Rental yields are moderate in Sofia, Bulgaria

Last Updated: Sept. 23, 2019
SOFIA CENTRE PRICE/SQ.M. (€) YIELD (p.a.) PRICE/SQ.FT. (€)
TO BUY MONTHLY RENT TO BUY MONTHLY RENT
Banishora apartments
1-bedroom 70,237 328 5.60% 1,073 5.14
2-bedroom 108,328 443 4.91% 1,048 4.88
3-bedroom 138,475 n.a. n.a. 1,013 n.a.
Centre apartments
1-bedroom 120,616 506 5.03% 1,549 7.09
2-bedroom 184,321 803 5.23% 1,686 7.54
3-bedroom 309,560 1,241 4.81% 1,942 8.37
Doctor´s Garden apartments
1-bedroom 144,750 454 3.76% 2,325 8.00
2-bedroom 194,250 745 4.60% 2,181 7.00
3-bedroom 365,000 n.a. n.a. 3,042 4.00
Ivan Vazov apartments
1-bedroom 180,320 797 5.30% 2,182 9.97
2-bedroom 272,154 n.a. n.a. 2,168 n.a.
3-bedroom 367,292 1,159 3.79% 2,052 6.60
Lozenets apartments
1-bedroom 141,208 n.a. n.a. 1,688 n.a.
2-bedroom 232,374 841 4.34% 1,783 7.14
3-bedroom 362,748 1,385 4.58% 1,910 7.16
Oborishte apartments
1-bedroom 119,615 501 5.03% 1,579 6.76
2-bedroom 215,746 882 4.91% 1,993 7.90
3-bedroom 334,114 1,695 6.09% 2,365 9.37
Yavorov apartments
1-bedroom 144,257 557 4.63% 2,004 7.34
2-bedroom 229,785 642 3.35% 2,045 6.59
3-bedroom 328,725 785 2.87% 1,977 6.68
SOFIA NEARBY SUBURBS
Belite Brezi apartments
1-bedroom 103,085 361 4.20% 1,247 5.24
2-bedroom 134,170 516 4.62% 1,195 5.26
3-bedroom 181,600 700 4.63% 985 4.59
Borovo apartments
1-bedroom 95,228 384 4.84% 1,332 5.47
2-bedroom 146,342 611 5.01% 1,274 5.44
3-bedroom 219,567 1,416 7.74% 1,208 5.21
Dianabad apartments
1-bedroom 87,190 444 6.11% 1,264 6.88
2-bedroom 145,359 675 5.57% 1,144 6.03
3-bedroom 232,326 700 3.62% 1,478 4.27
Dragalevtsi apartments
1-bedroom 90,511 391 5.18% 1,127 5.24
2-bedroom 140,230 622 5.32% 1,184 5.95
3-bedroom 205,627 1,195 6.97% 1,088 5.69
Geo Milev apartments
1-bedroom 96,481 372 4.63% 1,357 5.55
2-bedroom 149,206 508 4.09% 1,400 5.00
3-bedroom 199,839 706 4.24% 1,401 4.50
Izgrev apartments
1-bedroom 156,239 489 3.76% 1,784 6.15
2-bedroom 231,210 1,267 6.58% 1,862 9.99
3-bedroom 395,921 1,337 4.05% 2,084 7.78
Iztok apartments
1-bedroom 128,098 549 5.14% 1,868 7.54
2-bedroom 209,806 924 5.28% 1,756 7.79
3-bedroom 359,264 1,495 4.99% 1,621 7.55
Ski Resorts
Bansko apartments
1-bedroom 35,311 229 7.78% 529 2.60
2-bedroom 53,040 250 5.66% 568 3.71
BLACK SEA COAST
Bourgas apartments
1-bedroom 81,588 337 4.96% 1,183 4.93
2-bedroom 139,183 415 3.58% 1,235 4.53
Varna apartments
1-bedroom 80,010 355 5.32% 1,107 5.47
2-bedroom 113,353 434 4.59% 973 4.57
All yields are gross - i.e., before taxes, repair costs, ground rents, estate agents fees, and any other costs. Net yields (what you´ll really earn) are typically around 1.5% to 2% lower.
Source: Imoti and Mirela Definitions: Data FAQ See also: Update Schedule

Sofia has moderate gross rental yields - i.e., the rental return on a property if fully rented out, before all expenses. Yields in the centre vary from around 4% to around 6.0 %.

Doctor´s Garden, Ivan Vazov, Iztok and Lozenets are among the most sought after addresses in the centre. Embassies, museums and universities are located here. These areas also have many parks and green spaces, making them popular with expats.

In the southern part of Sofia in Vitosha Mountain (or in the vicinity) are prestigious suburban neighborhoods like Boyana and Dragalevtsi.

For those who are really chasing yields, Studenski Grad apartments may be worth considering, with gross rental yields of 7% for the smaller sizes.

We aren´t able to provide yields in Bulgaria´s beach and ski areas, because rents in these areas are highly seasonal.

Transaction costs in Bulgaria are moderate, and more or less evenly split between buyer and seller. See our Round trip transaction costs on residertial property purchases in Bulgaria and Transaction costs in Bulgaria on residential property compared to the rest of Europe