staysofia.net

One of the main characteristics of the rental market in Sofia at the moment is connected with the fact that the monthly sum for rent is still far more acceptable than the monthly sum for covering a mortgage. As the current tendency is the apartment rent in Sofia to increase in the next months, the wisest thing is to sign contracts for long-term renting with fixed annual indexation of the rental sum. The highest demand is for middle-sized apartments with area ranging from 80 to 120 sq.m of living area that come with fitted kitchens or fully furniture package. The target group of tenants comprises of managers and business executives working in large well-established companies, investors and young families. There is also an increase in the demand of luxurious apartments and houses with more than three bedrooms, garden and good location. The real estate agents predict that the rentals in Sofia will continue to go up slowly and the increase will reach 15 %.