Is it worth investing in Bulgaria?

Is it worth investing in Bulgaria?

The economic and political stability in the country, the developed infrastructure, the awesome climate, the coastline, the mountains, the historical sites are all reasons why you should consider making an investment in Bulgaria.

Why should I invest in Bulgaria?

Bulgaria continues to be seen by many investors as an attractive low-cost investment destination, with government incentives for new investment. The country offers some of the least expensive labor in the European Union (EU) and low and flat corporate and income taxes.

Why is it so cheap to buy 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.

Will property prices rise in Bulgaria?

Most of Bulgaria’s major cities saw strong to moderate house price rises during the year to Q1 2021. Prices for new dwellings rose by 11.9\% while existing dwellings saw a price increase of 11.4\%. Plovdiv, the second largest city in Bulgaria, saw a modest overall house price growth during the year to Q1 2021, at 4.3\%.

Is Bulgaria a good place to buy a house?

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 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.

Can foreigners buy houses 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 foreigners buy property in Bulgaria?

What is the property market like in Bulgaria?

Property prices in Bulgaria have settled down from their peaks following EU accession – meaning that it’s possible to buy decent accommodation country-wide, (with the exception of a few exclusive suburbs in Sofia), for much less than you would pay in the UK for similar accommodation. Rent in Bulgaria on average is 74.06\% lower than in the UK.

Is Bulgaria a good country to live in?

Bulgaria is a funny country – it seems to have an almost equal number of expatriates happy or disaffected with life in Bulgaria. So, what are the pros and cons of living in Bulgaria?

What is the cost of living in Bulgaria?

Bulgaria’s cost of living is low only for those who earn above the average in the country. The average salary as of December 2020 in Bulgaria is around 1500 leva (£657.10 / $915.49).

Can I live in Bulgaria like a king?

So if your income comes from outside of the country and is of western standards then you can live in Bulgaria like a king. However, if you are employed locally and earn an average salary for the country, you will have to adjust your lifestyle accordingly. You need to contrast the cost of living with what you can expect to earn in Bulgaria.