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Brilliant Buys: Investing in Borovets - Strong Rental Market

Strong Rental Market

This increase in tourism all year round means that the potential for rental income is getting stronger; occupancy levels are already high throughout he winter season, but the golf courses and the additional tourist facilities that they will offer like hiking and riding will mean that summer rentals are also in demand. Concept Bulgaria who has constructed a number of luxury apartments in the area estimates that rental yields of 8% are achievable – far better than any UK savings account rates. Rental prices for two-bedroom apartments during the 12-week peak season can command prices of up to 550 Euros a week, dropping to around 300 Euros per week out of season.

Ideal Time to Invest

Overall, now is a very good time to invest in this area of Bulgaria. Prices are still low, but are set to rise on the completion of the Super Borovets project. The areas strong transport links with Sofia and its ability to grow tourism all year round means that it has a greater potential to attract higher real estate prices, thus mirroring the trend that the capital is currently experiencing.