Buy to Rent In Bulgaria

Once you have completed on your property the management and renting of your new Bulgarian home can be taken over. On offer is a complete furniture pack and cleaning/maintenance service. Tenants can be found for either short or long term stay, collecting of rents can be arranged and monthly statements provided

As a "rule of thumb" guide a well located 2 bed apartment in Sofia rents out for around £ 250/ €350 per month long term or £ 175/ €250 per week short term. An apartment in Sunny Beach rents out for €400-500 per week in low season and €550-650 in high season

GUARANTEED RENTALS

Developments with guaranteed rental scheme are Northern Star and Bansko Complex in Bansko with about 10% Return of Investment.
In Sunny Beach such developments are Buena Vista, Vechna Resort, Majestic, Severina, Sunny VIP Complex, Sunny 2 with 5-7% Return of Investment.

The guaranteed rental is different depending on the type of apartment. The price appreciation of 25-30% yearly is not included. The guaranteed rental does not come from the Developer but from the rental management services.

The ROI is based on the purchase price but this can be only guidance. In the rental management contract it is written down that the owner receives all the income from the rent minus 20 % for the rental management agency.

RENTAL MANAGEMENT
The rental management services are offered to all apartments bought through us. The service is 'hands free' for the owner all the rentals, arrivals, airport transfers etc, are handled by the renatl magament company

Investment Advice

Investment Opportunity in Bulgaria - A personal view

Bulgaria is turning into the hottest property market in Europe. It has been interesting to see the development and recognition of the market over the past eighteen months.

Nobody asks me anymore ''I hear Bulgaria is a great place to invest, but, tell me, where is it!'' - I swear this happened to me. However, the number of agents and developments has also increased dramatically. The choice of client is now wider than ever, both from development and the choice of agents.

I cannot advise you on the agent to choose, but be careful out there. The most important questions are, do they know the market and are they direct agents for large, well established developers. Let me try and answer here the most repeated questions I am asked on a daily basis.