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 it worth buying 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.
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.
Can EU citizens buy 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 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.
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.
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.
Can I still buy a house in Bulgaria after Brexit?
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.
How cheap is it to live in Bulgaria?
Family of four estimated monthly costs are 1,760$ (2,957лв) without rent. A single person estimated monthly costs are 505$ (848лв) without rent. Cost of living in Bulgaria is, on average, 45.50% lower than in United States. Rent in Bulgaria is, on average, 78.25% lower than in United States.
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.
Can British people live in Bulgaria?
If you are a citizen of the UK or a family member of a citizen of the UK, who at the date of Brexit have a valid residence permit, issued by the Republic of Bulgaria, you will retain your residence rights in Bulgaria and you can use your permit up to 1 year after the end of the transition period or up to the expiry of …
Can I move to Bulgaria from UK?
British nationals arriving in 2021 after the end of the transition period. For a short-term stay of up to 90 days in every period of 180 days, the UK nationals shall enter Bulgaria with a valid passport without a visa. A long-stay visa is also known as a type “D” visa. It is usually valid for up to 6 months.
Where is the house for sale in Bulgaria?
This is an offer for a house for sale located in a busy village outside the capital of Bulgaria – Sofia. The village is situated in South-Western Bulgaria to the north of Sofia. It is part of Svoge Municipality, Sofia district.
Where are the best rental properties in Sofia?
This is also valid for the rental market, where both high demand and high price levels are observed. Currently the highest rental income and profit for residential properties can be found in Sofia but, understandably, this is also where you will find the highest prices! What are the TOP properties for sale in Sofia?
How many people live in Sofia, Bulgaria?
With a population of over 1.5 million people, together with thousands of businesses, foreign Embassies, branches of international companies and organizations, corporate HQs and public administration buildings, Sofia has the most developed and dynamic property market in Bulgaria.
How to sell a waterfront property in Bulgaria?
Please contact us or complete the inquiry form and tell us your exact requirements about the property you are looking for and we will send you other offers. Want to sell your property or rent it out? Our local agents will give you their professional advice and a free estimate of your property’s value based on market prices.