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

Marian Rizov

MPRA Paper from University Library of Munich, Germany

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.

Keywords: Real estate; Real property; European Union; Bulgaria (search for similar items in EconPapers)
JEL-codes: R30 R31 (search for similar items in EconPapers)
Date: 2003
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Citations: View citations in EconPapers (1)

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Journal Article: The price of EU accession: An insight into the Bulgarian real estate market (2004)
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:70583

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