|
| Now is the time to buy a home for the family |
|
|
For people who need a new home, now is the right time to make a deal, brokers are categorical. The reason for this is that housing will not become cheaper, and in the coming years it will continue to increase in price. There are two main types of buyers on the property market - families who want to improve their living conditions, and investors.
Most buyers are looking for a home for their family. And if they have the financial means, it is a good idea to immediately proceed with the transaction. As their income increases in the coming years, the repayment of the loan taken out now for the purchase of a home will become easier. And if the purchase is postponed in anticipation of higher incomes, it will turn out that property prices are also higher.
If a bank loan is also needed to purchase a property, a person should assess their financial capabilities very carefully. It is best for the family's loan payments not to exceed 35% of income. Some households, in addition to a mortgage loan, also take out a consumer loan, buying properties without a down payment. In these cases, they must assess their financial capabilities very carefully and whether they will be able to repay the loans for many years.
Favorable interest rates on bank loans are one of the main factors for the high demand for properties. Experience so far shows that after countries enter the eurozone, housing prices increase. Therefore, brokers are categorical that the same will happen in Bulgaria. The property market in the country is driven not only by local buyers, but also by Bulgarians abroad, as well as foreigners working in our country or wanting to acquire a vacation home.
When buying a new home, money must also be provided for repairs and furnishings, and the family must have some buffer of available money to use in unforeseen situations.
When buying a property for investment purposes, pragmatism comes to the fore when choosing a specific apartment. When choosing a home for the family, it is important for the buyer to imagine how he will live in the specific property for many years. Therefore, a number of factors are important, such as the distribution of rooms, the floor, the exposure, the quality of construction. When choosing for investment purposes, the ratio between the expected income and the price is more important. That is, what rent can be charged for the respective property and what are the expectations for an increase in housing prices in the respective area. For the quick rental of a property, the availability of convenient transportation is essential, as well as what the furnishings are. There is greater interest from tenants in housing near universities and key transport locations in the city. Demand is mainly directed towards new construction, panel buildings remain in the background, but with the increase in the cost of new construction, the prices of old apartments also increase. |
| Thursday, Mar 05, 2026 |
|
|
|
|
| » RENTALS |
|
|
|
| Industrial |
€ 255 |
|
| Location: |
Gorna Oryahovica |
|
|
|
