Can Foreigners Buy Property In Bulgaria?

Foreigners Buying Property in Bulgaria: A Comprehensive Guide

Ever wondered if you, as a foreigner, can buy property in Bulgaria? Well, you’re in luck! 🍀 I’m here to tell you that yes, you absolutely can. And not only that, but I’ll also guide you through the process, share some of my personal experiences, and answer some of the most frequently asked questions on the topic. So, buckle up and let’s dive right in!

Understanding the Bulgarian Property Market

First things first, let’s get a feel for the Bulgarian property market. Bulgaria, a beautiful country nestled in the heart of Eastern Europe, offers a diverse range of properties, from stunning beachfront apartments on the Black Sea coast to charming rural houses in the countryside. The property prices are relatively low compared to other European countries, making it an attractive destination for foreign investors. 🏡

Over the years, I’ve seen a steady increase in the number of foreigners buying property in Bulgaria. The reasons are manifold: some are drawn by the country’s natural beauty and rich history, others see it as a lucrative investment opportunity, and yet others are looking for a second home or a retirement destination.

Now, let’s talk about the legal side of things. The good news is that the Bulgarian law is quite foreigner-friendly when it comes to property ownership. In fact, since 2012, foreigners from the European Union (Eu) and the European Economic Area (EEA) can buy land and property in Bulgaria without any restrictions. 🎉

However, if you’re a non-EU citizen, there’s a slight catch. While you can freely buy apartments and houses, you cannot directly own land. But don’t worry, there’s a workaround! You can set up a Bulgarian company (which is a relatively straightforward process) and buy the land through this company. This way, you can still enjoy the benefits of owning a property with land, like a villa or a farmhouse.

Steps to Buying Property in Bulgaria

So, how does the property buying process work in Bulgaria? Here’s a simplified step-by-step guide:

  • Choose a property: This is the fun part! Explore different regions, compare prices, and find the property that suits your needs and budget.
  • Engage a lawyer: It’s crucial to have a local lawyer who understands the Bulgarian property law and can guide you through the process.
  • Sign a preliminary contract: This contract outlines the terms and conditions of the Sale, including the price, payment schedule, and completion date.
  • Pay a deposit: Typically, you’ll need to pay a deposit of 10% to secure the property.
  • Complete the sale: Once all the checks are done, you’ll sign the final contract, pay the remaining balance, and receive the title deeds. Congratulations, you’re now a property owner in Bulgaria! 🎊

Frequently Asked Questions

1. Can foreigners get a mortgage in Bulgaria?

Yes, some Bulgarian banks offer mortgages to foreigners. However, the terms may vary, and you’ll likely need to provide a higher deposit than local buyers.

2. Are there any additional costs when buying property in Bulgaria?

Yes, apart from the property price, you should also consider additional costs like notary fees, property transfer tax, and legal fees. These usually amount to around 5-6% of the property price.

3. Can I rent out my property in Bulgaria?

Yes, you can rent out your property when you’re not using it. This can provide a steady income and help offset the costs of owning a property.


So, there you have it! Buying property in Bulgaria as a foreigner is not only possible but also relatively straightforward. Whether you’re an EU citizen or a non-EU citizen, there are options available for you. The Bulgarian property market offers a wide range of properties at affordable prices, making it an attractive destination for foreign investors. However, it’s crucial to understand the legal aspects and engage a local lawyer to guide you through the process. And remember, while buying a property is an exciting venture, it’s also a significant investment, so take your time, do your research, and make an informed decision. 🏠🇧🇬

In summary, foreigners can indeed buy property in Bulgaria. The process involves choosing a property, engaging a lawyer, signing a preliminary contract, paying a deposit, and completing the sale. Additional costs include notary fees, property transfer tax, and legal fees. Renting out the property is also an option for owners. With this guide, you’re well-equipped to navigate the Bulgarian property market. Happy house hunting!

Kurby Team

The Kurby Content Team is a diverse group of seasoned real estate experts dedicated to providing insightful, reliable information for homebuyers, real estate investors, and real estate agents. With backgrounds ranging from real estate brokerage, property investment, and residential home buying, our team combines decades of experience with a passion for demystifying the real estate world. We at Kurby are committed to helping you make informed, successful real estate decisions. Whether you're a first-time homebuyer, a seasoned investor, or a real estate professional, count on the Kurby Content Team to deliver the most relevant, actionable real estate content you need.