Global Property Guide

Financial Information for Residential Property Buyers


Rental yields are moderately good in Sofia, Bulgaria

Last Updated: September 13, 2018

Last Updated: Aug. 13, 2018
SOFIA CENTRE COST (€) YIELD (p.a.) PRICE/SQ.M. (€)
TO BUY MONTHLY RENT TO BUY MONTHLY RENT
Banishora Apartments
Studios 948 5.84 7.39% 88 0.54
1-bedroom 894 5.19 6.97% 83 0.48
2-bedroom 913 4.02 5.28% 85 0.37
3-bedroom 1,006 4.89 5.83% 93 0.45
Centre Apartments
Studios 1,216 8.11 8.00% 113 0.75
1-bedroom 1,560 6.91 5.32% 145 0.64
2-bedroom 1,663 7.09 5.12% 154 0.66
3-bedroom 1,650 7.28 5.29% 153 0.68
Doctor´s Garden apartments
1-bedroom 2,400 6.00 3.00% 223 0.56
2-bedroom 1,706 7.00 4.92% 158 0.65
Ivan Vazov apartments
1-bedroom 1,824 6.89 4.53% 169 0.64
2-bedroom 2,103 5.52 3.15% 195 0.51
3-bedroom 2,072 7.09 4.11% 192 0.66
Lozenets apartments
Studios 1,449 6.16 5.10% 135 0.57
1-bedroom 1,693 6.74 4.78% 157 0.63
2-bedroom 1,826 6.00 3.94% 170 0.56
3-bedroom 1,639 7.05 5.16% 152 0.65
Oborishte apartments
1-bedroom 1,506 6.58 5.24% 140 0.61
2-bedroom 1,628 8.15 6.01% 151 0.76
3-bedroom 1,697 6.76 4.78% 158 0.63
Yavorov apartments
1-bedroom 1,824 6.19 4.07% 169 0.58
2-bedroom 2,103 5.82 3.32% 195 0.54
3-bedroom 2,072 10.74 6.22% 192 1.00
SOFIA NEARBY SUBURBS
Belite Brezi Apartments
1-bedroom 1,212 5.26 5.21% 113 0.49
2-bedroom 1,293 4.55 4.22% 120 0.42
3-bedroom 1,247 4.59 4.42% 116 0.43
Borovo apartments
1-bedroom 1,270 5.66 5.35% 118 0.53
2-bedroom 1,186 5.12 5.18% 110 0.48
3-bedroom 1,358 5.57 4.92% 126 0.52
Dianabad apartments
Studios 1,308 5.81 5.33% 122 0.54
1-bedroom 1,138 6.92 7.30% 106 0.64
2-bedroom 1,203 5.42 5.41% 112 0.50
3-bedroom 1,213 5.36 5.30% 113 0.50
Dragalevtsi apartments
1-bedroom 920 4.88 6.37% 85 0.45
2-bedroom 1,167 6.26 6.44% 108 0.58
3-bedroom 1,161 7.38 7.63% 108 0.69
Geo Milev apartments
1-bedroom 1,460 5.58 4.59% 136 0.52
2-bedroom 1,277 5.02 4.72% 119 0.47
3-bedroom 1,330 5.61 5.06% 124 0.52
Izgrev apartments
1-bedroom 1,416 6.31 5.35% 132 0.59
2-bedroom 1,412 7.49 6.37% 131 0.70
3-bedroom 1,395 6.08 5.23% 130 0.56
Iztok apartments
1-bedroom 1,395 8.04 6.92% 130 0.75
2-bedroom 1,575 6.93 5.28% 146 0.64
3-bedroom 1,595 7.32 5.51% 148 0.68
Studentski Grad
1-bedroom 1,024 6.10 7.15% 95 0.57
2-bedroom 1,018 6.69 7.89% 95 0.62
3-bedroom 1,229 4.98 4.86% 114 0.46
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 moderately good gross rental yields - i.e., the rental return on a property if fully rented out, before all expenses. Yields in the centre are around 6.0 %. Yields a little further out are similar.

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. Though new developments being built here are increasing the stock of rental apartments, we find better yields here on the very smallest apartments, with yields stretching up to 6.4%. Two years ago we found that the very biggest apartments commanded exceptional yields at 8.4%. We weren´t able to gather enough data the last two years, but that may be worth investigating.

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

Comments

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

Login or Register to submit a comment!
In order to promote open and spam-free conversations, Global Property Guide moderates commetns on all articles. You can expect that your comment will be published within 24 hours.