Property for investment in Bulgaria

Investment in real estate in Bulgaria is the center of ​​attention of many non-residents. The greatest demand for houses and apartments in a cozy, warm, friendly country with famous Black Sea resorts is shown by the British and citizens of the CIS countries. Real estate investment brings to the table the opportunity to live and relax in Bulgaria or sell the property when the price rises.

The period of super profits, brought by the resale of real estate in Bulgarian cities and resorts, fell from 2003-2008. Back then in Bulgaria, the cost of 1 sq.m of housing was lower by 25-50% than in other European countries. The boom in apartment buildings made it possible to invest in an apartment, and later sell it for more than the original price by 35-40%.

The subsequent economic crises and downturns have made real estate investment in Bulgaria less liquid and less profitable. However, an increase in the price of residential and commercial properties by an average of 8-10% across the country in 2023 is a good incentive for investors.

Bulgaria: the benefits of investing in real estate

Currently, the value of Bulgarian property is still lower than in other countries of the European Union. This even applies to investing in properties that are located:

• in big cities - Sofia, Plovdiv, Varna, Burgas, Ruse;

• in the Black Sea resorts - Nessebar, St. Vlas, Pomorie, Sozopol;

• in the ski resorts - Bansko, Vitosha, Borovets.

The increase in prices is differentiated by regions, cities, and types of housing (new buildings, secondary market). If invested wisely, real estate in Bulgaria will be an effective way to increase capital.

What is important for an investor to know:

1. The amount of overhead costs during the selection, purchase, and registration is 5-10% of the value of the property. Add this amount when planning your budget.

2. Non-resident individuals have the right to invest in apartments. When buying a house, you need to register a legal entity. The land does not become the property of a non-resident.

3. The difference between the purchase and sale price of apartments received by a non-resident individual is subject to capital gains tax at the rate of 10%.

Bulgaria: what does real estate investment give?

Investing in an apartment, a house, or a townhouse in Bulgaria, a non-resident gets the opportunity to:

1. Live in an EU Member State based on a short-stay national visa for up to 90 days every 6 months.

2. Come to rest with family, and friends at any time when there is a desire, regardless of the availability of rooms in aparthotel and hotels.

3. Get a residence permit in Bulgaria when buying apartments or villas worth more than 600,000 BGN.

4. Rent an apartment for daily and long-term rent.

5. Leave an apartment as an inheritance.

6. Sell ​​the house as soon as the price increases and becomes profitable for resale.

Bulgarian Resale Agency provides a range of services related to the purchase and sale of real estate. We have been operating in the Bulgarian market since 2007. Contact us if you want to invest in Bulgarian real estate without risk.