Bulgaria Property News

Bulgarian Holiday Rental Portal Captures Tourism Growth

Bulgaria's tourism minister Nikolina Angelkova recently reported a bumper winter season (December-February) that saw growth of over 9%, representing an increase of almost 80,000 tourists.

Commenting on this year's summer season, she said the preliminary forecast was extremely optimistic. An increase of 5% of German arrivals, 10% Israeli, 5% from France and a massive 40% increase in visitors from Lituania, Latvia and Moldova is forecast for summer 2015.
Bulgaria has become an increasingly popular holiday destination in the last few years although its tourist sector is relatively undeveloped. With fantastic beach resorts and winter skiing, there's something for everyone all year around.

Seeing a niche in the market, a new portal – Arendoo.com – is set to revolutionise Bulgaria's holiday property market. This is good news for the many British and Irish investors in Bulgaria's property market and presents an opportunity to capture growth in the country's tourism and make a good profit from it.

Arendoo.com is a fully transparent, fully accountable rental portal that generates bookings as well as providing associated services such as cleaning, key exchange and linen changes. In a press release the portal states:
"Arendoo.com is Bulgaria's answer to a decade of under-performing property assets. Charging owners only when property rentals are completed, arendoo.com's clients enjoyed their properties being let for more than 40,000 rented nights last year."

The portal's director Christophe Gater said: "Until now, British and Irish owners have had few professional options in the Bulgarian rental market. Most have naturally opted for the services offered by their complex reception but have suffered inexplicably low occupancy. It's time for accountability and full transparency in Bulgaria's holiday rental market".

Arendoo.com fills the void and communication between foreign owners and their holiday properties in Bulgaria. It is currently the only rental portal offering videos of listed properties and online log-in facilities for owners where they can view all bookings, transactions and monies owed. They also cover check-in and check-out together with cleaning and linen services so that owners overseas have hassle-free rentals in their absence.

The portal arrives at just the right time as Bulgaria's popularity among international tourists is rising. Owners of property in the country's holiday hotspots now have a way to tap into visitor volume growth allowing them to enjoy more consistent rental income.