Experts Recommend Buy to Let for Properties in Bulgaria
The credit insulation, Creditex, reported that the prices of the residential properties in Bulgaria are decreasing faster than the rents, based on information provided by agencies for real estates. So expert recommend buy to let.The Creditex experts announced that the co-relation between both prices is important reference point for the Bulgarian market for real estate. 4,5 % in the first half of 2009 is the average current residential properties profitability, while in the last six months of 2008 it was 4,1%.
The redeemability of such investment is measure through the so called "gross rental multiplier". It shows the number of month rents, by which the investment will be returned. The lower the index is, the better the redeemability is, and the faster the investment will be returned.
The index for the first six months of 2009 is 209,4 months - a decrease from 237,3 months in the second half of 2008.
The reasons for the increasing redeemability of residential properties are the lack of adequate financing from the financial institutions, which makes the prices go down, and the rise of the interest towards renting apartments, instead of buying them.
The increase of the current residential properties profitability since the beginning of 2009 shows that the most critical moment of the real estate crisis is may be passing, and the first signs of realties market recovery and stabilization are appearing, experts form Creditex commented.
Creditex is non-bank, financial institution, specialized in business mortgage crediting, which has been on the market five year now. It is part of the registered in Holland, TBI Financial Services B.V.
Aww our Kiki!! This lady is smart , efficient, knowledgeable with a big heart ??. I took my two children on holiday travelling Bulgaria and we went house hunting on one of the days which was super fun!! Kiki and her friend were amazing with the kids getting them involved and us 3 picked a lovely little old farm in a lovely village. The thing that stands out about Kiki is she is not pushy. She will not sell you to profit herself but wants you to take your time to find the best option for you. She is a kind soul and I won’t buy from anybody else a little. Happy house hunting guys - the value for money over there is absolutely amazing, the people are so friendly, the food and drink is great and some of the scenery is breathtaking ?? . Thanks again for all you’ve done with our little house /kushta xx
— Danielle, England