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Influence Of The Epidemiological Situation In 2020 On The Prices Of Residential Real Estate Properties In The City Of Varna

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  • Yana Stoencheva

Abstract

The present research is dedicated to the dynamics of the prices for two-bedroom apartments in the city of Varna during the months when the state of emergency was declared in Bulgaria with regard to due Covid-19 epidemic. That period covers the months March through until September. A stable rise of the prices has been established of the properties in prestigious areas, compared to the same months of 2019, as well as on a monthly basis within the year. A drop of fluctuating trends are observed in areas of less attractive locations. A conclusion is made that the purchase of a twobedroom flat in a prestigious area in Varna is a sustainable investment with a minimal risk of depreciation as a consequence of unpredictable crisis situation.

Suggested Citation

  • Yana Stoencheva, 2020. "Influence Of The Epidemiological Situation In 2020 On The Prices Of Residential Real Estate Properties In The City Of Varna," INTERNATIONAL SCIENTIFIC AND PRACTICAL CONFERENCE "CONSTRUCTION ENTREPRENEURSHIP AND REAL PROPERTY", University of Economics - Varna, issue 1, pages 97-104.
    • Handle: RePEc:vrn:emccon:y:2020:i:1:p:97-104
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    More about this item

    Keywords

    Residential real estate property; Prices; Covid-19;
    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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