Is land cheap in Bulgaria?

Is land cheap in Bulgaria?

That being said, Bulgaria is a lot cheaper than many other European countries when it comes to property prices. One of the most popular spots is the capital Sofia, but you can expect to pay more for a city centre pad here than in other more rural parts of the country.

Is Bulgaria a good place to buy property?

Bulgaria has proved to be a preferred destination for many international buyers. It offers the best property prices in Europe and a variety to choose from – beach and ski resorts, vibrant cities and beautiful countryside for holiday or relocation.

Can foreigners buy 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.

Why are homes so cheap in Bulgaria?

So simplified, the reason why the properties have relatively stable low prices is due to a lack of customers, especially such able to afford high prices. Keep in mind that the average salary in Bulgaria, at the end of 2016 were a bit less than 500 euro per month.

Can I live in Bulgaria after Brexit?

Persons who want to enter Bulgaria starting with 2021 after the Brexit transition period is over do not need visas if their stay here will not exceed 90 days in a period of 180 days. They will only need their valid passport.

Is it cheap to live in Bulgaria?

Comparative analysis describes Bulgaria as relatively cheap and a much more affordable place to live when compared to most other countries in the European Union. However, the prices of some basic foodstuffs and electricity are constantly rising, which adds to the cost of living.

Can I buy a house in Bulgaria after Brexit?

In Bulgaria, non-EU citizens are allowed to buy built property 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 as an individual.

Is it worth buying in Bulgaria?

Bulgaria still has some of the lowest real estate prices in all of the European Union. While prices are currently rising, the time for investing is now. The capital city, Sofia, and some of the other big cities, such as Varna, Plovdiv, Ruse, and Burgas, are among the other preferred investment locations.

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.

Why do Brits move to Bulgaria?

The benefits of moving to Bulgaria from UK One of the greatest benefits of relocating to Bulgaria from UK is that British nationals can move here with family members without any problems. Additionally, they will gain EU residency and will be able to freely travel to other EU countries after Brexit.

Is Bulgaria cheaper than Spain?

Bulgaria is 42.1% cheaper than Spain.