Renting Sofia apartment is easy and does not cost a lot
According to the recent researches, the rental in Sofia seems to be very affordable, even in the central zones that used to keep high prices just a few months ago. The studio and 1-bedroom flats that are set in the prestigious neighborhoods and are presented on the rental market are offered at reduced prices. This is valid for the Sofia downtown apartments and the flats in Lozenets district. The drop in the price of the monthly rental is even more serious in the neighborhoods that are far from the centre such as Mladost district, Lyulin district and Nadejda district.
The ratio concerning the Sofia apartments prices and the rental prices is changing in favor of the Sofia rentals and the prognosis are that in the future the percentage of the people who will rent rather than buy a home will increase. This is expected to be so, as the monthly rental is and will be far more affordable than the monthly installment, in case one takes a mortgage. This prognoses was made on the grounds of the policy of the banks and the interest rates they offer, the salary segment and the Sofia apartment units prices.
Even so, Sofia real estate is one of the most stable investments for the Bulgarians and the foreigners that want to invest their money in the capital Sofia. Actually, the Sofia real estate prices have gone up with three hundred percent for the past ten years only, which made a huge impact on the behavior of the buyers and the sellers. At the current moment the flats that are most wanted by the buyers are one-bedroom Sofia apartment in the price-range 30 – 40 000 Euros, while the long-term tenants are looking for two-bedroom flats and are ready to pay approximately 400 to 600 leva, depending on the location. The holiday-makers coming to Sofia for a long weekend are searching for downtown Sofia apartments in all sizes and layouts.
