Finding Deals On Sunny Beach Properties

Where else, in this market, are you going to find a 5% yield

? Even bank accounts only pay about 1%, if you are lucky. Consider the tax advantages, and you will quickly see that buying property in Sunny Beach can bring you a monthly cash flow as well as significant yields.

There are several things to consider when looking at Sunny Beach properties. Of course, the use you plan for the property is paramount. Will you be using it for yourself, or letting it to holidaymakers?

If purchasing for your own use, will this be a second home, or do you plan to retire to this location, now or in the future? Properties to be let are best purchased in high-traffic areas where the flow of tourists is greatest. However, if you plan to buy a property for your own use or retirement, you will likely be happier with something that is a bit more off the beaten path, where you can enjoy quiet nights and peaceful surroundings.

Look for a property that is just a bit bigger than you think you will need. Whether for investment use or personal use, size does matter. That does not mean you should buy a villa when you had your eye set on a one-bedroom flat in town. Nevertheless, especially for rental properties, an extra bedroom or bath can maximise profits and income stream. You may actually price yourself out of the market by buying too small a property. While some people will let a larger property than they will need simply to have more space, very few people rent smaller properties.

Bulgaria properties are showing increased interest due to the low cost of living, clean air and water, and friendly, helpful locals that make visitors feel welcome. People still take holidays, even during tough economic times, but they do look for places that are not so expensive, and Bulgaria tops the list. With its beautiful beaches and mountains, along with wonderful food and a host of activities, it is a wonder more people have not discovered the perfect location along Sunny Beach and in Sofia.

Begin looking early for your Bulgaria property. See what is out there, and keep an eye on the five to ten properties that interest you the most. Yes, one or two are likely to be sold while you wait, but look up the sales information after it has closed so you get an idea of the true cost of owning some of these properties.

You are likely to find it exceptionally reasonable. Then, follow your remaining properties with an eagles eye, and rank them in order from your favourite to least favourite. You are likely to see one or more of them at bargain prices after a bit, and that is when you can make your move.

by: James P Martin

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