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Market Attitudes toward Gated Residential Complexes in Veliko Tarnovo: Results and Conclusions from a Survey Study

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  • Shtelyan Kalchev

    (University of National and World Economy)

Abstract

This paper examines the growing interest for apartments in gated residential complexes compared to individual buildings, focusing on the preferences and market attitudes of buyers in Veliko Tarnovo, Bulgaria. Based on a structured survey of 76 participants, the study identifies the key factors driving interest in this type of housing – namely, security, affordability, and investment potential. The findings reveal specific consumer expectations such as a preference for video surveillance over live guards, high demand for ground-floor units with private gardens, and unrealistic expectations for prices around or below €1000/m². Other highlighted priorities include the availability of parking and energy-efficient features. The study contributes to the literature on gated communities in smaller Bulgarian cities and offers practical insights for developers, investors, urban planners, and designers.

Suggested Citation

  • Shtelyan Kalchev, 2025. "Market Attitudes toward Gated Residential Complexes in Veliko Tarnovo: Results and Conclusions from a Survey Study," Stroitelno predpriemachestvo i nedvizhima sobstvenost = Construction Entrepreneurship and Real Property, University of Economics Varna, issue 1, pages 65-77.
    • Handle: RePEc:vrn:sjcerp:y:2025:i:1:p:65-77
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    File URL: https://cerp.ue-varna.bg/index.php/ojs1/article/view/44/33
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    More about this item

    Keywords

    Gated communities; real estate; market preferences; investment trends; Veliko Tarnovo;
    All these keywords.

    JEL classification:

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

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