EU accession and the Bulgarian real estate market

Abstract:

Accession of Bulgaria to the European Union (EU) is expected to result in an increase in the prices of all types of real estate as changes are expected to differ across the segments of the national real estate market. Property prices have been influenced primarily by local demand, government policies and the perception that EU accession is promoting investment. It is likely that prices of flats will further differentiate, the market for office space will stabilise, the provision of infrastructure will importantly influence prices in holiday resorts and of industrial estates, and agricultural land prices will upsurge initially.