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 buying property in Bulgaria a good investment?
Bulgaria still has some of the lowest real estate prices in all of the European Union. Most investors either set their eyes on buying commercial property meant for development, or they buy homes and benefit from the rental yields. Both scenarios are good if you play your cards right.
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 does it cost to buy a house in Bulgaria?
The fee depends very much on the property market value plus a fixed amount. For properties with price from 5 000 to 25 000 euro, the notary fee is 80 euro plus 0.8% of the 5 000 euro surplus. For properties that cost between 25 000 and 50 000 euro, the fee is 245 euro plus 0.5% of the 25 000 euro surplus.
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.
Is Bulgaria a safe place to live?
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.
Is Bulgaria a nice place to live?
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. However, not everybody in Bulgaria is friendly.
How much money do you need to live in Bulgaria?
Depending on one’s lifestyle and income, an average person can have a decent experience relying on 650 euros a month, but 700-800 euros will allow you to live more comfortably.
Can anyone buy a house 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.
Is Bulgaria safe to live?
Are there any real estate companies in Bulgaria?
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