Call
Send Email
Messenger
WhatsApp
Mihail Chobanov: Investment in a property is the most well-known and secure
The founder and owner of BULGARIAN PROPERTIES took part in the Personal Finance panel on the first day of the "Sound of Money" forum. See what he told the audience at the forum:
The investment in a property, whether it is an apartment, an office or land, is the best, well-known and secure investment. You can see it, touch it, so it is among the most sought-after, said Mihail Chobanov founder and owner of BULGARIAN PROPERTIES, during the Personal Finance panel within the first day of the Sound of Money forum 2018.
If we have to talk about an alternative to bank deposits, it's the best one can do, no matter the currency and the size of the amount.
According to Chobanov, the yield that can be achieved is between 3 and 6%, which is the normal range of annual returns. But even if you borrow a loan and calculate the interest, you are guaranteeing long-term profitability, the expert said.
To invest in a property, it is not always necessary to have the full amount. Apart from a bank loan, you have the option of co-operating with another investor, which will also bring profitability and investment opportunity, Chobanov said.
If you have 20,000 BGN or 10,000 euros, however, this is a sufficient amount for self-participation in such an investment, after which you can withdraw credit to finance it.
According to Chobanov, foreigners are interested in investing in Bulgaria only in their known places - the sea and mountain resorts. At present Sofia and the big cities are not in their interest, but what stands out as a trend is the purchase of a property for their children who choose to study in the capital.
On a question about iconic large private investments, Chobanov said that there are none of them lately, but the company that he manages in the last 15 years had two deals with customers in the top 100 of Forbes before the last prices peak.
Attractive selection of properties in Sunny Beach and the neighboring resorts
Attractive selection of properties in Ski resorts in Bulgaria
Find the latest offers in Sofia
Sell your property with us!
Read more news
More News
Summer is in full swing, and the property market continues to prove that the right listings make all the difference! ☀🏡
July brought important market data and sparked wide discussion about the future direction of transaction volumes and property prices. The market is entering a more balanced phase, buyers are becoming more cautious, and their choices are increasingly s...
This partnership combines the ambitious vision of OKOL Lake Park with BULGARIAN PROPERTIES’ many years of experience and international client network.
We are pleased to announce that BULGARIAN PROPERTIES has become a partner of OKOL Lake Park for the sale of apartments in the complex.
This new partnership brings together one of the most impressive new re...
According to industry data, the number of real estate transactions in Bulgaria has decreased by between 15 and 20% nationwide, but this has not led to a drop in prices. On the contrary—they have risen by about 25% year-over-year, Polina Stoykova MRICS, Managing Director of BULGARIAN PROPERTIES, noted on “Good Morning, Europe.” According to her, buyers’ interest is increasingly focused on larger ho...
Summer is in full swing, and the property market in Bulgaria continues to offer excellent opportunities for those who stay informed and act at the right time.
June brought valuable market insights and in-depth analysis, confirming that the market is moving into a more balanced phase. Buyers are becoming more selective, supply is gradually increasing, and successful transactions inc...
