High yield from rent in Sofia
Most people buy an apartment in Sofia in order to live there. Statistics show that those buyers are moving to Sofia apartments with one or two bedrooms, located in prestigious quarters of the capital, with good infrastructure and fast transport access. Those who have moved to the capital to work here for a year or two or permanently, usually have some savings or take small loans from the bank to buy the apartment in Sofia they have chosen. These people are buying a Sofia apartment for their own needs. Along those buyers, the people who are lucky to inherit a property or buy for an investment, these people consider another option as well – to rent the property in the future, in case they no longer need it.
Since the time of absolute positivism is long gone, people are becoming more discerning in their choice of apartment in Sofia and seldom take big mortgages, as they are pressed by the uncertainty of their income, the high unemployment rate and the rising prices for fuel and food products. The situation is different when the apartment in Sofia is below the market value and the buyer has certain funds, then the investment would be worthwhile. Such an investment would be justified when the property is placed at a really nice area and the rental would not be a problem.
This is especially true for areas like “Students’ Town”, “Vitosha”, “Dianabad” and “Darvenitsa”, where if you give your apartment for rent the high yield is consistent and always guaranteed. In these districts the greatest demand is for apartments with one or two bedrooms, but also studios which are usually rented by one person or a couple, mostly students and young professionals. Good yields are also possible from renting small and medium sized apartments in downtown Sofia, which are usually taken by short-term tourists, business people and executives with good income who plan to reside in Sofia for a period of one or two years.
