Innovative property investments
Bulgaria Property Investment News
Bulgaria still booming
While the reputation of investment property in Bulgaria is so widely known that market growth has slowed, it remains profitable, according to one market expert.
Lee Calvert, director of real estate specialists Property-abroad.com, said that investors who had entered the market early were most likely to have seen the best returns.
"It is not as lucrative as it was in the early stages but the market is still increasing," he commented.
"It really depends on the individual's circumstances and preferences, but I would say that the people who got in at the very beginning are the wise investors."
Mr Calvert warned that while investors could capitalise from Bulgaria's improving tourism sector, they should pay attention to seasonal constraints.
"The ski season is very short in Bulgaria, as is the summer season, so if they [investors] are looking purely for rental yield, they need to be very careful in that respect."
He continued: "They need to be careful where people have built-in rental schemes guaranteed - for instance, if you buy your property and it has guaranteed six per cent rental for two years."
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