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.

€1,381

Average price per 1 m²

€300,000

Real estate investment for residency

3—11%

Associated costs, of the property value

How the residential property price index is growing in Bulgaria

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Cost of a 3-bedroom apartment in Bulgaria

€800,000

Penthouse in the centre of Sofia

€400,000

Apartment in the centre of Sofia or Varna

€200,000

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.

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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.