European Parliament Passes Law to Restrict Cash Payments to €10,000
The European Parliament has voted to impose a €10,000 limit on cash payments within the European Union
Bulgaria is ranked eighth in Europe in income from rented property, the online edition simplybusiness.co.uk reports, referring to WorldFirst payment group calculations.
The average income in our country reaches 5.77%.
Leader in Europe is Ireland with an income of 7.08%. Malta is second with 6.64% and Portugal with 6.43% is third.
The top 10 is complemented by the Netherlands, Slovakia, Belgium, Turkey, Cyprus and Hungary.
At the bottom of the list is Sweden with an average rental income of 3.03%. Croatia and France are just ahead of it with 3.82%.
For 12 months, Britain recorded the strongest decline in ranking - 10 positions to 25th with an average rental income of 4%. The reason - the "challenging environment" for homeowners, such as tax deductions for rented dwellings, and tax cuts in a deal to curb speculation because of housing shortages in major cities in the country.
Tightening the requirements for buyers of mortgage lending, investors face the vague prospects of Brexit, which is still under negotiation.
According to Edward Hardy of WorldFirst, the worsening dynamics of the UK's rental market sounds like a signal for a further slowdown in housing markets.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
The real estate sector in Sofia has shown resilience in the face of ongoing pandemic challenges, maintaining stability across all segments in the first quarter of the year
As of 2022, the count of fellow countrymen who purchased real estate overseas reached 2,154, based on data from the National Revenue Agency referenced by "Telegraph"
New data from the National Statistical Institute (NSI) sheds light on the housing landscape in Bulgaria, painting a picture of the majority of Bulgarians residing in older homes.
Bulgaria has witnessed a remarkable surge in home loans at the beginning of the year, with loans for households for the purchase of houses and apartments reaching a record high of BGN 20.52 billion by the end of February
The housing market in Bulgaria witnessed mixed trends in the fourth quarter of 2023, with overall prices experiencing a modest increase of 1.2%
Bulgaria witnessed a staggering surge in mortgage loans in 2023, totaling a monumental BGN 6.39 billion
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022