Buy in Bulgaria for rent

Question

Buy in Bulgaria for rent

Ludmila Butina asks:

Good time. Are interested to buy an apartment in Bulgaria for living and one for rent. If this is possible in Burgas, Byala? I am retired, live in Ukraine. Thank you.

25.12.2013

BULGARIA. Consultation

Investments, leasing, sale

Expert answers (4)

Mary Cadava (Pajoko) · Answer 1 · 2013-12-25T19:26

Dear Lyudmila!
Everything is real, but is it necessary?
If you want to buy an apartment for a permanent life and live on money from the second one - it is economically impossible.
It is better to put money on a deposit in a Bulgarian bank and receive a guaranteed interest.

Of Evgeni Yanev (HF ESTATE) · Answer 2 · 2013-12-25T13:59

Lyudmila, good afternoon!

Buy one apartment in the city of Burgas or in Byala for living and the second for renting, of course, possible. You have a good choice - Bourgas and Byala are best suited for permanent residence and renting of apartments. Our company is engaged in both the sale of real estate, and the organization of tourism and recreation, so we can arrange for you to rent your apartment. For accommodation, we would recommend the city of Burgas, as it is the second largest city on the coast, where infrastructure is developed, everything works all year round, as there are theaters and other cultural places. This city is chosen by many Russian families for permanent residence. In Burgas there is even a Russian district and the Russian diaspora.

For renting, we would recommend for you to buy an apartment in the resort area, since, although the apartment can be rented only in the summer, the income can exceed if you rented an apartment all year round in Burgas or Varna. Everything depends on the location of the apartment from the sea and if you choose the right location, then this will be a good investment. If you want, we can send you an approximate lease calculation and additional information.

Sincerely, Evgeny

Krasimir Mitev · Answer 3 · 2013-12-25T11:10

Good afternoon!
Everything is real, but is it economically justified - this is a more difficult question!

Please, decide for yourself:
- What type of rental are you more interested in - long-term or short-term?
- What budget are you willing to use for both apartments?
- What is the expected income you are interested in?
- Are you ready to manage the rent yourself?

These are very, very serious questions. Define your priorities and write to us - we will certainly help with the selection of apartments in the right place.
Thank you!

Mikhail Kiselev (Болгарский Дом) · Answer 4 · 2013-12-25T10:49

Lyudmila, good afternoon.
Yes, your desire is real and feasible. Buying an apartment in a large city, such as Varna, Burgas, Sofia - you can count on a long-term lease, every month to receive payment as a salary.
If the apartment will be in the resort towns - Byala, Obzor, Pomorie, etc., in this case, the rent will be more seasonal, then in summer there will be a profitability, and in the winter the apartment will be idle.
But with the correct management in both options, the profit will be approximately the same. Write me, please, about your criteria for choosing an apartment for living and I can give you more detailed advice.
Good day and happy holidays!

Yours faithfully,
Mikhail Kiselev
"Bulgarian House"