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Demand for renting newly-constructed apartments in the capital Sofia

Posted by writer on Aug 24, 2008

As the autumn is coming and a new, strong season for the rental market is on the doorstep, the shortage of studio and one-bedroom apartments for rent is becoming sensible. As a result of the construction boom in the capital, most of the apartment units that are now offered for letting come from such new blocks and gated complexes. This is so because most of these properties were bought as an investment and now their owners are willing to make a profit. However, most of the apartments that are on the rental market are large and require more money for maintenance and bills. The small and medium-sized apartments for rent on the other hand are easier to keep and much cheaper to maintain and as the demand is so strong, the rent per month is going up with 10 to 15 % every six months.

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September 27th, 2009 | 10:37 am
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