Is Bulgaria good for real estate?

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.

Is it good to buy house in Bulgaria?

Bulgaria also offers fantastic value for money, with a low cost of living and affordable property prices.

Can foreigners buy properties 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 it safe to live in Bulgaria?

Bulgaria is generally safe for expats. Foreign citizens, businesses or organizations are rarely targeted. Most occurrences of crime are restricted to the large urban areas. … Most locals will maintain that they have experienced one type of crime or another, but these are rarely violent or serious crimes.

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Is Bulgaria a good investment?

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.

Is Bulgaria a cheap place to live?

Comparative analysis describes Bulgaria as relatively cheap and a much more affordable place to live when compared to most other countries in the European Union. However, the prices of some basic foodstuffs and electricity are constantly rising, which adds to the cost of living.

Can I claim benefits in Bulgaria?

Bulgarian benefits

You may be eligible to claim some Bulgarian social security benefits. You can get information about local Bulgarian benefits and pensions from the National Social Security Institute.

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.

What’s bad about Bulgaria?

Bulgaria is plagued by corruption and incompetence: there are numerous reports of appropriation of public property for cheap, traffic police can be bought for 20 lev (which can be a good thing to be honest but be careful, you need to receive a cue like the officer telling you, what are we going to do now, etc….), …

Can I retire to Bulgaria?

Bulgarian offer favorable conditions for retired people to get a residence permit, and then move to live in Bulgaria. A Long-term Residence Permit stays in the country can be obtained by any foreign pensioner who has a place to live and enough money to stay in Bulgaria.

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Is Bulgaria rich or poor?

Bulgaria has a well-educated workforce, but it is considered the poorest nation in the European Union. Among the challenges it faces are perceived problems of corruption and organized crime.

Will House Prices Rise in Bulgaria?

Most of Bulgaria’s major cities saw strong to moderate house price rises during the year to Q1 2021. Sofia, Bulgaria’s capital, saw the biggest y-o-y house price increase of 11.6%. … In Burgas, overall house prices rose by 4.9% during the year to Q1 2021.

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.

Are property prices rising in Bulgaria?

Due to the spring lockdown, some experts predicted a decline in property values at the end of 2020. However, despite the complete freeze of the market in the spring, the housing sector ended the year positively with growth in demand and prices. In 2021, Bulgarian housing prices continue to rise.