0
Sign in
Hello,
Favourite properties (0)
Saved searches
Selected for you
Notifications
Subscriptions
Settings
Sign out
Close

EU citizens can buy properties in Bulgaria with no need to register a company

2014-05-09   |  Polina Stoykova, Managing Director & Head of Research

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

Share
Properties in the Bulgarian Beach Resorts!
Check our selection of properties on the Bulgarian Black Sea Coast! Attractive prices starting from just 15,000 Euros for a furnished studio! Regular flights to Burgas and Varna international airports. Perfect for frequent visits, summer holidays and more.
See More
Properties with 360-degree virtual tours
Feel the unique atmosphere of Bulgarian properties with the virtual tours we offer! At any time, with just one click, you can travel to your dream home, with no need for appointments and trips.

The virtual tours are taken personally by our team and are with guaranteed authenticity. We show you every detail of the property, just like being live in there!
See More

More News

latest news
Veliko Tarnovo is attractive for investment and permanent living

The Regional Manager of BULGARIAN PROPERTIES for Veliko Tarnovo and Garbovo - Dimitar Pavlov - analyzes the market of housing and rural houses in the region.

Veliko Tarnovo has always been an attractive area for investment and permanent living. Properties in the area over the last 20 years have continued to attract the interest of both Bulgarian and foreign buyers from various coun...

26 June, 2022
Company news
BULGARIAN PROPERTIES gathered in Sofia

The team of BULGARIAN PROPERTIES came together to share what has been achieved in recent years!

The meeting in Sofia was attended by Mihail Chobanov, Polina Stoykova, Viktor Vucheliiski - owners of BULGARIAN PROPERTIES, as well as the company's team from all over the country.


In front of the iconic first building of Vitosha View complex

08 June, 2022
Company news
BULGARIAN PROPERTIES Agents of June 2022

It's already June and we are heading towards the end of the first half of 2022!
Over the past month we have managed to enrich our portfolio with many interesting properties, among which we can distinguish one of the largest projects that have come to the market in Sofia - Central Park 🏙

We prepared a number of market reports and presented them to reputable media such ...

03 June, 2022
Company news
BULGARIAN PROPERTIES Agents of June 2022

It's already June and we are heading towards the end of the first half of 2022!
Over the past month we have managed to enrich our portfolio with many interesting properties, among which we can distinguish one of the largest projects that have come to the market in Sofia - Central Park 🏙

We prepared a number of market reports and presented them to reputable media such ...

02 June, 2022

REQUEST DETAILS