Comments on: French Property Prices to Fall Everywhere in 2009 http://internationalpropertyinvestment.com/french-property-prices-to-fall-everywhere-in-2009 Property Investment around the World - Buying Investment Properties Fri, 14 Oct 2011 16:38:56 +0000 hourly 1 By: Mark Knowles http://internationalpropertyinvestment.com/french-property-prices-to-fall-everywhere-in-2009#comment-18632 Mark Knowles Tue, 27 Jan 2009 14:51:02 +0000 http://internationalpropertyinvestment.com/?p=1289#comment-18632 Who do you think you are kidding? Bulgaria is facing the same issues as the rest of the market. Perhaps worse because of a lack of domestic demand. Bulgaria relied almost 100% foreign investment and demand. The bottom has fallen completely out of the market, property funds have canceled projects and there is a glut of unsold apartments. How long until the IMF is called in? If you are clever enough to get your customers to pay E1500 a month rent for a E200K apartment that will be worth E100K by the end of the year, good luck to you. Who do you think you are kidding?

Bulgaria is facing the same issues as the rest of the market. Perhaps worse because of a lack of domestic demand. Bulgaria relied almost 100% foreign investment and demand. The bottom has fallen completely out of the market, property funds have canceled projects and there is a glut of unsold apartments. How long until the IMF is called in?

If you are clever enough to get your customers to pay E1500 a month rent for a E200K apartment that will be worth E100K by the end of the year, good luck to you.

]]> By: Real Estate Investment in Bulgaria http://internationalpropertyinvestment.com/french-property-prices-to-fall-everywhere-in-2009#comment-18631 Real Estate Investment in Bulgaria Tue, 27 Jan 2009 14:35:55 +0000 http://internationalpropertyinvestment.com/?p=1289#comment-18631 Of course I am. And I know what I am talking about. There is no such thing as 100 euros a month rent in Sofia. My customers are paying 1500 and more for three br. 1000 euros is very conservative estimate for sought after areas. Of course I am. And I know what I am talking about. There is no such thing as 100 euros a month rent in Sofia. My customers are paying 1500 and more for three br. 1000 euros is very conservative estimate for sought after areas.

]]> By: Mark Knowles http://internationalpropertyinvestment.com/french-property-prices-to-fall-everywhere-in-2009#comment-18596 Mark Knowles Mon, 26 Jan 2009 13:27:55 +0000 http://internationalpropertyinvestment.com/?p=1289#comment-18596 :lol: You must be an estate agent in Bulgaria. you would be lucky to get E 100 a month - the bottom has fallen out of that particular market in a big way. http://internationalpropertyinvestment.com/bulgarian-property-bubble-bursts :lol:

You must be an estate agent in Bulgaria.

you would be lucky to get E 100 a month – the bottom has fallen out of that particular market in a big way.

http://internationalpropertyinvestment.com/bulgarian-property-bubble-bursts

]]> By: Bulgaria Investment Property http://internationalpropertyinvestment.com/french-property-prices-to-fall-everywhere-in-2009#comment-18595 Bulgaria Investment Property Mon, 26 Jan 2009 13:13:07 +0000 http://internationalpropertyinvestment.com/?p=1289#comment-18595 The french daily Le Monde reports on 20. 01. 2009 the following story. A couple from Lyon put their 73 sqm two bed apartment for sale last summer for 237000 euros. The best offer they could get was 200K, so they decided to rent the place instead for 760 euros. That's under 4% annual yield. Now, let's see how do you invest 200K nowadays in the EU. How about East, the new Europe. 200000 euros buys you a 180 sqm three bed in Sofia, Bulgaria. Rental income? 1000 euros, to be conservative. The french daily Le Monde reports on 20. 01. 2009 the following story. A couple from Lyon put their 73 sqm two bed apartment for sale last summer for 237000 euros. The best offer they could get was 200K, so they decided to rent the place instead for 760 euros. That’s under 4% annual yield.

Now, let’s see how do you invest 200K nowadays in the EU. How about East, the new Europe. 200000 euros buys you a 180 sqm three bed in Sofia, Bulgaria. Rental income? 1000 euros, to be conservative.

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