EU citizens can buy properties in Bulgaria with no need to register a company
It is widely known that when buying a house with a garden or a plot of land in Bulgaria a foreign buyer needs to register a Bulgarian company because land cannot be sold to foreign persons.
The good news is that this rule has changed and EU physical and legal persons are now allowed to buy properties that come with land in their own names.
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 regulated land and up to 7 years for forests and agricultural 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 regulation applies for citizens of countries from the European Economic Area (EEA).
For all other foreign persons, who are not citizens of EU or EEA countries, the overall restriction to buy land in Bulgaria is still valid, which means that they need to register companies.
This is a major change and liberalization of the Bulgarian real estate market. It comes in combination with lower property prices, which have dropped with around 50% since the beginning of the crisis. Presently Bulgaria offers the most attractive real estate prices among all other European countries. These factors will contribute for a greater demand for properties by foreign European buyers.
For more information, please call us on +359 2 9 11 50 or send us and e-mail.
Property buying procedure in Bulgaria
Rural houses in Bulgaria for sale
About buying agricultural land in Bulgaria
---
Copyright: 2014 Bulgarian Properties Ltd. All rights reserved. For further information or advice please contact us on tel.: +359 2 9 11 50 or e-mail: info@bulgarianproperties.com. The use of this article by third parties is allowed only with proper quotations of the source www.BulgarianProperties.com and the Author of the article. The data in this material has been collected by the Author and Bulgarian Properties Ltd. and is presented for information purposes only. We have made every effort to ensure the accuracy of the data. However, Bulgarian Properties Ltd. cannot be held responsible for loss or damage as a result of decisions made based on the information presented in this article.
© Bulgarian Properties Ltd. 2014.
Read more news
More News
Housing in Sofia rose by 48.6% in four years. This ranks the capital in first place among the major cities in the ranking of property prices. The prices of newly built apartments in Sofia in the first quarter of the year are 43.3% higher than in 2015, according to data from the National Statistical Institute. In the case of existing apartments, the increase for the same period is much higher - by ...
🌞 August was the MONTH of the MONTHS with a record-high 📈 activity on the Bulgarian real estate market and excellent results of our offices throughout the country.
And Ivan Krumov was the AGENT of the AGENTS with sales volume in the 🏗 new phase of the hit complex ⭐Park View Residence⭐, which only a few manage to make for a whole year! In just two months...
We are proud do announce that we have been become a GOLD MEMBER of PropTech Bulgaria - the PropTech Hub of Bulgaria, officially representing the largest international PropTech organizations, as well as Bulgaria in these organizations.
We have been recognized as construction and real estate innovators and we are happy to be able to contribute to the technological development in the ...
(CNN) — For more than a century, Bulgaria has had little trouble enticing people to its beach resorts scattered along the Black Sea coast. City-breakers head to its main cities -- including Sofia, the capital, and Plovdiv, the 2019 European Capital of Culture -- for an enjoyable blend of culture and hearty Bulgarian gastronomy.
Rila National Park -- the country's large...
