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Yana Stoencheva
Building a Concept af a Criteria System When Making a Choice During a Purchase of a Residential Real Estate Property
Summary:
The purpose of the present article is to reveal, discuss and range in degree of significance various characteristics of a residential property which influence making a decision during a purchasing process. Apart from the obvious well-known characteristics of any property like location, price, structural characteristics, transport accessibility, etc. this article also discusses certain criteria based on the ancient Chinese philosophy of Feng Shui. Consequently, based on the thoroughly analysed criteria an attempt is presented at grading these criteria in priority and importance thus coming up with a criteria system for purchasing a residential property.
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Nikolay Stoenchev, Yana Hrischeva
Investment Appeal of Residential Real Estate Property in the City of Sofia
Summary:
The current study is focused on the residential real estate property market in the city of Sofia. It examines different options for assessment of investment return on three of the most widespread types of residential housing property – studios, one-bedroom and two-bedroom flats – by residential district in the city of Sofia. A comparative static analysis has been performed according to housing location as well as a dynamic analysis in relation to a past period. For the groups of the most appealing locations, graphs have been plotted of investment return dynamics per month, for a one-year period, which reveal the seasonal character of the changes in the indicator examined. The most recent mass data are used, meeting the requirements for calculating reliable unifying characteristics. Major priorities and objective laws have been worked out, benefiting both theory and practice.
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Daniela Feschiyan
Financial Analysis of the Structure, Composition and Effective Use of Publicly Owned Real Estate
Summary:
The research presents the structure and content for a system of indicators for financial analysis of publicly owned real estate. The aim is to clarify the logic, significance, numerical values and methods of use of the proposed indicators for financial analysis and evaluation of the effective use real estate. Potential approaches of examining their comparability and compatibility with other indicators, as well as opportunities for clustering of similar performance and time tracking analysis of objects are discussed. The methodology for deriving the indicators and their meanings enables the study of the effectiveness of the functioning of publicly owned real estate. The proposed system of indicators will improve the effective decision making in the management of publicly owned real estate. Developed by the author, a system of indicators of financial analysis of municipal property was piloted in 6 municipalities in South-Eastern Europe - the Municipality of Tirana, Municipality of Bucharest, Sofia Municipality, Municipality of Athens, City of Zagreb, and Municipality of Cajetina.