|Last Updated: Aug. 17, 2012|
|SOFIA CENTRE - Apartments||COST (€)||YIELD (p.a.)||PRICE/SQ.M. (€)|
|TO BUY||MONTHLY RENT||TO BUY||MONTHLY RENT|
|75 sq. m.||91,575||383||5.02%||1,221||5.11|
|120 sq. m.||138,120||607||5.28%||1,151||5.06|
|200 sq. m.||201,600||1,124||6.69%||1,008||5.62|
|SOFIA SUBURBS - Apartments|
|75 sq. m.||71,700||298||4.98%||956||3.97|
|120 sq. m.||117,840||456||4.64%||982||3.80|
|200 sq. m.||221,400||894||4.85%||1,107||4.47|
|SKI RESORTS- Apartments|
|45 sq. m.||43,875||n.a.||n.a.||975||n.a.|
|70 sq. m.||54,880||n.a.||n.a.||784||n.a.|
|120 sq. m.||116,880||n.a.||n.a.||974||n.a.|
|BLACK SEA - Apartments|
|75 sq. m.||75,525||n.a.||n.a.||1,007||n.a.|
|120 sq. m.||106,680||n.a.||n.a.||889||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: Bourgas and Varna
Source: Global Property Guide Definitions: Data FAQ See also: Update Schedule
Apartment yields continued to increase in Sofia, Bulgaria, this year, against a background of falls in prices (though the decline was slower this year than last). The present level of yields should help put a floor under the Sofia market. In the centre of Sofia, apartment yields are moderate to good, ranging from 5.02% to 6.69%.
Doctor’s Garden, Ivan Vazov, Iztok and Lozenets are among the most sought after addresses in the centre. Embassies, museums and universities are located here. These areas also have many parks and green spaces, making them popular with expats.
In the southern part of Sofia in Vitosha Mountain (or in the vicinity) are prestigious suburban neighborhoods like Boyana and Dragalevtsi. But new developments being built here are increasing the stock of rental apartments. So it is unsurprising that yields in this area are “poor” according to our classification - ranging from 4.64% to 4.98% - though in reality, such yields are not so bad.
We don’t collect data on rentals in Bulgaria’s beach and ski areas, because rents in these areas are highly seasonal.
#1 PEJMAN KHORSANDNIA | September 10, 2012
I would like to thank you for your useful site. It is a very big help for property investors in such a world where information would come much more handy than self of capital to investors.i would like to mind you that on the chart above on the column for 60 m apartments on black sea either the percent of property price given as yield or the amount of rental yield should be wrong. Because the numbers don't fit mathematically. Thanks
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