Marin Marinov, Ivo Draganov
Analysis of the Real Estate Market in Burgas, Bulgaria, during the COVID-19 pandemic
In this paper is presented an analysis on the change of the prices and their distribution of the real estates in the city of Burgas. The analysis period covers the years 2019 through 2021, including the time of the COVID-19 pandemic. Apart from the change on a quarter year basis the prices are investigated with their statistical distributions and clustering is being performed on the price class of 1-, 2- and 3- bedroom apartments. The results are useful tool for broker houses to perform adequate offering of real estates in the region with attractive marketing to their clients. The overall change over time of the living areas as a price per square meter could be used for future prediction of their values, which will further enhance the offering process and finding proper clients.
real estate, market analysis, Burgas, Bulgaria, pandemic, COVID-19
Cite this paper
Marin Marinov, Ivo Draganov. (2022) Analysis of the Real Estate Market in Burgas, Bulgaria, during the COVID-19 pandemic. International Journal of Economics and Management Systems, 7, 476-483