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: email@example.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
2021 has started with a strong interest, many inquiries, viewings and already agreed new deals!
The Bulgarian real estate market now offers excellent conditions of which you can take advantage and list your property for sale with us!
Professionalism is proven best in difficult times. Since the very beginning of the pandemic, we haven't stop closing deals, providing f...
We gave a great start to this year - with strong interest, many inquiries, viewings and already agreed new deals! 👏✨
And now let's meet the agents of the month - the people who were online during the holidays and worked literally until the last hours of last year to help you complete your plans and finish 2020 happy and satisfied with a new home and wonderful new emot...
In 2020 BULGARIAN PROPERTIES kept the tradition and for the 13th time presented its Annual Awards for the best results and highest achievements over the past year.
This happened during a virtual ceremony attended by teams from the company's offices across the country.
2020 took a lot from us, but at the same time it gave us more enthusiasm, energy and c...
On 18th December A Place in the Sun showed an episode about house hunting in Tryavna, Bulgaria. BULGARIAN PROPERTIES helped Jonnie Irwin find a suitable home for Sarah - a teacher who fell in love with Bulgaria some 30 years ago while she was teaching here.
We picked 2 properties which met the requirements: a house near Tryavna for £ 27 364 and another house in the area for £ 34 58...