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Imperfections In The Market Of Intermediary (Brokerage) Services In The Real Estate Sector In Bulgaria

Author

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  • Dobromir Ganev

Abstract

Over the last 30 years, the real estate market in Bulgaria has developed extremely dynamically, going through several important stages, each of which deserves special attention and separate analysis. After 45 years of controlled market or more precisely missing one, real estate has received its rightful place among the main tools for generating profitability and has established itself as the main and best known investment opportunity for Bulgarian citizens. Despite the significant and remarkable progress in the sector, one element in this sector lags behind in the positive assessments of consumers and this element is the guild of brokers - people who practice the profession through which clients must receive a high level of professional and qualified consulting services in the complex process on the purchase and sale of their properties. The object of the study is the market of professional intermediary (brokerage) services in the real estate sector. The purpose of the study is to study and outline the imperfections of the Bulgarian market of intermediary services in the field of real estate.

Suggested Citation

  • Dobromir Ganev, 2020. "Imperfections In The Market Of Intermediary (Brokerage) Services In The Real Estate Sector In Bulgaria," INTERNATIONAL SCIENTIFIC AND PRACTICAL CONFERENCE "CONSTRUCTION ENTREPRENEURSHIP AND REAL PROPERTY", University of Economics - Varna, issue 1, pages 124-128.
    • Handle: RePEc:vrn:emccon:y:2020:i:1:p:124-128
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    More about this item

    Keywords

    Bulgarian real estate market; Brokers services; Imperfect market; Customer rights;
    All these keywords.

    JEL classification:

    • R3 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location
    • D04 - Microeconomics - - General - - - Microeconomic Policy: Formulation; Implementation; Evaluation
    • L51 - Industrial Organization - - Regulation and Industrial Policy - - - Economics of Regulation

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