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 Bulgaria a good place to buy a property?
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.
Is now a good time to buy property in Bulgaria?
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.
Can English Buy 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.
Why are houses so cheap in Bulgaria?
Reasons why in Bulgaria cheap property, a few: The consequences of the 2008 crisis and the sharp drop in demand, causing prices have fallen by 40%. Lower purchasing power of the population compared to an average level. The socialist heritage of the country.
Can I retire to Bulgaria?
Who can retire in Bulgaria? Bulgaria allows every retired national to reside in its territory as long as he meets all the legal requirements. Eu-nationals will find the process relatively easy and straightforward. No visa is required for the first 90 days.
How much money do you 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.
Do you pay council tax in Bulgaria?
Every owner of a property in Bulgaria has obligation to pay council /local/taxes to the municipality where the property is situated.
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.
How much money do I need to retire in Bulgaria?
Is Bulgaria a good country to retire to?
Bulgaria is a beautiful country and an interesting destination if you are a pensioner and are looking for a foreigner friendly country, and the most affordable cost of living country in the European Union.