New-build houses in Sofia’s Boyana district

 
BULGARIA / SOFIA / BOYANA DIST.
INVALID LISTING
  • Location: Bulgaria, Region Sofia, Sofia, dist. Boyana, Vitosha mountain MAP
  • Development: Residential BROCHURE
  • Unit types: Houses, Villas, Townhouses
  • Unit sizes: 0 sq.m FLOOR PLANS
  • Development status: Under construction
  • Planned completion: August 2016
  • Ownership: Freehold 
  • Rental return (p.a.): 6-7% (estimated)
  • Capital appreciation (p.a.): 7%
  • No commission
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Complex/building features

  • Total number of units 0
  • Total floors 4
  • Type of construction Reinforced concrete structure

Distances

  • Airport 17 km to 
  • Distance to centre of the town/city 6 km

Rental income features

  • Rental demand in the area High
  • Who will rent Local people
  • Unit finishing in order to rent Unfurnished
  • Rental management fee 20% of the rental
  • Annual rental income 6-7% (estimated)

Taxation

  • Annual local tax/council tax (approximate) 400-500 ˆ
  • Capital gains tax/profit tax on resale 10% if resold before year 5; 0% if the sale has been executed after the fifth year of receiving an ownership
  • Tax on rental income 10%
  • Inheritance tax 0%
  • Tax return management Accountant

Exit strategy

  • Resale Possible after completion
  • Easy exit High demand - very easy
  • Resale management/consultant Local estate agent , Stonehard
  • Who will buy Local people

*Please note that exit or resale of property depends on market conditions.

Unit/apartment features

  • Finishing Bulgarian standard
  • Furnishing Unfurnished
  • Heating Gas heating system

Additional purchasing costs

  • Total additional costs 5%

*These are the total additional costs that Buyer must pay on top of the purchase price. These include notary fees, stamp duty/local tax, solicitor's fees and may also include other costs that are typical for the country where the property is located.

Capital appreciation (p.a.)

  • Expected price increase of the property* 7%

*Quote is based on historic facts, market analysis and monitoring of local trends on the market.
*Resale price is fully depending on market conditions. Resale price is not guaranteed.

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