Sustainable Housing for a Sustainable Society

Abstract

One of the crucial outcomes of the recent reforms in Bulgaria has been the shifting of the role of the State from total responsibility for provision of housing to that of full irresponsibility, withdrawing the last element of a social housing policy.The macroeconomic context inevitably affects the housing sector. No mortgage instruments can work in such conditions. There are neither subsidies, nor tax incentives to encourage investments in housing. Though the share of the housing sector in Bulgaria is smaller, compared to the other European countries, it's place in the National Economy should not be underestimated. Adding the priority role of a home in Bulgarians' personal value systems, it could have a considerable contribution to economic and social stabilization of our society in the period of transition.