french property maintenance

Why Bulgarian real estate investment?

The Bulgarian economy is growing steadily and does not seem to change anytime soon. There is currently a strong growth in industrial production in Bulgaria. Employment and credit has led to high GDP growth in recent years. The economy of Bulgaria, at an average annual rate of 4.8% in the last five years and in spite of inflation was sharply reduced to 2.3% in 2003.

Foreign direct investment (FDI) in Bulgaria has every year since then. Foreign direct investment reached U.S. $ 7.4 billion in 2003 from a rate of U.S. $ 5.7 billion in 2002 (that's an increase of 30%). The outstanding growth in the Bulgarian economy should be a strong property market and lead to higher Bulgarian property prices. Bulgaria real estate prices are currently low, that the best time to invest. Real estate in the better residential areas of Sofia sell for about £ 67 - £ 82 per square foot.

It is clear that Bulgaria Property is much cheaper than in many other countries in the region of Bulgaria. When it comes to the low currency risk, which Lev is linked to the euro since its introduction at a fixed interest rate. From 1997 the Lev to the DM, coupled with a rate of 1 Lev to 1 DM The current cost of domestic borrowing is relatively high - The rate that the Bulgarians pay for a floating rate mortgage is about 10-12% pa

Currently, it is possible to create a high rental income on housing, when you invest in Bulgarian real estate. The current rental yields on residential property in Bulgaria are currently in the range of 10-12% of the purchase price and the commercial / industrial property you will receive returns of 16%, the property sold to foreigners.

A lot of residential real estate, it is not suitable for rental. Currently there is no facility where individual tenants may be forced to contribute to the cost of repairs to common parts and exterior of buildings, unless their lease contracts, notably provisions relating to them. While occasionally suitable provision in the leases of the recently constructed buildings, the buildings are in the communist era, or earlier, hardly have these types of clauses in leases. The result is that everyone, unless the owners in a block agree to repair, nothing can be everything. Even in the best residential areas of Sofia, the common elements of the older blocks are often linked to the search and are difficult to let. Good quality modern apartment buildings, therefore, command a premium in the rental market. This allows the new investor to ensure their property is extremely cheap.

Published on: ISNAR Free Article Directory http://www.isnare.com
Permanent Link: + http://www.isnare.com/?aid=98869&ca=Real Estate