Similarity of Selected Residential Real Estate Markets in Bulgaria and Poland

Abstract

Analysis of the literature shows that studying of the housing market should take place at the local level. For this reason, for comparison of the housing markets in two CEE countries, cities of similar character and size were selected. The paper examines the development of the real estate market in the cities: Varna in Bulgaria and Gdańsk and Gdynia in Poland. We are focusing on the dynamics of the residential market in similar regions in the last few years. The paper analyzes in detail the following indicators: average housing prices, house price indexes, size of the housing stock, issued building permits, new buildings brought into use. Based on the analysis, a number of conclusions and summaries related to the subject of the study have been presented.