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Sofia 17th most desired European capital for property deals
Bulgaria’s capital – Sofia – is the 17th most preferred place for buying real estate among the other European capitals, residential property investor’s site Global Property Guide writes. According to the ranking the gross rental yield in Sofia is 4.74% which compared to the other European capitals is a relatively high figure.
According to the site among Sofia’s advantages is the pro-landlord tenant market, while the disadvantages include the high transaction costs and the not so excellent rental yields at the moment.
Global Property Guide’s long term investment rating is based on factors like gross rental yield, income tax, capital gains tax, potential landlord and tenant problems, long-term GDP growth, affordability, etc.
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Read about the real estate market in Sofia in 3Q 2011
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