Rental yields are moderate in Sofia, Bulgaria

Residential Valuation Specialist | May 02, 2022

Last Updated: May 02, 2022
SOFIA CENTRE PRICE/SQ.M. (€) YIELD (p.a.) PRICE/SQ.FT. (€)
TO BUY MONTHLY RENT TO BUY MONTHLY RENT
Banishora apartments
1-bedroom 97,416 353 4.61% 1,468 5.64
2-bedroom 157,476 457 3.84% 1,567 5.02
3-bedroom 201,098 538 3.76% 1,452 4.55
Centre apartments
1-bedroom 158,235 465 3.91% 2,164 7.05
2-bedroom 247,701 683 3.50% 2,337 6.82
3-bedroom 378,648 988 3.44% 2,472 7.09
Doctor´s Garden apartments
1-bedroom 248,550 333 2.38% 4,040 8.00
2-bedroom 342,000 950 2.56% 3,282 7.00
3-bedroom 412,000 875 2.24% 3,745 7.00
Geo Milev apartments
1-bedroom 153,710 408 3.25% 2,222 6.01
2-bedroom 223,624 575 2.73% 2,428 5.52
3-bedroom 250,000 708 2.24% 2,514 4.69
Ivan Vazov apartments
1-bedroom 214,750 529 3.47% 2,718 7.85
2-bedroom 250,659 667 2.71% 2,754 6.21
3-bedroom 594,000 970 2.78% 3,099 7.18
Izgrev
1-bedroom 214,750 529 3.47% 2,718 7.85
2-bedroom 250,659 667 2.71% 2,754 6.21
3-bedroom 594,000 970 2.78% 3,099 7.18
Iztok
1-bedroom 205,711 499 3.82% 2,493 7.93
2-bedroom 298,932 823 3.62% 2,622 7.91
3-bedroom 471,150 1,569 4.46% 2,193 8.16
Lozenets apartments
1-bedroom 210,364 498 3.27% 2,704 7.37
2-bedroom 316,965 851 3.40% 2,604 7.37
3-bedroom 479,332 1,482 3.72% 2,492 7.73
Oborishte apartments
1-bedroom 197,114 482 3.18% 2,811 7.46
2-bedroom 290,170 735 3.06% 2,732 6.96
3-bedroom 504,052 1,303 2.73% 2,875 6.55
Yavorov apartments
1-bedroom 247,200 417 2.34% 3,668 7.16
2-bedroom 249,201 498 2.51% 2,449 5.12
3-bedroom n.a. 663 n.a. n.a. 5.89
SOFIA SUBURBS and VITOSHA MOUNTAIN AREA
Boyana apartments
1-bedroom 160,440 438 4.07% 1,818 6.16
2-bedroom 279,910 962 3.12% 1,873 4.87
3-bedroom 350,451 1,220 4.18% 1,881 6.55
Dianabad apartments
1-bedroom 155,385 400 3.74% 1,956 6.1
2-bedroom 199,712 595 3.44% 1,966 5.64
3-bedroom 302,125 731 3.35% 1,520 4.24
Dragalevtsi apartments
1-bedroom 158,059 451 4.49% 1,753 6.56
2-bedroom 210,181 945 5.69% 1,794 8.5
3-bedroom 360,477 1,255 4.81% 1,537 6.16
Simeonovo apartments
1-bedroom 134,267 376 3.85% 1,769 5.68
2-bedroom 236,741 828 4.05% 1,903 6.42
3-bedroom 310,064 2,233 6.92% 1,712 9.87
Ski Resorts
Bansko apartments
1-bedroom 49,618 350 6.61% 711 3.92
2-bedroom 69,501 235 6.56% 712 3.89
3-bedroom 128,825 n.a. n.a. 718 n.a.
BLACK SEA COAST
Bansko apartments
1-bedroom 56,923 406 9.19% 871 6.67
Sveti Vlas apartments
1-bedroom 71,088 500 12.14% 1,008 10.2
2-bedroom 105,012 792 11.95% 1,000 9.96
3-bedroom 192,694 n.a.  n.a.  1,292 n.a.
All yields are gross - i.e., before taxes, repair costs, ground rents, estate agents fees, and any other costs. Net yields (what you´ll really earn) are typically around 1.5% to 2% lower.
Source: Imoti and Mirela Definitions: Data FAQ See also: Update Schedule

Sofia has moderate gross rental yields - i.e., the rental return on a property if fully rented out, before all expenses. Yields in the centre vary from around 4% to around 6.0 %.

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.

For those who are really chasing yields, Studenski Grad apartments may be worth considering, with gross rental yields of 7% for the smaller sizes.

We aren´t able to provide yields in Bulgaria´s beach and ski areas, because rents in these areas are highly seasonal.

Transaction costs in Bulgaria are moderate, and more or less evenly split between buyer and seller. See our Round trip transaction costs on residertial property purchases in Bulgaria and Transaction costs in Bulgaria on residential property compared to the rest of Europe

 

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