Call
Send Email
Messenger
WhatsApp
Mihail Chobanov: Investment in a property is the most well-known and secure
The founder and owner of BULGARIAN PROPERTIES took part in the Personal Finance panel on the first day of the "Sound of Money" forum. See what he told the audience at the forum:
The investment in a property, whether it is an apartment, an office or land, is the best, well-known and secure investment. You can see it, touch it, so it is among the most sought-after, said Mihail Chobanov founder and owner of BULGARIAN PROPERTIES, during the Personal Finance panel within the first day of the Sound of Money forum 2018.
If we have to talk about an alternative to bank deposits, it's the best one can do, no matter the currency and the size of the amount.
According to Chobanov, the yield that can be achieved is between 3 and 6%, which is the normal range of annual returns. But even if you borrow a loan and calculate the interest, you are guaranteeing long-term profitability, the expert said.
To invest in a property, it is not always necessary to have the full amount. Apart from a bank loan, you have the option of co-operating with another investor, which will also bring profitability and investment opportunity, Chobanov said.
If you have 20,000 BGN or 10,000 euros, however, this is a sufficient amount for self-participation in such an investment, after which you can withdraw credit to finance it.
According to Chobanov, foreigners are interested in investing in Bulgaria only in their known places - the sea and mountain resorts. At present Sofia and the big cities are not in their interest, but what stands out as a trend is the purchase of a property for their children who choose to study in the capital.
On a question about iconic large private investments, Chobanov said that there are none of them lately, but the company that he manages in the last 15 years had two deals with customers in the top 100 of Forbes before the last prices peak.
Attractive selection of properties in Sunny Beach and the neighboring resorts
Attractive selection of properties in Ski resorts in Bulgaria
Find the latest offers in Sofia
Sell your property with us!
Read more news
More News
After a rapid increase in house prices in these cities, we are seeing a slight slowdown in growth rates by between 2 and 5 percentage points compared to those of the end of last year.
The fastest price growth continues in Varna, where growth accelerated only after mid-2022 and currently remains at levels close to 20%, while in Plovdiv and Burgas we report an annual growth of around...
2024 kicked off with a dynamic property market in Bulgaria, and this activity was sustained throughout the first quarter, making it one of the strongest quarters in housing market history. This was confirmed by data from the Registry Agency, which showed an increase in sales volumes in the country's leading markets.
This year, the market switched into a higher gear. T...
Spring is here, bringing new opportunities in the real estate market!
March was a month full of property transactions, reinforcing market activity and allowing us to successfully conclude the first quarter of the year. We witnessed significant movement not only in the major cities but also in our favorite seaside and ski resorts. Additionally, the season for buying rural houses is i...
We are proud to announce the opening of our new office in the city of Dupnitsa, located at Knyaz Boris I Street, No. 1, Floor 1.
This strategic move is part of our mission to be as close as possible to our customers and to provide high quality local service for both buyers and sellers.
In our new office, clients will be able to take advantage of the ful...
