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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 Cover

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

Open Access
|Jul 2015

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.

Language: English
Page range: 77 - 90
Published on: Jul 11, 2015
In partnership with: Paradigm Publishing Services
Publication frequency: 4 issues per year

© 2015 Izabela Rącka, Sławomir Palicki, Ivo Kostov, published by Real Estate Management and Valuation
This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.