The Emerging Property Market in Bulgaria after the end of the

Introduction communist domination

Economic situation and
the property market in Bulgaria has changed very much especially Reasons for the research
after joining the EU Bulgaria was faced with overbuilding issues and The dissertation will be focused on the Bulgarian property market and its
problems with the building Post-Socialist development from 2000-2007.
legislation and controls after The hypothesis more specifically sets out that the changes that took place
accession in the EU. Despite the fact that the state can adopt after the entry in EU have provided strong legislation for sustainable
policies to influence the overbuilding and problems with the property market.
environment there are still problems with the planning and building Methodology
control. Therefore there will be an attempt to take an insightful view The overall purpose of this paper is to describe the current position of the
into the situation in Bulgaria taking into consideration current EU Bulgarian property market. To collect the evidence of current problems with
legislation. Further will be discussing if EU policies could be the overbuild areas and also protected areas protected areas affected by illegal
mediating force to mitigate the problems with the building regulation developments to be the case or not. Overview a selection of policies that
in Bulgaria. would aim to stop or prevent building in protected areas of the country if
Hypothesis that is the case. To enable this study to either support or reject the
“The entry of Bulgaria into EU provided support for sustainable hypothesis, both primary and secondary data will be collected. Discussion
property development.” will be made on the selection of appropriate case studies and the detailed
Objectives methodology to be adopted. Local professionals will then be interviewed. The
•To examine the building policies in Bulgaria and how they changed research will also involve related literature.
after the EU accession. Proposed Sources of Data and Methods of Analysis
•The second objective is to collect detailed evidence and provide an The research strategy for this dissertation will involve gathering of
objective and balanced assessment of the extent to which Bulgaria qualitative and quantitative data and their analysis in order to
bring its legislation into line with European requirements, and also investigate the hypothesis. Data collection methods will involve the
its implementation in practice. acquisition of primary and secondary data. However due to the nature of the
•The third objective is to identify the main affected areas under topic, the research will be based mainly on secondary data.
special protection in the country during the period 2000-2007 and Primary research will include interviews with expert native professionals in
discuss ways this to be avoided. related fields of the property market and the economy in Bulgaria.
The three objectives outlined above are the parameters by which this Literature
study will be bound by. The Bulgaria’s property market relatively young age can be seen as a reason
for the absence of wide range of related literature. The general theoretical
context will be from reports, journals, publications, literature on the
general characteristics of the Emerging Eastern European markets.

the Bulgarian property market to have more transparency, efficiency and to be competitive with other successful property markets in Europe in the near future.
The dissertation will provide some characteristics of the present Bulgarian property market on the basis of previous similar experiences of Spain. The conclusion will be on whether there are possibilities for
Using the experience of the property markets in Spain, Portugal could be of interest from Bulgarian prospective.
expected to differ between countries. The discussion will be about what could be the most important policies from a Bulgarian perspective.
ICSGlobalCommercialPropertySurveyQ32009_2.pdf (Accessed: 15 November 2009).
Also it will indentify the complicated issues with the national protected sites and the specific changes in the economy that affected property market. The focus will http://www.joinricsineurope.eu/uploads/files/R
be not what the “best
Survey; RICS Economics Q3 (2009) Available at: road” to achieve sustainable market is as this can be
The EC Economy Archives (2008) Available at: http://ec.europa.eu/news/economy/archives_en.htm?Page=2 (Accessed: 15 November 2009). RICS Global Commercial Property
The Dissertation will investigate whether the reforms in Bulgaria in light of EU membership, as well as the growth of the economy, helped or hindered sustainable property
Don't Bankdevelopments
on Bansko (2009) Availableand sustainable property watch/dont_bank_on_bansko_/post-181.html
at: http://www.propertysecrets.net/blogs/finance_ market. (Accessed: 15 November 2009).
Longman.
Expected Conclusions Pinder, D. (ed.) (1999) The New Europe economy, society and environment. Chichester: John Wiley & Sons. Dyker , D. (ed.) (1992) The National Economies of Europe. London:
12 November 2009).
http://www.cbre.ro/research/ (Accessed: 12 November 2009). Price WaterHouseCoopers, PwC Bulgaria http://www.pwc.com/ro/eng/ins-sol/publ/allpublications.html (Accessed:
Available at:
CB Richard Ellis Property Report (2009) [Online] Available at: http://www.cbre.ro/research/ (Accessed: 12 November 2009). CB Richard Ellis Market Report (2009) [Online]
November 2009).
http://www.investmentbulgaria.com (Accessed: 6 November 2009). Bulgaria Real Estate-Investment Property-Economic statistics for Bulgaria http://factbook.net/ (Accessed: 6
Bulgaria
Europa-The European Union On-Line http://europa.eu (Accessed: 6 November 2009). CB Richard Ellis Bulgaria http://cbre.bg (Accessed: 6 November 2009). Investment
Andrusz, G., Harloe, M., Szelenyi, I. (1996) Cities after Socialism: Urban and Regional Change and Conflict in Post-Socialist Societies, Blackwell, Oxford.
Sample Bibliography