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Challenges to the Housing Policy in Bulgaria

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  • Stefan Yotov

Abstract

In Bulgaria the housing of the population is higher than EU average, and the property of homes is at the record level of 96%. However, on the other hand, most of the homes (especially panel ones) are small-sized, not maintained over the years and energy ineffective. Since 2004 the country has a National housing strategy, but none of its three main priorities has had any substantial development. Over 700 000 homes need a complete renovation. The share of uninhabited homes continuously increases up to almost 25% of all. At the same time about 48% of the homes are over-populated. The paper reasons the radical need for establishing a fund of public rented homes. It outlines that an adequate housing policy in the country could not exist in isolation – in conditions of EU lowest tax revenues with GDP.

Suggested Citation

  • Stefan Yotov, 2014. "Challenges to the Housing Policy in Bulgaria," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 3, pages 154-179.
    • Handle: RePEc:bas:econst:y:2014:i:3:p:154-179
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    More about this item

    JEL classification:

    • L74 - Industrial Organization - - Industry Studies: Primary Products and Construction - - - Construction
    • R21 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Household Analysis - - - Housing Demand
    • R28 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Household Analysis - - - Government Policy
    • 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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