Property Resale
Property Resale is a popular option allowing you to release funds against a property you already own. Experience shows that property in good condition and located in the right area will see an increase in value each year. Investment in resale properties is the cheapest way to buy property in Bulgaria and, bought in the right location, can offer good returns. The resale market has become increasingly attractive for investors. Among the main advantages are:
- Investing in established properties where the developments are finished, gardens are landscaped and pools are finished.
- Vendors have their building licenses, deeds to their property and planning permission for any alterations carried out - no waiting for two years for it to be built!
- Electricity and water are connected to the property and not through the builder’s supply.
A simple and efficient way to release the positive equity in your property is required. For some, this is when a development has sold out and high demand still exists for that property. For others it is on completion of the property, when it is ready for occupation. Whenever you choose to re-sell your property you need to ensure the process is both smooth and effective.
Renting in Bulgaria
The most actual question is what to do with apartment or house while you not there. Some people would like to take advantage of that which can be profitable. Giving for rent an apartment can bring some money, the average price of renting a 1-room apartment somewhere in Bourgas or Varna is about 250-350 EUR. If you have something in resort towns as Sunny Beach or Nessebar, the most live period of renting is from May to October, the other time can be less money or absence of clients. Anyway, rent is possible and always can be a plus for you.
