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Bulgaria – Buying Property

Legal Restrictions on Property Ownership and Sale by Foreign Nationals in Bulgaria

There are no legal restrictions on foreign nationals owning property in Bulgaria, but there are certain regulations that apply to non-EU nationals. They need to have a Bulgarian tax number and open a Bulgarian bank account to purchase property. 

Average Property Prices in Bulgaria

The average property price in Bulgaria is around €50,000, with prices varying greatly between different regions. Prices in major cities such as Sofia, Plovdiv and Varna tend to be higher than in smaller cities and rural areas. 

Popular Locations for Buying Property in Bulgaria

The most popular locations for buying property in Bulgaria are the major cities such as Sofia, Plovdiv and Varna, as well as coastal areas like Golden Sands and Sunny Beach. These areas are popular due to their proximity to the beach and other attractions, such as cultural and nightlife. 

Upcoming Areas in Bulgaria for Property

Investment Upcoming areas in Bulgaria for property investment are the towns of Veliko Tarnovo, Razlog and Bansko. These towns are becoming increasingly popular due to their historical heritage, proximity to ski resorts and growing number of expats moving to Bulgaria. 

Trends in the Property Market in Bulgaria

The property market in Bulgaria is currently experiencing a trend towards eco-friendly and sustainable living. This is driven by the desire to live in more environmentally conscious homes, and the desire to preserve the natural beauty of the country. Additionally, there is a growing trend for rental properties as a result of the tourism industry and the growing number of expats in the country.

Is Buying Property a Good Investment in Bulgaria?

Buying property in Bulgaria can be a good investment, as the country has a growing economy, a high demand for housing and the lowest property prices in the European Union. However, it is important to research the specific area and property type before making a purchase, as prices and rental yields can vary greatly between regions. 

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Common Property Types in Bulgaria

The most common property types in Bulgaria are apartments, townhouses, and detached houses. There are also a number of villas, vacation homes and land only options available, particularly in the coastal and rural regions of the country. Additionally, there are a number of commercial properties available for purchase, such as office buildings and retail spaces.

Typical House Buying Procedure in Bulgaria

Once you have found a property in Bulgaria, the following is the typical house buying procedure:

Surveys/Inspections Needed

Before making an offer on a property, it is advisable to carry out a survey and inspection to ensure the property is in good condition. This is typically done by a professional surveyor. The surveyor will inspect the property to identify any structural issues or problems with the building, such as damp or leaks. They will also check the electrical and plumbing systems and provide a report detailing the condition of the property. This report can be used to negotiate the price of the property or to request that certain repairs be made before the sale is finalised.

Making an Offer on a Property

Once you have received the surveyor’s report and are satisfied with the condition of the property, you can make an offer on the property. Your real estate agent can assist you in making an offer. The offer should include the purchase price, a deadline for completion and any other conditions you would like to include. The seller will either accept, reject or counter your offer. If the offer is accepted, you can proceed to the next step.


A notary is not needed in the house buying process in Bulgaria.

Exchange of Contracts

The final step in the house buying process in Bulgaria is the exchange of contracts. This is the point at which both the buyer and the seller sign a contract, indicating that they agree to the terms of the sale. The contract will include the purchase price, completion date and any other terms agreed upon during the negotiation process. Once the contract is signed and both parties have made a deposit, the sale is legally binding and cannot be cancelled without incurring a penalty.

Finding a Reputable Lawyer in Bulgaria

It is recommended to hire a lawyer when buying a property in Bulgaria, as they can help navigate the complex legal process and ensure that your rights are protected. To find a reputable lawyer, you can ask for recommendations from friends or family, or search online for lawyers with experience in property law.

Lawyers in Bulgaria typically charge by the hour, and the cost can range from ‚50 to 200 euros per hour. It is not necessary for lawyers to be members of a particular professional organisation, but you may prefer to choose a lawyer who is a member of the Bulgarian Bar Association.

Pitfalls and Problems in the House Buying Process in Bulgaria

One of the biggest pitfalls in the house buying process in Bulgaria is the potential for fraud. It is important to carry out proper due diligence on the property and the seller, as well as to use a reputable real estate agent and lawyer to ensure that the transaction is legitimate.

Another common problem is the slow pace of the legal process in Bulgaria. It is important to allow enough time for all the necessary paperwork to be completed and to ensure that the sale is properly registered with the relevant authorities.

Purchasing Property Through a Company 

It is possible to purchase property in Bulgaria through a company, although this may not always be the most desirable option. Purchasing property through a company can offer certain tax advantages, but it may also complicate the buying process and increase the costs associated with the purchase. If you are considering purchasing property through a company, it is recommended to seek the advice of a lawyer who can advise you on the pros and cons of this option.

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