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Old 10-05-2008, 10:58 PM
want2invetinuae want2invetinuae is offline
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Join Date: Apr 2008
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Default Bonska Bulgaria

I have been adviced by a broker about buying an apartment in a 5* hotel in bonska with about 19000 euro rent net per anum based on 40% occupancy, considering its a ski resort and as such only seasonal ie 5months, therefore 40% occupancy means 100% occupancy during season. This is apparantly conservative estimate. This equates to 21% yeild per anum with 15% appreciation per anum. Does this sound reasonable and realistic. I am not sure about investing in Bulgaria as the laws are not as straight forward. Bonska is a seasonal resort rather than all year round. Any thoughts or info?
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