Rental Market or elegant rental apartments in Sofia for tourists
The Bulgarian capital is ready to become the next most desired European city break destination. It has all the preconditions for become such due to several much important reasons which include the increasing number of flights to Sofia from various destinations and large transport hubs; the rich accommodation base diverse in style, luxury, location and price; the numerous cultural and historical sights, and of course the vibrant nightlife. Being one of the oldest cities in Europe, Sofia provides great value for money and is slowly taking its place among the traditional European long-weekend destinations.
Sofia could be accessed with the help of many regular carriers and several budget airline companies, including Wizzair, SkyEurope and EasyJet. It could be also accessed via the railway network but this is mainly possible from the neighboring countries. Once here, the tourists are welcome to choose from a variety of hotels of various location and price per room and a significant number of elegant, serviced apartments which give more freedom and bring different atmosphere that could satisfy diverse types and groups of visitors such as tourists and business travelers. As a rule, the serviced Sofia apartments are at reasonable prices and are cheaper than the hotel rooms, at the same time providing more comforts.
Sofia is becoming a favourite destination for many young people who are curious to see the capital of Bulgaria, once a capital of a communist country and today a modern city developing and changing every single day. These young people have listen or read about the beauty of Sofia and are now willing to see everything with their own eyes. They know that the Bulgarian capital is a great place for sightseeing as it features an interesting combination of medieval, socialist and modern architecture. It has many museums and galleries, pleasant parks for the free time and many shopping centers often with special discounts. There is also a myriad of restaurants and pubs, cafes and bars, and plenty of nightclubs with different types of music.
Young people hate the rules and the group excursions, but love to be independent and to travel alone. Well… now they can afford this because these tourists usually are young professionals with good salaries, who have outgrown the noisy and crowded hostels and can afford the comfort, the privacy and the prices of the serviced Sofia apartments.
The wise investors were foreseeing this new group of tourists that are now heading towards Sofia. Thy have seen this coming in cities like Prague and Ljubljana and were preparing themselves. They managed to purchase studio and one-bedroom apartments with good central location and proximity to the main tourist sights. They invested money into renovating these old apartments and furnishing them to a good standard and now… they simply lay back enjoying the rental income, the return of the investment made and the growing number of tourists.
An interesting fact would be that the Sofia apartments for rent that were at first targeted towards the tourists are evoking now the interest of the local professionals as well. This is so because the interest rates of the banks went up since the spring of 2008, the prices of the apartments doubled and the rent increased only with 10 to 15 %. It seems now that the monthly rent of a pleasant serviced apartment is less than the monthly instalment of the mortgage credit that includes also duties and ownership taxes.
