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.
Important Notice
All references to rental income, yield, capital appreciation, or \\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\"guaranteed returns\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\" on nexthomeglobal.com are for illustrative purposes only and do not constitute any obligations, warranties, or promises regarding future results on the part of Next Home Global EOOD.
Actual results may vary depending on market conditions, project implementation, rental terms and tenant behaviour, as well as third-party actions. Any assessment of commissions, fees, and other transaction-related expenses is the sole responsibility of the client.
Clients are strongly advised to seek independent legal, tax, and financial advice before entering into any transaction or investment. Next Home Global EOOD accepts no liability for investment decisions made based on information published on this website.
© Next Home Global EOOD. All rights reserved. Information is current as of the date of publication and may be changed without prior notice.
