Is it good to buy property in Bulgaria?

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 foreigner 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.

Will property 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%. Prices for new dwellings rose by 11.9% while existing dwellings saw a price increase of 11.4%.

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.

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Can a UK resident buy property in Bulgaria?

In Bulgaria, non-EU citizens are allowed to buy built property and in this case they are treated exactly as EU citizens. Non-EU citizens, however, are not allowed to acquire land, so if a British national wants to buy a country house with yard, this may no longer be possible as an individual.

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.

How much money do I need to retire in Bulgaria?

The cost breakdown is less than $1,200 per month. $1,156 per month on average. It costs me ~2000 leva per month to live in Sofia. The most expensive city in Bulgaria has affordable living costs on par with renowned “cheap” cities like Medellin or Manila.

How long can a UK citizen stay in Bulgaria?

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.

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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Can you live permanently in Bulgaria?

If you have resided legally (on the basis of a long-term residence permit) and continuously in Bulgaria in the last five years, you are entitled to apply for a permanent residence permit. The same applies to your family members.

Is Bulgaria safe to live in?

Bulgaria is a pretty safe country and, in fact, one of the most peaceful and safe countries in the world. It’s a nation of friendly people and low levels of violent crime.

Is it cheap to live in Bulgaria?

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.

How much is property tax in Bulgaria?

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.

How much is council tax in Bulgaria?

The taxes for buying a property in Bulgaria are based on the sale price and location of the property. The council tax for the transfer of title varies between 2 and 3.5% of the sale value.