Average Rental Yield In Bulgaria Declines

Property prices in Bulgaria are rising faster than rent rates, which is bringing rental yields down.

Gross rental yield was at 5.87% at the beginning of July. At the moment it is down to 4.62% (for medium size properties in Sofia).

This ranks Bulgaria 44^th among 69 countries surveyed by Global Property Guide.

Moldova's capital Kishinev tops the list with rental yield at 14.17%.

Cairo is second with 12%, followed by Jakarta (11.7%) and Metro Manila (10.99%) in the Philippines.

It is interesting to note here than Macedonia's capital Skopje occupies the sixth sport with average yield in the amount of 10.11%.

Another city with return above 10% is Peru's Lima (10.09%).

Sofia is followed by Geneva (Switzerland) and Berlin (Germany) with 4.8%.

Even Tokyo comes before Sofia in the chart. Average return in the Japanese capital is at 4.85%.

Sofia is preceded by the capitals Romania and Poland. Bucharest is 31^st with return at 5.54% and Warsaw is 30^th with 5.95%.

Istanbul boasts 6.47% and 27^th place in the list.

Taiwan (2.38%) and Andorra (2.19%) come last in the chart.

The survey compares rental returns for properties of about 120 sq meters in bigger cities in 69 countries around the globe.