The expected rate of return is roughly 5-7% per year. This is what you would get from a company that operates your apartment and brings tourists to it. People often advertise 15% annual gain, but this always includes potential gain from subsequent sale. High rate of return from investment in real estate is generally feasible when the market experiences dynamic growth and you are ready to sell your apartment when its price increases. The expected average price increase in real estate in Bulgaria for the next 3-5 years is 10%. That means you can achieve 15% per year only if your apartment is operated by an agency for property management and you sell it after a few years. A very significant advantage of investing in real estate are the low taxes you owe in case of sale. It is 2-3% if you sell one apartment in Bulgaria in a 5 year period.