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Factors Setting up the Prices of Residential Property in Bulgaria

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  • Stefan Yotov

Abstract

Examined are the main factors influencing the increased demand for residential property as a main accelerator of the price increase. Special attention is focused on the significant increase of residential mortgage credits due to the more advantageous loan conditions and the improved acquittal capacity of households. Of great significance is the sharply increasing during the last years external demand for residences as an engine of the estate market. Analyzed are the perspectives for the development of the estate market and the factors for a future containment and eventual decrease of prices of real estates in Bulgaria.

Suggested Citation

  • Stefan Yotov, 2008. "Factors Setting up the Prices of Residential Property in Bulgaria," Economic Thought journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 7, pages 134-149.
  • Handle: RePEc:bas:econth:y:2008:i:7:p:134-149
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    More about this item

    JEL classification:

    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • 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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