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Bulgaria – Property Rental Prices

Rental prices in Bulgaria vary depending on location, size, and quality of the property. On average, rental prices in the capital city of Sofia range from 600 to 1,500 BGN (Bulgarian lev) per month. However, in more upscale areas, such as Vitosha and Lozenets, rental prices can reach up to 2,000 BGN per month.

Apartments in Bulgaria’s popular tourist destinations, such as Sunny Beach and Varna, have lower average rental prices, ranging from 400 to 800 BGN per month. These areas, however, may experience an increase in rental prices during the summer months, due to the high demand from tourists.

Rental Caps in Bulgaria

There are currently no rental caps in place in Bulgaria. Rent prices are determined by market demand and supply, as well as the location and condition of the property.

Deposit and Return Rules in Bulgaria

When renting a property in Bulgaria, the typical deposit is equivalent to one month’s rent. This deposit is held by the landlord or property manager as a form of security during the tenancy.

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At the end of the tenancy, the deposit should be returned to the tenant within 14 days if there are no damages to the property or unpaid bills. If there are damages or unpaid bills, the landlord may deduct the cost of repairs or bills from the deposit. However, the landlord must provide receipts or invoices for these costs and must also inform the tenant of the deductions.

Changes in Price and Availability of Rentals in Bulgaria

Rental prices and availability in Bulgaria may change depending on the time of year. During the summer months, there may be a higher demand for rental properties in popular tourist destinations, leading to an increase in rental prices.

Additionally, rental prices may also be affected by the overall state of the economy and job market, as well as local real estate market conditions. In general, rental prices tend to increase in areas with a strong economy and job market, as well as areas with limited housing supply.

The rental market in Bulgaria may also be affected by seasonal fluctuations, with rental properties being more available in the off-peak months and more in demand during the summer months. This may result in a decrease or increase in rental prices depending on the demand for rental properties.

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