Reasons why to buy property in Bulgaria (2024)

FAQs

Reasons why to buy property in Bulgaria? ›

Real-estate investments in Bulgaria are convenient, mainly because the prices are significantly lower than in other European countries. However, certain restrictions apply to foreign investors regarding land purchase and agricultural land purchase in Bulgaria.

With one of the lowest living costs in Europe and appealing cities to invest in, such as Sofia, Varna, and Bansko, Bulgaria is an appealing investment destination for those who want to have a house or apartment here. If you want to buy land in Bulgaria and need support, contact our local law firm.

Bulgarian law allows foreigners to own property in the country, but, however, there are some restrictions. A foreigner can buy a property in their own name, provided that the property doesn't come with the land it is built on. In most cases, apartments in Bulgaria are sold without land.

Bulgaria is seen by many investors as an attractive low-cost investment destination, with government incentives for new investment. The country offers some of the least expensive labor in the European Union (EU) and low and flat corporate and income taxes.

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.

Americans traveling to Bulgaria don't need to apply for a visa if they're staying for fewer than 90 days. However, if you're planning to move, you'll need a residency permit and a Type D visa. To be considered for a residency permit, you need to apply for a Type D visa first.

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.

Bulgaria is one of the cheapest countries to retire in, making it a perfect place to spend your retirement years without worrying about money. To retire in Bulgaria, you need to apply for a Bulgarian Pensioner D visa.

Entry, Exit and Visa Requirements

Your U.S. passport must be valid for at least three (3) months from the expected date of departure from Bulgaria. U.S. citizens traveling on regular tourist passports cannot stay more than a total of 90 days in Bulgaria within a 6 month-period without a Bulgarian visa.

Why do people want to live in Bulgaria? ›

The benefits of a Bulgarian life: the climate, the beaches, the mountains and the beautiful countryside, the relaxed lifestyle, friendly neighbours and family values, the low prices, the stable economy and increasing employment opportunities all combine to outweigh the inevitable differences and disadvantages.

Bulgaria is a reliable ally in an area of strategic importance to the United States. The United States and Bulgaria maintain shared use of several Bulgarian military facilities through the U.S.-Bulgarian Defense Cooperation Agreement, which came into force in 2006.

The average useful area of a housing in urban areas is 64.88 square meters and in rural areas -62.43 square meters. Most housings are privately owned by individuals - 96.9% and 3.1% of the housings are public property - state, municipal properties, property of companies, public or cooperative organizations.

The most popular cities among expats are Bansko, Sofia, and Varna. It can be difficult to decide where to move to, however, and that's where we step up. We've gathered this guide with introductions to the 9 best places for expats to live in Bulgaria to make it easier for you.

All property owners in Bulgaria pay an annual property tax. The current annual tax rate for a house is 0.15% of the tax evaluation ( the value of the property as estimated by the state body) of the property. for rural property and about GBP100 per year for apartments in city centers.

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.

And the value of the property, as you know, depends on the purchasing power of the population. Also due to the lower cost of building materials and labor, SEB the cost of construction in Bulgaria is below the European average. Reason 4: the rise of the cheap offers for the sale of real estate by the Russians.

Bulgaria is affordable for everyone. So you can have a comfortable retirement at a low price and have one of the best experiences of your life. Rich history and culture. The Balkan country has a rich history and culture.

A family of four estimated monthly costs are 2,200.4$ (3,826.2лв) without rent. A single person estimated monthly costs are 625.5$ (1,087.7лв) without rent. Cost of living in Bulgaria is, on average, 44.1% lower than in United States. Rent in Bulgaria is, on average, 78.9% lower than in United States.