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Problems Of Affordability For Acquisition Of Residential Properties In The City Of Varna

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  • Yana Stoencheva

Abstract

The purpose of this report is to establish the degree of affordability to residential properties in the city of Varna. Indicators, price-to-income ratios and residual income were used to study the degree of affordability. The results of the analysis show that there is an extremely high unavailability of the acquisition of residential properties in the city of Varna. In some neighborhoods, the number of acquisition years calculated on the basis of price-to-income ratios varies widely from 12 to 41 years on average per person and between 5.8 and 19 years per household. Based on residual income in some of the prestigious neighborhoods it reaches over 100 years if the home is acquired by one person. The report also identifies tools that can be used to increase the availability of affordable housing.

Suggested Citation

  • Yana Stoencheva, 2021. "Problems Of Affordability For Acquisition Of Residential Properties In The City Of Varna," INTERNATIONAL SCIENTIFIC AND PRACTICAL CONFERENCE "CONSTRUCTION ENTREPRENEURSHIP AND REAL PROPERTY", University of Economics - Varna, issue 1, pages 147-154.
    • Handle: RePEc:vrn:emccon:y:2021:i:1:p:147-154
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    File URL: https://conference.ue-varna.bg/emc/wp-content/uploads/2021/12/Sbornik_dokladi_2021.pdf
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    More about this item

    Keywords

    Housing affordability; Housing availability; Real estate market;
    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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