Is now a good time to buy property in Bulgaria?
The 2020 market forecasts look promising and, despite the current situation and the limitations due to the coronavirus, the Bulgarian real estate market is likely to remain a great place for investments.
Where is the best place to buy property Bulgaria?
If you are looking for permanent residence, the best choice are the big cities. Such as the capital of Sofia, Burgas, Varna, Plovdiv where life is in full swing throughout the whole year. If you prefer quiet living, you can buy a home in small towns like Nessebar, Pomorie, Sozopol or Aheloy.
Is Bulgaria good for property investment?
Many investors have already spotted that Bulgaria offers very good value for money, with letting potential as a holiday destination. The best investment opportunities include the ski resort of Bansko and the Black Sea resorts of Varna and Bourgas. Some 80% are investing in new developments.
Can UK citizens buy property in Bulgaria?
In Bulgaria non-EU citizens are allowed to buy apartments and in this case they are treated exactly as EU citizens. Non-EU citizens, however, are not allowed to acquire land, so if a British national wants to buy a country house with yard, this may no longer be possible.
Will House Prices Rise in Bulgaria?
Most of Bulgaria’s major cities saw strong to moderate house price rises during the year to Q1 2021. Sofia, Bulgaria’s capital, saw the biggest y-o-y house price increase of 11.6%. In Burgas, overall house prices rose by 4.9% during the year to Q1 2021.
Why is it so cheap to live in Bulgaria?
Seasonal fruit, vegetables, yogurt, and meat are a fraction of the price of western European prices, which helps keep the cost of living in Bulgaria low. They’re often organic and local because that’s the way it’s always been done.
Can a foreigner buy a house in Bulgaria?
According to Bulgarian law, foreign citizens of EU countries or the European Economic Area (EEA) have the right to buy property in the country, including land. This also means that foreigners can invest in property in Bulgaria – either through a local legal entity or personally.
How long can a UK citizen stay in Bulgaria?
90 days
you can travel to Bulgaria for up to 90 days in any 180-day period without a visa. This applies if you travel as a tourist, to visit for family or friends, to attend business meetings, cultural or sports events, or for short-term studies or training.
Can a UK citizen live in Bulgaria?
Individuals who plan to relocate to Bulgaria from UK with the purpose of establishing themselves here permanently must obtain the D visa and live here for a minimum period of 5 years. By meeting these requirements, British nationals will obtain permanent residency and can later qualify for Bulgarian citizenship.
Where do most Brits live in Bulgaria?
The majority of expats moving to Bulgaria consider living in Sofia first. As a result, the expat community in the Bulgarian capital is well-developed and you can always find help and advice or make friends.
Do many Brits live in Bulgaria?
At last count, nearly 9,500 Brits have officially made the move to Bulgaria, where their hard-earned savings go a lot further than in the UK. Another estimated 2,000-6,000 live in Bulgaria part-time, and are thus not registered as permanent residents.