Buyers Look for Well-Kept Properties
The crisis made the great many properties on the market to compete, as often buyers choose between properties with similar prices, parameters and locations. It’s a fact that it is the well-kept and best looking properties that attract most attention – and this is not true only for the interior of the properties but also for their exterior, their entrances and the environment. This means that well-kept and well-managed properties definitely have a bigger chance of being sold faster and at a better price, especially at a time of crisis and property price drop.
Property management was not something owners used to appreciate while the market belonged to the sellers and all properties were sold fast and at constantly increasing prices. For example, foreign buyers never buy apartments in blocks whose entrances and exterior are in a bad condition. They are not considered a good investment, foreign buyers are even afraid to enter such blocks.
Regarding holiday homes – at present it is only apartments and houses which are in developments with good property management and renting out services that are being sold. There are no buyers for properties in blocks without property management and renting out services, even if they are sold at very low prices. Moreover, there is no possibility to rent the property out and get return from the investment if there is no professional management of the complex. In this sense the management of holiday homes is a key factor for the success and realization of any development.
---
Copyright: 2010 Bulgarian Properties Ltd. All rights reserved. For further information or advice please contact us on tel.: +359 2 9 11 50 or e-mail: info@bulgarianproperties.com. The use of this article by third parties is allowed only with proper quotations of the source www.BulgarianProperties.com and the Author of the article. The data in this material has been collected by the Author and Bulgarian Properties Ltd. and is presented for information purposes only. We have made every effort to ensure the accuracy of the data. However, Bulgarian Properties Ltd. cannot be held responsible for loss or damage as a result of decisions made based on the information presented in this article.
© Bulgarian Properties Ltd. 2010
Read more news
More News
🏆🌊 AGENTS OF JULY 2020
🌞 Summer is already in full swing, and the 🏘 real estate market in Bulgaria is also a hot place!
The activity has increased and we are now convincingly returning to the pre-crisis volumes of sales, this time the interest is not only in Sofia and the big cities, but to the whole of Bulgaria, including the sea and m...
At the moment - in June, the property market is quite active, the crisis seems to be behind us. At least that is what the behavior of the market participants shows. Overall, there is quite a good activity and it's as if we're back at the beginning of the year.
People who inquired about properties in early March are now returning to those same properties and are buying ...
Life is gradually restarting and we are witnessing an increased interest to Bulgaria 🇧🇬 as a country with very few 🦠 coronavirus cases and the Bulgarian 🏘 real estate market as one of the most attractive and affordable in Europe.
From strongly negative, the forecasts have began to become more optimistic. The current crisis has had a healing effect on ...
Bulgaria plans to lift an obligatory 14-day quarantine from June 1 for travellers from most European Union countries, but not those states with the biggest coronavirus outbreaks, a senior health official said on Friday.
The quarantine will remain obligatory for travellers from Sweden, Belgium, Ireland, Portugal, Spain, Italy and Malta, the official said, as well as the UK, which is ...
