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Property Investment in Bulgaria
Investment property is very good for quick money returns but what if you
don't want the property for only investment purposes? If the property
is to be your new home for 6 months a year or as a retirement home,
then a resale property is for you. With a resale property you can see
the house that you are buying, touch it, feel it, decide what you're
going to do with it once it is yours! And of course you don't have to
wait for it to be built.
Investment Property Bulgaria - with the right approach, advice and common
sense, Bulgaria can be an ideal location for investing in buy to let
properties. In a typical year, rental investors can expect to gain around
12% to 20% of the value of their property, plus the long term annual
property value growth. Although capital appreciation has slowed considerably
in recent years, investors in investment property Bulgaria can expect,
as a minimum, to enjoy increases in property values here to outpace
those in the UK. In addition, low mortgage rates in the EU make it relatively
easy to cover the yearly mortgage payments and derive a healthy income
from your investment property Bulgaria. Property investment Bulgaria,
and your ability to show a positive return on that investment, will
always depend on the size, condition and location of the property itself,
and how effectively the property is marketed to prospective clients.
Rates and occupancies vary a lot by season and, at certain times of
the year such as Christmas and Easter, higher rental fees can be generated
from your property investment Bulgaria. One factor that will reduce
your net income is the payment of property and tenant management fees.
These can be as high as 25% of the rental income - so it pays to shop
around. Assuming that you will not be present to manage the rental of
your property investment Bulgaria, it's essential to secure the services
of a good lettings and management agent.
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