the UK rating platform, quoted by the newspaper "Bulgarian News". Bulgaria ranked ninth place in the chart preceded by Turkey, Florida, Cyprus, Italy, Greece, Portugal, France and Spain. Barbados, also a new country on the list, ranked the tenth place.

    "It may be the European Unions p... read more

    Modest 1.55% Growth in Tourists is Expected in Burgas Region


    According to preliminary data, a modest growth of 1.55% is expected in the number of tourists in this part of the country, Ivan Ivanov, President of the Regional Tourism Chamber in Burgas, told Focus Radio. The forecast is based on planned flights, according to data at the end of March.

    Despite the increase in tourists from Austria (25%), Estonia (46%), the Czech Republic (21%), Ir... read more

    Which are the 20 most Powerful Brands on the Bulgarian Market in 2019?


    When consumers wonder what brand to buy, Bulgarian consumers are mainly guided by the opinions of friends, not the famous people who use a particular brand. This shows the results of a GfK study in Bulgaria as part of the global Superbrands program for 2019.

    Participants were 2095 men ... read more