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The price of EU accession An insight into the Bulgarian real estate market

Author

Listed:
  • Rizov, Marian

Abstract

Accession of Bulgaria to the European Union is expected to result in increases in the prices of all types of real estate, these changes are expected to differ across the segments of the national real estate market. Real estate prices have been infuenced primarily by local demand, government policies and the perception that EU accession is promoting investment. It is likely that prices will further differentiate, the market for office space will stabilize, demand from retail sector will strengthen the market for urban development sites, provision of infrastructure will importantly influence prices in holiday resorts and industrial estates, and agricultural land prices will initially upsurge.

Suggested Citation

  • Rizov, Marian, 2003. "The price of EU accession An insight into the Bulgarian real estate market," MPRA Paper 70583, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:70583
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    File URL: https://mpra.ub.uni-muenchen.de/70583/1/MPRA_paper_70583.pdf
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    References listed on IDEAS

    as
    1. Marian Rizov, 2002. "Budget Constraints and Profitability: Evidence from a Transition Economy," LICOS Discussion Papers 11602, LICOS - Centre for Institutions and Economic Performance, KU Leuven.
    2. Eamonn D'Arcy & Geoffrey Keogh, 1998. "Territorial Competition and Property Market Process: An Exploratory Analysis," Urban Studies, Urban Studies Journal Limited, vol. 35(8), pages 1215-1230, July.
    Full references (including those not matched with items on IDEAS)

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    Cited by:

    1. Abdul Aziz, Ahmad Faizal, 2011. "Causality of Residential Properties Price Movements in Malaysia," MPRA Paper 47682, University Library of Munich, Germany.

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    More about this item

    Keywords

    Real estate; Real property; European Union; Bulgaria;
    All these keywords.

    JEL classification:

    • R30 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location - - - General
    • R31 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location - - - Housing Supply and Markets

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