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: firstname.lastname@example.org. 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
In 2022 the housing market in Bulgaria became red hot, experiencing price growths which we hadn't seen in over a decade. This is a direct consequence from the high inflation, which has caused house prices to accelerate their growth rate from 8-10% in 2021 to over 20% in 2022.
Throughout the year we have observed a steady demand but insufficient supply. Thus, a signific...
1,470 Euros per square meter is the average price of properties in the Bulgarian capital for the third quarter of 2022.
The annual growth is 22.5%, according to the data of one of the largest agencies operating on the market in Bulgaria - BULGARIAN PROPERTIES.
Expressed in monetary value, this represents a nearly €300 per square meter inc...
We're entering November and we can't wait to share with you the agents of the new month, as well as the current trends in the market!
The month of October continued the trend from the summer for very good activity. Deals were concluded in Sofia, Plovdiv, Varna and Burgas (where we have a strong presence both on the market of new construction and on the secondary market), as well as ...
We are entering the last quarter of this extremely dynamic year. It's exactly the time of the year when the real estate market in Bulgaria is most active, both in the big cities and in the villages and resorts.
An excellent time for putting a property on the market, conducting viewings, and closing deals by the end of the year. Wish us success!
September was marked by a very...