Can foreigners buy property in Bulgaria?

Can foreigners buy property in Bulgaria?

According to Bulgarian law, foreign citizens of EU countries or the European Economic Area (EEA) have the right to buy property in the country, including land. This also means that foreigners can invest in property in Bulgaria – either through a local legal entity or personally.

Is real estate cheap in Bulgaria?

Average property prices in Bulgaria That being said, Bulgaria is a lot cheaper than many other European countries when it comes to property prices.

Where is the best place to buy property Bulgaria?

If you are looking for permanent residence, the best choice are the big cities. Such as the capital of Sofia, Burgas, Varna, Plovdiv where life is in full swing throughout the whole year. If you prefer quiet living, you can buy a home in small towns like Nessebar, Pomorie, Sozopol or Aheloy.

What’s the average house price in Bulgaria?

These tranquil and beautiful locations together with the area of Stara Zagora in Central South Bulgaria still offer properties for the average price of around 10,000 Euros (7 000 GBP; 13 300 USD).

Can I live in Bulgaria after Brexit?

Persons who want to enter Bulgaria starting with 2021 after the Brexit transition period is over do not need visas if their stay here will not exceed 90 days in a period of 180 days. They will only need their valid passport.

Is it a good time to buy property in Bulgaria?

Bulgaria still has some of the lowest real estate prices in all of the European Union. While prices are currently rising, the time for investing is now. The capital city, Sofia, and some of the other big cities, such as Varna, Plovdiv, Ruse, and Burgas, are among the other preferred investment locations.

How much does an apartment cost in Bulgaria?

A single person estimated monthly costs are 501$ (866лв) without rent. Cost of living in Bulgaria is, on average, 45.48% lower than in United States….Cost of Living in Bulgaria.

Restaurants Edit
Utilities (Monthly) Edit
Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment 185.00лв

Can you live permanently in Bulgaria?

If you move to Bulgaria, you may need a visa. Read the Ministry of Foreign Affairs’ guidance on visas. Once you have been resident in Bulgaria for 5 consecutive years, you can apply to the Migration Directorate for a permanent residency permit.

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