bulgarianlettings.com http://bulgarianlettings.com Mon, 09 Jan 2012 16:42:37 +0000 en hourly 1 http://wordpress.org/?v=3.2.1 How to let your property in Bulgaria http://bulgarianlettings.com/how-to-let-your-property-in-bulgaria http://bulgarianlettings.com/how-to-let-your-property-in-bulgaria#comments Mon, 09 Jan 2012 14:53:49 +0000 http://bulgarianlettings.com/?p=4 Continue reading →]]> Over the property bonanza before the global crisis many investors purchased properties in Bulgaria hopping for a good rental return. The crisis has turned the whole investment world upside down and the vast majority of the Bulgarian property owners have found themselves trapped in an investment with no real rental potential and value a lot lower then  what they have paid for.

The demise of the most of the property agents and rental companied in Bulgaria have made the situation even worst leaving the property owners with extremely limited options for agents that could professionally  look after their properties.

Browsing the internet for property management companies in Bulgaria might lead to the impression that there are plenty of agents that offer such services, an in-depth research though will quite quickly get everybody to understand that the serious players are no more than 5. Unquestioned leader for properties in Sofia seems to be New Estate Bulgaria.Other companies that seem to be active amongst the foreign proeprty owners are Sofia Lettings and Casa Bulgaria.

The terms of business of most of the players are similar and vary from 10-15% monthly management fees plud one off tenanta placements fees in amount of the 50% of the monthly rent.

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