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State and Determinants of Real Estate Market Development in Central and Eastern European Countries on the Example of Poland and Bulgaria

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  • Rącka Izabela

    (M.Sc. Department of Public Management and Law Faculty of Management The President Stanisław Wojciechowski Higher Vocational State School in Kalisz)

  • Palicki Sławomir

    (PhD Department of Spatial and Environmental Economics Faculty of Management Poznań University of Economics)

  • Kostov Ivo

    (PhD Department of Economics and Management of Construction Faculty of Economics University of Economics – Varna (Bulgaria))

Abstract

In this paper, the specificity of release and transformation processes of real estate markets in two postsocialist bloc countries, i.e. Bulgaria and Poland, was diagnosed. Comparative analysis of the conditions and directions of change was used as a tool to clarify the current situation, current status and characteristics of these markets. Comparison of Poland and Bulgaria also indicates the prospects for the development of real estate markets. The article is an attempt at assessing the condition and evolutionary progress of the residential segment. The authors also selected obstacles and factors promoting the development of real estate markets in the analyzed countries. This will either enable the critical assessment of changes observed in the past, or prove helpful in the context forecasting market phenomena.

Suggested Citation

  • Rącka Izabela & Palicki Sławomir & Kostov Ivo, 2015. "State and Determinants of Real Estate Market Development in Central and Eastern European Countries on the Example of Poland and Bulgaria," Real Estate Management and Valuation, Sciendo, vol. 23(2), pages 77-90, June.
    • Handle: RePEc:vrs:remava:v:23:y:2015:i:2:p:77-90:n:7
    DOI: 10.1515/remav-2015-0017
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    Cited by:

    1. Izabela Racka, 2021. "Drivers of Subregional Housing Markets in Poland," European Research Studies Journal, European Research Studies Journal, vol. 0(2B), pages 810-834.
    2. Bochko Оlena & Kosar Nataliia & Kuzo Nataliia & Bilyk Iryna & Zarichna Olena, 2022. "Determinants of Housing Construction in Ukraine," Real Estate Management and Valuation, Sciendo, vol. 30(3), pages 1-11, September.
    3. Pawlikowska Elżbieta & Popek Paulina & Bieda Agnieszka & Moteva & Stoeva Ana, 2017. "Analysis of the Legal Methods of Agricultural Land Protection in Central Europe On the Example of Poland and Bulgaria," Real Estate Management and Valuation, Sciendo, vol. 25(2), pages 58-71, June.
    4. Wojciech Kisiała & Izabela Rącka, 2021. "Spatial and Statistical Analysis of Urban Poverty for Sustainable City Development," Sustainability, MDPI, vol. 13(2), pages 1-18, January.

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