УСПЯВАТ ЛИ ИНВЕСТИЦИИТЕ В ЖИЛИЩНИ ИМОТИ ДА ПРЕДПАЗЯТ ВЛОЖИТЕЛИТЕ ОТ ИНФЛАЦИЯ – ДАННИ ОТ БЪЛГАРИЯ
IS PROPERTY INVESTMENT A SUCCESSFUL HEDGE AGAINST INFLATION – DATA FROM BULGARIA

Author(s): Blagovest Iliev
Subject(s): Economy, Essay|Book Review |Scientific Life, National Economy, Micro-Economics, Conference Report
Published by: Икономически университет - Варна
Keywords: Bulgaria; Hedging; Housing investment; Inflation
Summary/Abstract: Real estate and its impact to the wider economy was in the centre of the global financial crisis from 2007/2008. Nonetheless, its inflation hedging characteristics as an investment asset are of strong interest to economists and asset managers. The performance of real estate assets in various economic environments has been subject to analyses which indicate that residential properties most successfully hedge their value against inflation. This paper includes a review of different countries’ housing markets and studies the development of the Bulgarian housing market and its performance against inflation after the recovery from the global financial crisis.

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