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Opportunities For Development Of The Market For Luxury Homes

Author

Listed:
  • Kristian Valchev

Abstract

The luxury home market differs from the mass market by many criteria, some of which are the high price and the high demands of buyers. In these circumstances, the correctness of the announcement of this type of property on the market is of the utmost importance. The areas of concern indicate the need to develop a model by which real estate agents, as well as the people who buy or sell them, can make their own ad design in order to give buyers the most information about the characteristics of the home and to standardize the way of announcing luxury homes in Bulgaria.

Suggested Citation

  • Kristian Valchev, 2019. "Opportunities For Development Of The Market For Luxury Homes," INTERNATIONAL SCIENTIFIC AND PRACTICAL CONFERENCE "CONSTRUCTION ENTREPRENEURSHIP AND REAL PROPERTY", University of Economics - Varna, issue 1, pages 201-210.
    • Handle: RePEc:vrn:emccon:y:2019:i:1:p:201-210
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    File URL: http://conference.ue-varna.bg/emc/wp-content/uploads/2019/11/sbornik-dokladi_2019.pdf
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    More about this item

    Keywords

    Characteristics; Development; Luxury homes; Model; Real estate market;
    All these keywords.

    JEL classification:

    • R21 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Household Analysis - - - Housing Demand
    • R23 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Household Analysis - - - Regional Migration; Regional Labor Markets; Population
    • R3 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location
    • R58 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis - - - Regional Development Planning and Policy

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