<abstract xmlns="http://www.w3.org/1999/xhtml"><p> 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.</p></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.

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

M.Sc. Department of Public Management and Law Faculty of Management The President Stanisław Wojciechowski Higher Vocational State School in Kalisz

PhD Department of Spatial and Environmental Economics Faculty of Management Poznań University of Economics

PhD Department of Economics and Management of Construction Faculty of Economics University of Economics – Varna (Bulgaria)

Real Estate Management and Valuation

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

In this paper, the specificity of release and transformation processes of real estate markets in two postsocialist bloc countries, i.e. Bulgaria and Poland,...

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

Published Online: Jul 11, 2015

Page range: 77 - 90

DOI: https://doi.org/10.1515/remav-2015-0017

Keywords
CEE real estate market, transformation, Poland, Bulgaria, housing

© 2015

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

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

Published Online: Jul 11, 2015

Page range: 77 - 90

DOI: https://doi.org/10.1515/remav-2015-0017

KeywordsCEE real estate market, transformation, Poland, Bulgaria, housing

© 2015

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

Keywords
CEE real estate market, transformation, Poland, Bulgaria, housing