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

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 inXuenced primarily by local demand, government policies and the perception that EU accession is promoting investment. It is likely that prices of Xats will further differentiate, themarket for ofWce space will stabilize, demand from retail sector will strengthen the market for urban development sites, provision of infrastructure will importantly inXuence prices in holiday resorts and industrial estates, and agricultural land prices will initially upsurge.