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BULGARIAN PROPERTIES’ Advice to Companies When Buying and Renting Offices
At present there is a wide choice of offices and trade areas in the big cities around Bulgaria. Now is the right time for buyers and lessees of offices as they have a great variety to choose from and can use their strong position to negotiate with the sellers and lessors in order to get the best possible price. Therefore, BULGARIAN PROPERTIES’ office and trade areas specialists think that the situation on the market is suitable for investing in a business property or for renting a more luxurious property at a good price. Although we always follow the individual needs and requirements of our clients here are some pieces of advice that can be used as guidelines by all those interested in buying or renting an office:
1. Use the crisis as best as possible. A crisis on the real estate market does not happen often and it brings with it very good possibilities for property investments including in office and trade areas as well as for renting a better office of a higher class. There will always be demand for business and trade properties in the big cities and that is why they are a safe investment. Keep track of what is offered on the market in order to make the best deal.
2. Choose the right moment for buying or renting of an office. The falling of the prices does not happen in a flash. It is a process that takes at least a few months. You can follow the decrease of the prices and buy when they reach their lowest. It is hard to say when exactly the bottom is reached therefore turn for advice to your reputable real estate consultant. Choose the right moment to rent a better office at a better price.
3. Know your resources. Prices have decreased and it you are very likely to think that the resources you have can get you a much bigger and prestigious office. Yet do not overestimate your abilities but assess them well. Do not forget that owning an office means permanent expenses for maintenance and taxes. When you are renting an office bargain for the best price and sign a long-term agreement.
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Countact our Manager for Business and Commercial Properties, Sofia - Elena Terzieva
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More on the topic:
Bulgarian Business Properties Analysis – Offices and Shops Sales and Rentals 2009
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