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Bulgaria: House Prices, Rents, and Rental Yields

Last Updated: Aug 22, 2008

Moderate rental yields

Last Updated: Aug. 22, 2008
SOFIA CENTRE - Apartments COST (€) YIELD (p.a.) PRICE/SQ.M. (€)
TO BUY MONTHLY RENT TO BUY MONTHLY RENT
60 sq. m. 129,480 512 4.74% 2,158 8.53
90 sq. m. 204,930 843 4.94% 2,277 9.37
120 sq. m. 265,680 1,022 4.62% 2,214 8.52
180 sq. m. 357,660 1,456 4.89% 1,987 8.09
SOFIA SUBURBS - Apartments
75 sq. m. 105,825 481 5.45% 1,411 6.41
120 sq. m. 159,240 802 6.04% 1,327 6.68
200 sq. m. 275,800 1,412 6.14% 1,379 7.06
SKI RESORTS - Apartments
50 sq. m. 59,450 n.a. n.a. 1,189 n.a.
120 sq. m. 153,360 n.a. n.a. 1,278 n.a.
BLACK SEA COAST - Apartments
50 sq. m. 58,750 n.a. n.a. 1,175 n.a.
80 sq. m. 111,120 n.a. n.a. 1,389 n.a.
100 sq. m. 113,900 n.a. n.a. 1,139 n.a.
150 sq. m. 211,050 n.a. n.a. 1,407 n.a.
Districts researched:
Sofia centre: Doctor's Garden, Ivan Vazov, Iztok, Lozenets, near the Medical Academy, and Oborishte.
Sofia suburbs- Dragalevtsky, Borovo, Manastirski Livadi, Buckston, Vitosha, Gotse Delchev, Student's Town, Strelbishte, Krasno Selo, Boyana, Geo Milev, Ovcha Kupel, Dianabad, Beli Brezi, Hladilnika, Poduyane and Slatina.
Ski resorts: Bansko and Borovets
Black Sea Coast: Burgas and Varna
Source: Global Property Guide                    Definitions: Data FAQ                       See also: Update Schedule

Apartment prices in central Sofia range from €130,500 to €360,700 and cost an average of €1,659 per sq. m. In the suburbs on the other hand, starting prices for apartments are €105,800.

Gross rental returns are around 5.1% and 5.88% in Central Sofia and the suburbs. Yields are similar for apartments ranging from of 60 to 180 sq. m. with only a 0.32% difference between its highest and lowest. This is also true of suburb apartments with 0.69% difference in rental yields.

 

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