What to look for in an investment property in Bulgaria
In the current market in Bulgaria, as a property investor, it is important that you select the correct opportunity. The main areas of focus for investors should be financial leverage, rental return potential, and of course, quality.
Apartments are no longer as cheap as they used to be, which is a good sign for a thriving property market. Let’s consider the Black Sea coastline. Areas like Sunny beach are seeing record levels of tourism and are quickly becoming one of the more popular destinations for foreign tourists. As an investor, these tourists are the very people that will provide you with a rental income on your apartment. With a wide choice of properties on the market today, the smarter money is going into the higher quality 5 star “lifestyle” developments that will attract the higher end clients.
Any investor knows that financial leverage is key. Despite what some agents might say, genuine mortgages in Bulgaria are much harder to secure.
Some people who buy off-plan may be disappointed with the final build quality. It is advised that you look at previous developments by the same developer to inspect their standard of finish. Take a trip out and look for yourself. Don’t just take the agents word for it. A quality property will last and continue to give you a rental return through the property cycle.
Currently, our most popular development with investors on Bulgaria’s coast is “The Vineyards“. Lets see how it stacks up against our factors above.
Mortgage your investment
Finance is easy when you purchase on the Vineyards. A 70% (Loan to Value) mortgage is available. Only put 30% down.
Maximise your rental return
There is a 5 star luxury spar hotel onsite giving you use of the management facilities for private lettings to maximise your rental return.
Value
Consider price comparisons for other developments on the black sea coast. The Vineyards apartments price in at less than €1000 per m2
Superb build quality
The finish is excellent. The Vineyards comes from the developer that brought you the stunning frontline Garden of Eden. This project is now complete and you can see the quality finish with your own eyes.