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Comparison Between Long-Term Change Of Housing Prices And Rentals In Bulgaria Compared To Other Eu Countries

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  • Petar Ivanov

Abstract

This article examines the long-term dynamics of housing prices versus rentals in Bulgaria, EU-27 and other new members of the European Union. The study period is between Q1’2007 and Q1’2020. It encompasses the effects of the Global financial crisis from 2007-2008 over the housing prices and rentals during the period of economic recovery after it. Countries are plotted in a coordinate system according to the change size in both indicators. Lastly, a correlation matrix is drawn between indices of housing prices and rentals in EU-27 and Bulgaria, so that it could be determined where the strongest interaction occurs.

Suggested Citation

  • Petar Ivanov, 2020. "Comparison Between Long-Term Change Of Housing Prices And Rentals In Bulgaria Compared To Other Eu Countries," INTERNATIONAL SCIENTIFIC AND PRACTICAL CONFERENCE "CONSTRUCTION ENTREPRENEURSHIP AND REAL PROPERTY", University of Economics - Varna, issue 1, pages 129-136.
    • Handle: RePEc:vrn:emccon:y:2020:i:1:p:129-136
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    More about this item

    Keywords

    Bulgaria; Correlation; EU-27; Housing prices; Rentals;
    All these keywords.

    JEL classification:

    • E30 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - General (includes Measurement and Data)
    • R21 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Household Analysis - - - Housing Demand
    • R31 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location - - - Housing Supply and Markets

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