INFLUENCE OF THE EPIDEMIOLOGICAL SITUATION IN 2020 ON THE PRICES OF RESIDENTIAL REAL ESTATE PROPERTIES IN THE CITY OF VARNA

Yana Stoencheva

INTERNATIONAL SCIENTIFIC AND PRACTICAL CONFERENCE "CONSTRUCTION ENTREPRENEURSHIP AND REAL PROPERTY", 2020, issue 1, 97-104

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.

Keywords: Residential real estate property; Prices; Covid-19 (search for similar items in EconPapers)
JEL-codes: R20 R30 (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:vrn:emccon:y:2020:i:1:p:97-104

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