Can foreigners own property in Bulgaria?
Can foreigners own property 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.
Can a US citizen buy property in Bulgaria?
Bulgarian law allows non-EU citizens to buy property in Bulgaria with some limitations. All non-EU natural or legal persons can buy apartments in Bulgaria on their own names, provided that the apartments don’t come with ideal parts of the land on which the apartments were built.
Why are homes so cheap in Bulgaria?
Reasons why in Bulgaria cheap property, a few: The consequences of the 2008 crisis and the sharp drop in demand, causing prices have fallen by 40%. Lower purchasing power of the population compared to an average level. The socialist heritage of the country.
Can a UK resident 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.
Can I get a mortgage in Bulgaria?
Buying a property in Bulgaria through mortgage is a very popular option. You should have in mind that the Bulgarian banks do not grant the full amount needed to buy the property. Usually you can get credit which is equal to 60-90% of the property value.
Can a foreigner get a mortgage in Bulgaria?
Both permanent and non-permanent resident aliens can obtain mortgages in Bulgaria, pretty much like Bulgarian citizens. The mortgage application process as well as the interest levels and conditions will be very similar to that of BG citizens.
Is Bulgaria a good place to retire?
Bulgaria is a beautiful country and an interesting destination if you are a pensioner and are looking for a foreigner friendly country, and the most affordable cost of living country in the European Union.
How long can you live in Bulgaria?
If you wish to remain in Bulgaria for more than 90 days, I strongly recommend you to check the type D visa requirements. You will have to meet minimum requirements and apply for a visa before you travel. the stay of UK citizens in Bulgaria on a visa or residence permit basis will not count towards the 90-day limit.
