Bulgaria Ski discussion board
Rental apartments in bansko
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posts : 13 (Beginner)Date : 02-19-06 19:03Rental apartments in bansko
has anyone got good info on the reality of renting out your apartment in bansko.we are thinking of buying there but need some rental income to make it all work.is 10 percent realistic , too high or too low ?re: Rental apartments in bansko
Absolutely no chance of obtaining 10% for the next few years.
I have made less than 2% yield this year, a year where there are only a few developments completed. Next year a huge number of apartments will be completed so I expect the yield to fall. In the short term the rental will not even cover the maintenance/management fees.
There is also no resale market at the moment, so if you buy you will have no exit for several years I guess.
Would only recommend buying if you have the cash ...
I have made less than 2% yield this year, a year where there are only a few developments completed. Next year a huge number of apartments will be completed so I expect the yield to fall. In the short term the rental will not even cover the maintenance/management fees.
There is also no resale market at the moment, so if you buy you will have no exit for several years I guess.
Would only recommend buying if you have the cash ...
Absolutely no chance of obtaining 10% for the next few years.
I have made less than 2% yield this year, a year where there are only a few developments completed. Next year a huge number of apartments will be completed so I expect the yield to fall. In the short term the rental will not even cover the maintenance/management fees.
There is also no resale market at the moment, so if you buy you will have no exit for several years I guess.
Would only recommend buying if you have the cash and you view it as being bought for personal use only and a long term investment, that doesn't pay for itself!
BanskoBoy
I have made less than 2% yield this year, a year where there are only a few developments completed. Next year a huge number of apartments will be completed so I expect the yield to fall. In the short term the rental will not even cover the maintenance/management fees.
There is also no resale market at the moment, so if you buy you will have no exit for several years I guess.
Would only recommend buying if you have the cash and you view it as being bought for personal use only and a long term investment, that doesn't pay for itself!
BanskoBoy
