A friend is investing in a small apartment in a hotel resort in Sunny Beach, Bulgaria. Their spouse's friend already invested there a few years ago and highly recommended the investment.
The complex is 4 stars and looks very nice and modern in photos I've seen. The prices are also very low, around 60,000 EUR for a small apartment (≈1500 EUR per m²). I can see on hotel booking websites that stays there are over 1000 EUR a week.
He's planning to visit a couple times a year and rent it out for the rest of the time. I'm looking for an investment myself and am considering taking a plunge.
Has anyone invested here recently and how is it going? I've only found forum posts about Sunny Beach from 2005-ish here.
The complex is 4 stars and looks very nice and modern in photos I've seen. The prices are also very low, around 60,000 EUR for a small apartment (≈1500 EUR per m²). I can see on hotel booking websites that stays there are over 1000 EUR a week.
He's planning to visit a couple times a year and rent it out for the rest of the time. I'm looking for an investment myself and am considering taking a plunge.
Has anyone invested here recently and how is it going? I've only found forum posts about Sunny Beach from 2005-ish here.
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