[size=75:361bfy8n]novinite 4 March 2010
Financial Crisis Forces Bulgaria Landlords into Flexible Rents
The financial crisis has made landlords in Bulgaria much more flexible, enabling clients to sign 3 month rental contracts, according to real estate company Address.
According to Address 11% of the rental deals made in January and February involved 3-month contracts rather than the usual 1 year contracts.
However, 2010 has allegedly seen a slight rise in rental prices from 2009, with the upper end of the market seeing prices between EUR 500-700 a month again.
Address also reported that lots of tenants have left the rental market as they attempt to take advantage of the ever decreasing sale prices of real estate.