Are you looking for a flat to buy for rent?
Bulgarian Resales real estate agency can offer you property from the builder or second property, houses, flats and apartments, inexpensive properties. Compact studios and spacious townhouses, in major Bulgarian resorts and quiet villages, luxury and budget, overlooking the sea, mountain ranges or cosy parks. We have something suitable for every client's wishes and budget.
Should I buy a flat for rent in Bulgaria?
People from all over Europe and beyond come to Bulgaria for their holidays. This country is loved for its beautiful nature and green cities, for its rich cultural heritage and many historical monuments, for its clean air filled with phytoncides, sandy beaches, mild climate, mineral waters, thermal springs and affordable prices.
There is no shortage of tourists in Bulgaria, which means that it is profitable to have accommodation for rent. And if you also do not mind investing in local property in order to get passive income, let's understand what kind of flat is best to buy for rent. Where it can be the most profitable.
Where is the best place to buy a flat for rent in Bulgaria?
Tourists are different, and not everyone goes to Bulgaria to lie on the beach. Some are interested in historical sights or balneological centres. But such minority, so you should not focus on them. Although it is possible to combine. It will not be difficult to find a town on the coast, and rich in historical values or mineral springs.
When you are looking for in which city to buy a flat for rent. You can consider these options:
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Sunny Beach boasts not only clean sandy beaches, fresh air and developed infrastructure for living all year round.
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Pomorie is also located on the coast. The gentle entrance to the sea attracts couples with children to holiday here. There are also balneological centres specialising in mud treatment.
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Nessebar and Ravda attract a lot of tourists every year, they are excellent resorts for a relaxing holiday.
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Bourgas. Chosen for several years in a row as ‘the best city to live in Bulgaria’, here you will find everything you need for a happy holiday, investment, comfortable living, recently opened a spa with mineral water.
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Sozopol is one of the most popular resorts in Bulgaria. It is here that local pop stars, actors, artists and other creative personalities prefer to holiday. There are many cultural sights here. Unusual architecture, houses covered with red tiles, cosy streets, clean sea and sandy beaches hiding in picturesque harbours. This is exactly where it is profitable to buy a flat for rent.After all, there will be no shortage of solvent tourists.
When choosing a city in Bulgaria, pay attention to its popularity and the flow of tourists. Little visited resort, even if it is very picturesque, is good more for yourself. But if you want to recoup your investment as quickly as possible and start receiving income, in the choice of the object must rely not on emotion. There must be an accurate calculation.
Today some of the most popular resorts are also Burgas, Sunny Beach, Golden Sands, Nessebar, Albena, Elenit, Obzor, as well as the ski resorts of Pamporovo and Bansko. But a well chosen town is no guarantee that you should be prepared to fend off clients. There are also other factors.
The ideal flat for rent. What is it like and where is it located?
Tourists choose coastal towns and popular resorts in Bulgaria for daily rent. But it should be understood that such property will be in demand only in season. And in winter it will be idle.
Renting a flat can also be done on a permanent basis. To do this, you need to buy it in one of the major cities. Such as: the capital Sofia, the second largest city in the country Plovdiv, Varna, both densely populated and coastal city, as well as the port city of Burgas. In such cities life is boiling both in the holiday season and in the winter season.
People come here from the surrounding towns and villages of Bulgaria in search of work, sometimes even whole families, as well as students for their studies. Therefore, there is always a demand for long-term rentals in such towns. On the one hand, the income may be lower than in the resorts, but on the other hand, it will be stable all year round.
What kind of flats are in demand for rent in Bulgaria? According to statistics, if it is a long-term rent, the most popular are one-room flats. The least profitable are houses. Although in Varna, on the contrary, houses bring more profit than any flat. The proximity of public transport stops, shops, banks, medical centres - all this will also influence the demand and the amount of rent you will be willing to pay for your accommodation.
If you decide to take a property in resort complexes in Bulgaria, here too there will be its own nuances. Again, it is better to choose the most lively and with a constant influx of tourists places.
Tempting idea may seem to take a property in a newly built complex or invest in the process of construction. But here you need to understand that then the payback time may be delayed, and there is no guarantee that it will happen in principle. Therefore, it is better to pay attention to the complexes that have been operating for a long time and have a good occupancy rate in the season. The best option will be the first or second line from the sea.
Well, what should be in the flat for rent in Bulgaria? The better the accommodation is equipped, the more profitable it can be rented out. No one goes on holiday with their wardrobes and beds, so the flat should be furnished at least minimally for the convenience of living. A swimming pool, playground, a shop on the territory of the complex will also be a significant plus.
How to buy a flat for rent in Bulgaria?
Bulgarian Resales is always ready to advise you how to choose a flat for rent in Bulgaria and where to buy it. We not only help you to choose, but also accompany you during the whole buying process. Please contact us. We have a lot to offer you.
