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Influence Of Some Factors At The Level Of Rental Prices In The City Of Varna

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  • Yana Stoencheva

Abstract

The present report has a goal to review the specifics of the rental prices in the city of Varna, as well as the impact of certain factors in this process. To that end an analyses of the rental prices is carried out amongst different categories of residential properties and it is explored the strength and the direction of the connection between varies factors and the prices by sq. m. through the coefficient of correlation. Based on the conducted analyses it is established that the rental prices of residential properties of city of Varna are mostly influenced by the proximity of the property to the centre of town or to the seaside garden. It is also established that the quality of air and safety are no amongst the factors which significantly impact the decision about the price. The connection between the rental prices and the proximity to parks and green areas is relatively insignificant, while only two bedroom flats are influenced by this connection. The result could be useful to some potential investors.

Suggested Citation

  • Yana Stoencheva, 2019. "Influence Of Some Factors At The Level Of Rental Prices In The City Of Varna," INTERNATIONAL SCIENTIFIC AND PRACTICAL CONFERENCE "CONSTRUCTION ENTREPRENEURSHIP AND REAL PROPERTY", University of Economics - Varna, issue 1, pages 132-141.
    • Handle: RePEc:vrn:emccon:y:2019:i:1:p:132-141
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    File URL: http://conference.ue-varna.bg/emc/wp-content/uploads/2019/11/sbornik-dokladi_2019.pdf
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    More about this item

    Keywords

    Factors; Rental price; Residential real estate property;
    All these keywords.

    JEL classification:

    • R20 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Household Analysis - - - General
    • R30 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location - - - General

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