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Financial Crisis Forces Bulgaria Landlords into Flexible Rents
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Address also reported that lots of tenants have left the rental market as they attempt to take advantage of the ever decreasing sale prices of real estate. Photo by BGNES
The financial crisis has made landlords in Bulgaria much more flexible, enabling clients to sign 3 month rental contracts, according to real estate company Address.
According to Address 11% of the rental deals made in January and February involved 3-month contracts rather than the usual 1 year contracts.
However, 2010 has allegedly seen a slight rise in rental prices from 2009, with the upper end of the market seeing prices between EUR 500-700 a month again.
Address also reported that lots of tenants have left the rental market as they attempt to take advantage of the ever decreasing sale prices of real estate.
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