Bulgaria is one of the highly prospective countries for rental property investment
Bulgaria ranks seventh place or 6.04% in a total of 29 markets with incomes from rental property investment. This is according to data of World First, a UK-based foreign exchange company.
First place with an income of 6.54% is occupied by Ireland, where there has been a dramatic change on the real estate market income investment and from position 10 in 2015 Ireland’s income investments are in the first ranks now.
The Netherlands take second place with 6.35% and Portugal takes third with 6.33%.
The top 10 positions are filled in by Belgium, Hungary and Turkey with 6.32%, Malta 6.01% and Latvia 5.94%.
Great Britain, where rental property investment is the most preferable investment among the population, has become extremely popular due to the diverse stimulation methods and tax reliefs and takes 15th place with an income of 4.91%.
At the bottom of the chart is Sweden with 3%, Italy with 3.26% and France with 3.55%.
Ireland’s economy is the fastest growing in Europe and is sixth in growth - real estate property market in the world, the company’s report states. The company has continued to attract new investments and businesses, as well as new inhabitants, seeking new places to live.
The average rental price of a one-bedroom apartment in the larger Irish cities goes up to eleven thousand pounds per year (916 pounds per month). This has turned Ireland into the second most expensive country in Europe for renting out properties after Luxemburg, where the yearly expenses for rent reach an average of fourteen thousand pounds.
At the same time, the purchase of a one-bedroom real estate property in Ireland is 148 thousand pounds, a three-bedroom property is 285 thousand pounds, which is approximately the average European level.
In Bulgaria rental property investments have risen in the last year. Apart from the low taxes and the swiftness in closing a real estate property purchase, as well as the new offers on the market by construction companies with traditions in the business, of great importance are the companies, offering complete real estate management.
People tending to invest in properties and above all in real estate, are turning towards real estate companies, not only for consultations and for finding the most appropriate property for investment, but also for its management. The emergence of companies for short-term renting out and property maintenance, similarly to the American site airbnb.com, are looking at additional opportunities for the investors to choose the best method of letting their property out in order to guarantee its income.