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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
of housing in Bulgaria
€300,000 Minimum investment amount
to get a residence permit
3—11% Buyers’ related expenses,
of the transaction amount

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

What do investors buy?

Properties in the capital Sofia and Varna and Burgas resort cities are in high demand.


  • penthouses
  • apartments


  • houses and villas
  • townhouses

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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Taxes and associated costs


Property buyers pay a transfer tax and special fees. Associated costs will range from 2.8% to 10.6% of the purchase agreement value. When buying an apartment for €300,000 in Sofia, the investor will spend €346,265, including associated costs.

2.8—10.6% Of the contract value are related costs for the purchase of housing in Bulgaria
Purchase expenses
Transfer tax

Depends on the region

Notary fee 

Depends on the transaction amount 

Registration fee
Agency fee

The contract determines the share that the buyer pays



Real estate owners pay an annual property tax of 0.1% to 0.45% of the cadastral value. The rate depends on the region.

If the owner rents out the property, they pay a tax of 10% on the rental income.

€1,130 Approximate annual costs for maintenance of an apartment

Communal payments

Electricity, gas, water, heating, and garbage collection

per month

Internet, TV and telephone

per month

Real estate sellers pay a capital gains tax of 10% on the difference between the sale and purchase prices.

An agency fee of 5% to 6% is usually paid in half by the seller and the buyer. However, there are cases when the buyer pays the entire amount if prescribed in the sale and purchase agreement.

10% Capital gains tax on the sale of
real estate in Bulgaria
Expenses on the sale
Capital gains tax

Paid on the difference between the purchase and sale prices

Agency fee

The agreement determines the share that the seller pays


Of the transaction amount

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.

Igor Buglo
Prepared a guide on investing in real estate in Bulgaria