Your guide to buying property in Bulgaria

Discover your dream home in Bulgaria - Why buy property here?

Thinking of moving to a country where rich history, stunning landscapes and hospitality meet? From enchanting coastal towns to peaceful mountain retreats, Bulgaria offers a wide range of properties to capture your imagination. In this article, we explain how and why to buy property in Bulgaria and reveal the best places to call home.

Why is the Bulgarian property market attractive?

Bulgaria's natural beauty, affordability and rich cultural heritage are irresistible attractions for property buyers from all over the world. According to Deloitte's 2024 report, the average price of a new-build home in Bulgaria is just €1,697/m², one of the lowest in Europe. The low mortgage interest rate (2.58% in 2023) further increases the attractiveness of buying property. House prices have been rising steadily in recent years, with an increase of 15.3% in 2022, for example, and further increases in the first half of 2023.

Rental prices have also risen sharply, almost doubling in a year in Sofia, Plovdiv, Varna and Burgas. The stable rental market and favourable financing conditions are attracting many investors to the Bulgarian property market.

The most popular places to buy property in Bulgaria:

• Sofia: The capital combines modern urban life with a historical atmosphere. It is particularly attractive to investors because of its dynamic rental market.
  
  
• Plovdiv: Rich in cultural and historical traditions, Plovdiv is a city with a dynamic urban life and a strong potential for investors.
  
  
• Varna: A holiday paradise on the Black Sea coast, popular with retirees and investors.
  
  
• Burgas: Its popularity is due to its coastal location and its affordable prices.

Step by step to buying property in Bulgaria

EU citizens can buy property in Bulgaria with the same rights as locals, but non-EU citizens should seek the help of a local expert. A property consultant will guide you through the whole process, from viewing the property to signing the contract. With low interest rates, steady price growth and a stable rental market, Bulgaria is currently a very good place to invest in real estate. If you're looking for an affordable yet high value investment, Bulgaria could be the ideal choice for you.