Bulgaria is in Top 10
23-11-2016

Bulgaria is in Top 10 of the most coveted markets for investment in properties

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The international company for money transfers World First put Bulgaria in the seventh place among the most attractive markets in Europe for property investment for renting purpose. 29 market intotal are included in the statistics.

Ireland is top ranked with yield of 6.54%, which last year was in 10th place, the second place is occupied by Netherlands with 6.35% and third is Portugal with 6,33%.

The markets that preceded the seventh position of Bulgaria are Belgium, Hungary and Turkey with 6.32%, the Bulgarian market ranks with 6.04%, after us stand Malta with6.01%and Latvia with 5,94%.

In the last places are the markets of Sweden with 3%, Italy with 3.26% and France with 3.55%.

The UK, where the investment in property for lent is the most preferred by the population, and in recent years its popularity has grown immensely because of a variety of incentives and tax breaks, is the 15th place with 4.91% yield.

Ireland is the fastest growing economy in Europe and the sixth most fast-growing market of real estate in the world, the company points out in his report. The company continues to attract new investments and businesses, as well as new residents who are looking for a place to live.

The information shows that the average rent for a one bedroom apartment in the major cities of Ireland reached 11 000 pounds per year. This makes Ireland the second most expensive country in Europe for rental housing in Luxembourg, where the annual cost of renting reaches an average of 14 000 pounds.

At the same time, buying a one-bedroom apartment in Ireland costs 148 000 pounds, and with three bedrooms – 285 000 pounds, which is about the average for Europe.

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