How to buy property in Bulgaria

How to buy property in Bulgaria

How to buy property in Bulgaria – we present you espert’s advices for your use. 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. They can provided that the apartments don’t come with ideal parts of the land on which the apartments were built. Most of the apartments for sale in Bulgaria are sold without parts of the land.


  • Verify that the seller is the actual owner of the property.
  • Verify that there are no legal impediments to the transfer of the property.
  • Draw up of the Notary Deed (same as Title Deed in the UK), also called Title Deed.
  • Draw up the Preliminary Sale contract.
  • Register the Notary Deed with the Property Registry at the Registry Agency, which ensures the rights of the buyer in case of possible claims of third parties. Since then the buyer has every right to dispose with mortgages, rentals, sale etc.
  • File a tax declaration, levying an annual tax at the Local Taxes and Fees Department at the municipality where the property is located.
  • To obtain permanent residence and Bulgarian citizenship by investment in real-estate.
  • To provide the most competitive conveyancing fees in Bulgaria.


When buying a house with a garden or a plot of land one must know that generally land cannot be sold to non-EU citizens. Can only be bought by registering a Bulgarian company.

On the other hand, EU physical and legal persons are allowed to buy houses with gardens and regulated plots of land in Bulgaria on their own names as physical persons. The Treaty of Accession of Bulgaria to the EU allowed Bulgaria to keep the prohibition for EU physical and legal persons to buy land in Bulgaria. For up to 5 years for land after its accession to the EU. The 5-year term has now finished and since 1.01.2012 all EU persons are allowed to buy land in Bulgaria. This applies to houses with gardens, all plots that are within the zoning of the settlements, apartments coming with ideal parts of the land, offices and other commercial properties. The same applies for citizens of countries from the European Economic Area (EEA).


  • Properties in Bulgaria value by square meter instead of rooms as in the United Kingdom. A three-bedroom apartment may turn out to be a tiny expensive panel box.
  • Real-estate agents mention the total size of the property in square meters without mentioning the size of the common parts. (The common parts are non-usable BUT you will pay them as regular square meters).
  • Some property offers may look very attractive, however, when buying a property in Bulgaria you should always remind yourself that you get what you pay for. There is always a good reason why the property is undervalue.
  • Agents’ commission vary between 2,5 % – 3,5 % of the value of the property.
  • The price of the advertised properties is usually higher than the real value leaving some room for negotiations. Common practice is the price of the property can be lower by 5-10% in the course of dealing.


The costs incurre during the sale of the property must be share equally between the parties. It is a rool ccording to the Art. 186 of the Obligations and Contracts Act

The following fees you must must upon the performance of the formalities of the deal at the notary’s office:

  1. Notary fee, calculated as per the Notary Fees Tariff on the certified material interest. (In case of difference between the tax evaluation and the sale price – on the higher amount.) + 20% VAT.
  2. Fee for the registration of the title deed with the Property Register at the Registry Agency, amounting to 0.1% of the certified material interest.
  3. Tax in the case of onerous acquisition of property, amounting to 0.1 to 3 %. The tax rate for each municipality determines by the municipal council.

The first – tax calculates on the basis representing the higher of the two values.
The second –  tax evaluation of the property, determined in compliance with the rates stipulated under Annex 2 to the Local Taxes and Fees Act or the agreed price.

For this purpose, before the performance of the deal at the notary’s office, the owner of the property must obtain a Certificate of Tax Evaluation issued by the municipality where it is located. The total of these amounts pays to the notary and the latter performs the registration of the title deed and pays the fees due.

Depending on the situation, additional charges may be require to be paid as remuneration of the real estate agent /agency/ – determined by negotiation, usually at the rate of 2.5 to 3%.

Buying a property in Bulgaria you may become a tax resident of Bulgaria.

Annual tax on the property.

The owner of the property has to pay annual property taxes.  You will pay two property taxes: property tax and garbage collection,  paid at the local municipality.