Bulgaria Ski discussion board
Grand Monestary Pamporovo
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posts : 13 (Beginner)Date : 04-04-09 10:09Grand Monestary Pamporovo
Hi,
Is anyone familiar with this new building complex?
We have a appr 50 square meter new top floor apt with, belcony - and this is the first season we have it on the letting market. For this purpose we use a management company.
The stated estimated annual level of revenue from letting should be around 5% of purchase price, according to the seller (!?). Does anyone here have concrete exeprience of letting from the same area or building - as to how much we realistically should be ...
Is anyone familiar with this new building complex?
We have a appr 50 square meter new top floor apt with, belcony - and this is the first season we have it on the letting market. For this purpose we use a management company.
The stated estimated annual level of revenue from letting should be around 5% of purchase price, according to the seller (!?). Does anyone here have concrete exeprience of letting from the same area or building - as to how much we realistically should be ...
Hi,
Is anyone familiar with this new building complex?
We have a appr 50 square meter new top floor apt with, belcony - and this is the first season we have it on the letting market. For this purpose we use a management company.
The stated estimated annual level of revenue from letting should be around 5% of purchase price, according to the seller (!?). Does anyone here have concrete exeprience of letting from the same area or building - as to how much we realistically should be able to obtain in terms of revenue, and moreover, the best way to market the offer?
Is anyone familiar with this new building complex?
We have a appr 50 square meter new top floor apt with, belcony - and this is the first season we have it on the letting market. For this purpose we use a management company.
The stated estimated annual level of revenue from letting should be around 5% of purchase price, according to the seller (!?). Does anyone here have concrete exeprience of letting from the same area or building - as to how much we realistically should be able to obtain in terms of revenue, and moreover, the best way to market the offer?
re: Grand Monestary Pamporovo
Let me just add that we 100% appreciate the current market conditions in the region:1) No resellers market in sight over the next years
2) Oversupply and price erosion
3) Rapidly slowing tourist market
4) Risk of fraud and corruption
Still, we need to make the best out of the situation.
re: Grand Monestary Pamporovo
If you get 5% I will eat my hatre: Grand Monestary Pamporovo
Thanks,Can you please substantiate your view based on examples etc?
re: Grand Monestary Pamporovo
because all the developers promise that. Given the glut of apartments fewer people going to pamps etc i think its realy unlikely. look on rental websites and check availability and you will see very few with any bookings. maybe in a few years when and if the new perelik project and the road to greece etc are completed. Hopefully i am wrong but I wouldnt count on the income covering your mortgage if your lucky you will get enough to cover your maintenance payments etc
re: Grand Monestary Pamporovo
Mr Norway, I also have apt there and have managed to let it out for 3 days this year! That was using the manager instead of a letting agent.
Friend of mine has apt next door in Mon3 and makes VERY little profit from using a letting agent. The area has not long been completed and will take a year or two to become established. Obviously, that also depends whether the resort as a whole will get its arse in gear! At the moment the disadvantage are the taxis charging 20 lev to go into town which ...
Friend of mine has apt next door in Mon3 and makes VERY little profit from using a letting agent. The area has not long been completed and will take a year or two to become established. Obviously, that also depends whether the resort as a whole will get its arse in gear! At the moment the disadvantage are the taxis charging 20 lev to go into town which ...
Mr Norway, I also have apt there and have managed to let it out for 3 days this year! That was using the manager instead of a letting agent.
Friend of mine has apt next door in Mon3 and makes VERY little profit from using a letting agent. The area has not long been completed and will take a year or two to become established. Obviously, that also depends whether the resort as a whole will get its arse in gear! At the moment the disadvantage are the taxis charging 20 lev to go into town which is only 1.5 miles.
IMHO the worry/risk of theft and vandalism far outweighs the amount of income gained. Sorry.
Friend of mine has apt next door in Mon3 and makes VERY little profit from using a letting agent. The area has not long been completed and will take a year or two to become established. Obviously, that also depends whether the resort as a whole will get its arse in gear! At the moment the disadvantage are the taxis charging 20 lev to go into town which is only 1.5 miles.
IMHO the worry/risk of theft and vandalism far outweighs the amount of income gained. Sorry.
