Some investors believe that it’s extremely difficult and expensive to purchase real estate objects in Europe. However, that’s not entirely true. Eastern Europe continues to suffer from the phenomenal growth of the country's modernization of their economies, resulting in great opportunities for investors. For example, the real estate in Bulgaria is a solid investment potential for low purchase of objects and great future income. That’s why you should definitely think about getting one of Bulgaria apartments.
All benefits you can get from Bulgaria apartments
It may seem incredible that the prices of apartments in Bulgaria have become reasonable. The number of years required in order to pay installments of only a medium-sized apartment of household salary income has decreased twice. According to the latest data of the National Bank of Bulgaria and the National Institute of Statistics Union, experts estimated that if people needed 7 years to repay their housing loans before, now they can do it only in 3 years. There is great interest in the three-room apartments, especially for the needs of young families with children. You should consider it if you have a small family.
An average apartment of 800 meters in the city center costs around 35 thousand Euros. There is also a rent-back service option, which can be provided by the administration with cash payment methods or premiums up to 3 years. Foreign investors can buy real estate in Bulgaria either directly or through a local company. The government allows foreigners to purchase property in Bulgaria on special terms, if you register a company based in the country and open your own business.
Prices range for apartments Bulgaria
Bulgaria's real estate market consists of three distinct regional sectors: mountains, cities and the Black Sea coast. Recently, the country has undergone a qualitative shift in terms of concentration of areas according to real estate sales. The price of the new one-bedroom apartment at Diplomat Gardens in the high-end Dragalavte area is € 82,200, which is fully-serviced with rent income of 7 per cent of the apartment price. The price of a two-room apartment in Bansko is € 108,000 with the possibility of an 8 percent annual increase. Prices for a one-room apartment in St. George's ski and spa facilities start at €48,000. If you are willing to have your own apartment in Bulgaria, check the following link:
https://www.domaza.co.uk/bulgaria_apartments/
