Real estate investment in Bulgaria

Bulgaria prohibits selling land to non-EU citizens. A land plot with a house can be bought for a legal entity if it’s a Bulgarian company.

The sale of flats in apartment buildings is not limited: you can freely buy, sell or rent them.

Statistics confirm the liquidity of investments: residential real estate prices grow by an average of 1,9% every quarter. Five years ago, an apartment of 100 m² cost an average of €96,000, and today it is sold for €138,000.


Average price per 1 m²


Real estate investment for residency


Associated costs, of the property value

How the residential property price index is growing in Bulgaria


Cost of a 3-bedroom apartment in Bulgaria


Penthouse in the centre of Sofia


Apartment in the centre of Sofia or Varna


Apartment in Burgas

Bulgaria residence permit or citizenship by real estate investment

Bulgaria has a state residence permit program for property buyers. A residence permit is obtained by purchasing a property worth at least €300,000.

Discover real estate market trends in 41 European countries

Practical Guide

Discover real estate market trends in 41 European countries

Taxes and associated costs

40+ guides on European countries

Learn the prices for purchasing and renting a property in each country, the market dynamics and taxes on buying and selling real estate.

A guide about investing in real estate was prepared by our expert

Frequently asked questions

  • Can foreigners buy property in Bulgaria?

    Only if they are citizens of the European Union. A plot of land with a house can be bought by a Bulgarian legal entity.

  • Is Bulgaria a good place to buy a property?

    Yes. Real estate in Bulgaria is a liquid asset: the price of residential real estate increases by an average of 1,9% quarterly. Five years ago, a 100 m² apartment cost an average of €96,000, and today it can be sold for €138,000.

    At the same time, a 1 m² of housing in Bulgaria costs lower than the European Union average.

    Investors who buy real estate in Bulgaria can apply for a residence permit program. They need to purchase real estate for at least €300,000.

  • What's the average house price in Bulgaria?

    Prices for apartments start from €15,000. The average cost of 1 m² of residential real estate is €1,381. Housing prices are rising annually: in the first quarter of 2022, the cost of Bulgarian properties increased by 11,5% year-on-year, according to Eurostat.

  • What are the pitfalls of buying property in Bulgaria?

    The main obstacle is a limitation for foreigners: non-EU citizens can’t buy real estate in Bulgaria directly. One of the most popular ways to avoid this is to apply for a Bulgaria residence permit by real estate investment program, but property expenses in that case begin at €300,000.