Новини
Owners sell their real properties to trade in shares at the stock exchange
Рубрика: Property news Източник:Bulgarians sell their real properties to trade in securities and shares at the stock exchange, real estate agents and finance experts told The Standart. Some time ago, bank clients would mortgage their real estates to shares and securities with the money; now, the owners have started selling their apartments to trade at the stock exchange with the money. Most often, they sell real properties, which they have obtained for investment purposes. Investments in real estates however become more and more unprofitable, whereas the stock exchange trade is gaining momentum every day.
The investments in real estates and holiday properties in Bulgaria bring only five or seven percent profit and those in commercial premises - about eight or nine percent, whereas the investments in stock exchange traded funds can bring about 150 percent of profit in a year's time.
So, the landlords who hope to profit from rents and then sell their apartments at a high price should reconsider their plans. Over the past few months the market got over-saturated with commercial real estates and for that reason these properties bring less and less profit to their owners.
For all of the abovementioned reasons, the more flexible-minded owners tend to sell their properties invest their money in more profitable businesses. Real estate agents say now is the best time to sell your commercial real property, because the prices of real estates are expected to fall in the months to come.
Valeriya Stoykova