Evelina Kostakeva has been working in real estate business for over 12 years now. In 2011 she joined Unique Estates’ team and over the years she has been awarded many times for excellent results in the company. Her high performance at work granted her the opportunity to take part in the prestigious Luxury Portfolio International Summit in January 2018 in Las Vegas, USA. At the second "Annual Awards of imoti.net" Evelina Kostakeva took the prize for "Real Estate Broker of the Year" in rent category.
We are here to ask her more about the market of investment properties in our country and the reasons for the registered growth in the number of contracts with this type of real estate.
What are the reasons for the increased demand of investment properties?
The investment properties market has been extremely active over the past year. There are several reasons for the registered high demand. On one hand, these are the low interest rates on bank deposits and the favorable conditions that banks offer to those in need of loans for the purchase of property. This, along with the eternal belief that investment in a property remains one of the safest ways to invest savings, which over the years brings good returns, has made this market so active lately. Rental rates have been stable over the last 5-6 years, which suggests a good return on this type of investment in the future. In the current market situation, for certain properties it reaches levels of 6-7% per year.
Are all properties on the market suitable for investment and how does a client make the right choice?
In this situation, an experienced consultant plays a key role in suggesting the proper location, type of construction and property, which will not only preserve but also significantly increase its value over the years. A good consultant can also very accurately estimate and calculate the percentage of the return on investment of a real estate.
What are the properties in Unique Estates’ portfolio that are considered investment properties?
At Unique Estates we offer quite a lot of projects which are considered as good investment properties, but the hottest one we sell these days is a closed residential complex, located at the foot of Boyana neighbourhood. The apartments there are already a developed business, with an average yield of over 7% per year. Payment plans are flexible and properties are a great investment opportunity