The price of EU accession

Abstract

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 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 stabilize, demand from retail sector will strengthen the market for urban development sites, provision of infrastructure will importantly influence prices in holiday resorts and industrial estates, and agricultural land prices will initially upsurge.