Nadya Gilina

Abstract: The real estate market is formed by the transaction of property rights and emerging business relationships which are often a cross-area of different interests. The formation and development of the real estate market is impossible without the existence of a separate market infrastructure. A part of the process of transferring property rights are statutory rules, the emergence of specific structures and services that enable its normal functioning. The purpose of this article is to take a picture of the current businesses in the real estate market and their economic activities. The paper looks at their positions in the different real estate market sectors, as well as their separateness from the normative requirements, restrictions and control mechanisms. From the perspective of institutionalism, these are the existing formal and informal rules and their impact on the formation of the real estate market infrastructure in Bulgaria.

Key words: real estate, institutionalism, market infrastructure

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