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Development Of Residential Construction In The 10 Largest Cities In Bulgaria

Author

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  • Tsvetelina Atanasova

Abstract

The development of residential construction in the 10 largest cities in Bulgaria is essential for a country's economy because it is necessary for its prosperity and competitiveness. For the purposes of the study, we will analyze data on the volume and cost of residential construction in these cities. This sector is one of the fastest growing in production. Due to the lack of income in savings accounts and the low percentage on mortgage loans, opportunities for investing in residential properties arise, due to which their prices rise. With the development of the sector, GDP also rises.

Suggested Citation

  • Tsvetelina Atanasova, 2021. "Development Of Residential Construction In The 10 Largest Cities In Bulgaria," INTERNATIONAL SCIENTIFIC AND PRACTICAL CONFERENCE "CONSTRUCTION ENTREPRENEURSHIP AND REAL PROPERTY", University of Economics - Varna, issue 1, pages 181-187.
    • Handle: RePEc:vrn:emccon:y:2021:i:1:p:181-187
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    File URL: https://conference.ue-varna.bg/emc/wp-content/uploads/2021/12/Sbornik_dokladi_2021.pdf
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    More about this item

    Keywords

    Cities; Prices; Residential construction; Real estate;
    All these keywords.

    JEL classification:

    • L74 - Industrial Organization - - Industry Studies: Primary Products and Construction - - - Construction
    • R3 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location

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