PROPERTY PRICES IN BULGARIA

Property prices in Bulgaria are considerably lower than those elsewhere in Europe. A brand new apartment right on the sea front in a popular holiday town can currently be purchased for around £25,000 GBP (try getting that price in Spain!) with rural properties selling for even less.

Properties in Bulgaria

There is a wide variety of properties available from seaside apartments to mountain chalets and country homes. We are also able to source individual properties and land via our bespoke property finders service.

Buying property in Bulgaria is also a great investment as prices are steadily increasing and are set to go up considerably when Bulgaria joins the EU.

The European Union is currently investing millions of pounds to help improve Bulgaria’s infrastructure (this is very visible on the Black Sea Coast where the main Coastal road is being widened and re-surfaced to provide better access for the expected development of holiday properties).

The conditions and guarantees for foreign investors have generated excellent business opportunities and investment growth potential.

The following example is based on purchasing an apartment for £50,000. This will give you an idea of the supplementary costs involved when buying a property in Bulgaria.

Property price: £50,000

• Legal costs: c. £300 (These apply if you choose to employ a lawyer to conduct checks)
• Country Tax (Stamp Duty): £1,000 (2% on Completion) included in the price on many developments
• Notary fees, translation fees: £250
• Furnishing, kitchen units and appliances c. £4,000 (1-bedroom apartment)

Taxes for each property depend on its price. The combined State and local taxes will usually be equivalent to c. 3.5% of the property purchase price.

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