Can foreigners buy houses 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 Bulgaria a good place to buy a property?
Bulgaria has proved to be a preferred destination for many international buyers. It offers the best property prices in Europe and a variety to choose from – beach and ski resorts, vibrant cities and beautiful countryside for holiday or relocation.
Can a UK citizen buy a property in Bulgaria?
Since 1 January 2012 all EU and EEA (European Economic Area) citizens are allowed to buy land in Bulgaria. This applies to houses with gardens, all plots that are within the zoning of the settlements, apartments coming with shares of the land, offices and other commercial properties.
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).
Why is Bulgaria property so cheap?
Reasons why in Bulgaria cheap property, a few: The consequences of the 2008 crisis and the sharp drop in demand, causing prices have fallen by 40%. Lower purchasing power of the population compared to an average level. The socialist heritage of the country.
What are the pitfalls of buying property in Bulgaria?
The most common mistakes made when buying a property in Bulgaria can be summarized as: Paying a deposit to reserve a property. The seller insists that a lower price is put on the title deed (tax evasion). Feeling that you are the weak party when you are the market maker.
Why are homes so cheap in Bulgaria?
How long can a UK citizen stay in Bulgaria?
90 days
You can travel to Bulgaria for up to 90 days in any 180-day period without a visa. This applies if you travel as a tourist, to visit for family or friends, to attend business meetings, cultural or sports events, or for short-term studies or training.
Where is the best place to buy in 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.
Will House prices Rise in Bulgaria?
In 2021, Bulgarian housing prices continue to rise. It is noteworthy that in 2021 prices for resort real estate on the sea began to grow. Firstly, this is due to the unprecedented activity of Europeans and Bulgarians, who are looking for profitable directions for investment.
Is Bulgaria a good country to retire to?
Bulgaria is a beautiful country and an interesting destination if you are a pensioner and are looking for a foreigner friendly country, and the most affordable cost of living country in the European Union.
Do you pay council tax in Bulgaria?
Every owner of a property in Bulgaria has obligation to pay council /local/taxes to the municipality where the property is situated.