DEVELOPMENT OF HOUSING MARKET IN BULGARIA

Abstract

The article studies the supply and demand factors on the real estate market in Republic of Bulgaria. It examines the relation between value, price and costs for creating immovable properties and presents the concept of real estate market value as an applicable and most used standard of value in terms of international valuation standards. It also examines the trends in the change of real estate price and market value in Bulgaria over the last five years and how they are influenced by the way of funding real estate transactions.