Property Investment in Bulgaria as a Foreigner

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

Property Investment in Bulgaria as a Foreigner

How the residential property price index is growing in Bulgaria

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

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Individual selection of investment properties

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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.

Practical Guide

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Taxes and associated costs

Countries to buy a property and get residency or citizenship

We offer proven properties that comply with the conditions of government programs for investors. You can buy real estate and obtain a residence permit or citizenship.

Country

Property investments

Status

Obtaining time

Malta11 properties

€375,000+

Permanent residency

6+ months

Show 11 properties

€375,000+Permanent residency6+ months

Grenada22 properties

$270,000+

Citizenship

8+ months

Show 22 properties

$270,000+Citizenship8+ months

UAE143 properties

AED 750,000+

Residence permit

2+ months

Show 143 properties

AED 750,000+Residence permit2+ months

Spain36 properties

Not limited

Residence permit

4+ months

Show 36 properties

Not limitedResidence permit4+ months

Portugal73 properties

Not limited

Residency after D Visas

6+ months

Show 73 properties

Not limitedResidency after D Visas6+ months

Show all countries

40+ guides with European countries

Find out how much it costs to buy and rent real estate in each country, what the market dynamics are and what taxes you need to pay when buying and selling.

Material prepared by Igor Buglo, Head of the Maltese office, MBA

Updated:

06 March, 2025

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.