Property Management In Bulgaria

Property investment in Bulgaria becomes more and more popular among Brits and other EU countries residents. Now that Bulgaria is a member of the European union, the investment has become less risky. The property market is going up for over 4 years now, but the prices are still much lower than the average in other EU countries. To make the best of your property investment in Bulgaria, you would need to find a reliable property management agent. The property management packages usually include 2 main scopes of services:

• Taking care of your property while you are away, incl. cleaning, laundry, payment of bills for electricity, water and telephone, payment of annual municipal and local taxes, regular inspections, etc. The prices for these packages range from 500 to 900 Euro per year, depending on the type of property and its location.
• Rent management. These services are provided for people, who are investing in "buy to let" properties (such as apartments in holiday resorts). The property management agencies organize the whole process of the renting: advertising the apartment, meeting the renters, organizing viewings, signing rent contracts, etc. The prices for this package are either percentage of the first rent (usually 50%) or percentage of each rent (usually 10 to 20%).

If you are planning to purchase a newly-built apartment in a sea or ski resort, you will also need assistance with the interior design and furnishing of your property. The property management agents might help you with that too. The prices vary depending on your requirements, but to make it suitable for renting, the repair works of a 100 sq.m flat will cost around 10,000 Euro.

Invest in apartments in Bulgaria. Profit from rents and property price increase. http://apartments.propertyinbg.co.uk/