FAQ | Frequently Asked Questions About Real Estate in Bulgaria
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How to Buy Real Estate in Bulgaria?
Foreign citizens can purchase real estate in Bulgaria under the same conditions as local residents. The process includes:
- Selecting a property and conducting a site visit
- Signing a preliminary contract and paying a deposit (usually 10%)
- Having the documents reviewed by a lawyer
- Finalizing the transaction with a notary
- Registering the title
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What is the rental yield on real estate?
The annual rental yield on real estate in Bulgaria is:
- Coastal resort properties: 8–15%
- Urban real estate (Sofia, Varna, Burgas): 5–7%
- Ski resorts (Bansko): 6–12%
Seasonal rentals during peak season: studio €40–50/day, 1-bedroom €60–80/day, 2-bedroom €90–120/day.
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Do I need a visa to buy real estate?
EU citizens do not need a visa - they have the right to free movement and residence.
For citizens of other countries, purchasing real estate entitles them to a long-term Type D visa, which:
- Allows you to stay in the country for up to 1 year
- Can be extended
- Entitles you to a residence permit when purchasing real estate worth at least €300,000
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What taxes are involved in purchasing and owning a property?
Upon purchase:
- Notary fee: 0.1–1.5% of the price
- Registration fee: 0.1%
- Real estate agency commission: 3% (included in the developer’s price)
Ownership (annually):
- Property tax: 0.1–0.3% of the assessed value
- Utilities: €5–15/m² per year
Upon sale:
- Capital gains tax: 10% (if sold within 3 years)
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Is it possible to get a mortgage in Bulgaria?
Yes, foreign citizens can obtain a mortgage from Bulgarian banks. Terms:
- Down payment: 20–30%
- Interest rate: 3–5% per annum
- Loan term: up to 25–30 years
- Proof of income is required
Many developers also offer installment plans for the duration of construction with a minimal down payment.
