Guides on Buying New Builds in Bulgaria
Frequently asked questions about new buildings in Bulgaria
What is the average price for new housing in Bulgaria?
Price sq. meter of real estate in new buildings in Bulgaria ranges from 1000 to 1500 euros. Luxury properties can cost 2 times more.
What are the advantages of purchasing an apartment in a new building in Bulgaria?
The purchased housing is suitable for personal residence during the swimming season. If the property is located in a popular resort area, you can earn money from it by renting it out.
In which cities are the most actively purchased properties in residential complexes in Bulgaria?
Increased demand is observed in resort areas - Burgas, Varna, Sozopol. The sale of apartments in the capital, Sofia, is also proceeding at an active pace.
What documents and permits are needed to purchase a new home in Bulgaria? Are taxes required?
Foreign buyers present a foreign passport, a certificate of marital status and a declaration confirming the legal origin of the funds. No purchase permits are required.
For the purchase of real estate, a municipal tax is paid - 1.5-3.5% of the cadastral value of housing. Notary and registration fees are also provided - they do not exceed 1% and 0.1% of the market price of the property, respectively.
For the purchase of real estate, a municipal tax is paid - 1.5-3.5% of the cadastral value of housing. Notary and registration fees are also provided - they do not exceed 1% and 0.1% of the market price of the property, respectively.
