Can I get residency in Bulgaria if I buy a house?

Bulgaria will offer permanent residency to foreigners who buy property worth at least EUR 307,000. Bulgaria has passed a law that will ease even further the process of granting citizenship to foreign investors in a bid to boost the country's ailing economy.

How do I get permanent residence in Bulgaria?

Permanent residence by prolonged stay

Obtaining temporary residence in Bulgaria and renewing it annually for a period of five years and residing physically in the country for 30 months in the last five years, you are eligible to apply for a permanent residence in Bulgaria.

Which countries give you residency by buying property?

In the European Union, Greece, Malta, Cyprus, Spain, Portugal, Latvia and Ireland offers different residency types for third-country citizens in exchange for a real estate investment. Portugal, Spain, Latvia and Ireland offer temporary residence permits in exchange for real estate investment.

Can non residents buy property in Bulgaria?

EU citizens

According to Bulgarian law, foreign citizens of EU countries or the European Economic Area (EEA) have the right to buy property in the country, including land. This also means that foreigners can invest in property in Bulgaria - either through a local legal entity or personally.

What are the rules for buying property in Bulgaria?

Bulgaria Residency For Expats, Nomads, and Pensioners (2021)

Is it worth it to buy property in Bulgaria?

Most banks are currently offering mortgage rates of around and even below 3%. Taxes are also among the lowest in all of Europe. Bulgaria has a low income tax (10%), and the property taxes in the bigger cities hardly pass the 2.5% mark, which is great news for all future investors in real estate.

Is it good to buy house in Bulgaria?

Bulgaria has proved to be a preferred destination for many international buyers. It offers the best property prices in Europe and a variety to choose from - beach and ski resorts, vibrant cities and beautiful countryside for holiday or relocation.

Can I buy a house in Bulgaria after Brexit?

In Bulgaria, non-EU citizens are allowed to buy built property and in this case they are treated exactly as EU citizens. Non-EU citizens, however, are not allowed to acquire land, so if a British national wants to buy a country house with yard, this may no longer be possible as an individual.

Can I get a mortgage in Bulgaria?

Both permanent and non-permanent resident aliens can obtain mortgages in Bulgaria, pretty much like Bulgarian citizens. The mortgage application process as well as the interest levels and conditions will be very similar to that of BG citizens.

Can I get citizenship if I buy a house?

Citizenship by Investment (CIP): These are programs where you can literally pay a fee (usually more than $100,000) or invest in property in exchange for full citizenship and a passport. Countries that fall into this bucket include Antigua & Barbuda, St. Kitts, St. Lucia, Grenada, Dominica, Cyprus, and Malta.

What is the easiest European country to get permanent residency?

Can you buy a house in another country without citizenship?

Non-US citizens can buy property since there is no citizenship requirement for real estate sales. In fact, foreigners can even qualify for a mortgage if they meet certain requirements. However, foreign property owners do face a more challenging tax situation than US citizens.

How long does it take to get Bulgarian residency?

A European citizen can receive a Bulgaria permanent residence certificate if he has been living in the country for an uninterrupted period of five years.

How much money do you need to retire in Bulgaria?

The cost breakdown is less than $1,200 per month. $1,156 per month on average. It costs me ~2000 leva per month to live in Sofia. The most expensive city in Bulgaria has affordable living costs on par with renowned "cheap" cities like Medellin or Manila.

Is it easy to immigrate to Bulgaria?

Short-term immigration to Bulgaria from US

The Type C visa is one of the most sought when it comes to American citizens who want to stay in Bulgaria for no more of 90 days. It is quite easy to obtain and only requires the applicant to file a request with the Bulgarian Embassy in the US in order to obtain it.

Why are houses so cheap in Bulgaria?

Reasons why in Bulgaria cheap property, a few: The consequences of the 2008 crisis and the sharp drop in demand, causing prices have fallen by 40%. Lower purchasing power of the population compared to an average level. The socialist heritage of the country.

Can English Buy House in Bulgaria?

Since 1 January 2012 all EU and EEA (European Economic Area) citizens 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 shares of the land, offices and other commercial properties.

Can I move to Bulgaria after Brexit?

British citizens seeking to move to Bulgaria after Brexit

Persons who want to enter Bulgaria starting with 2021 after the Brexit transition period is over do not need visas if their stay here will not exceed 90 days in a period of 180 days. They will only need their valid passport.

Where is the best place to buy property Bulgaria?

If you are looking for permanent residence, the best choice are the big cities. Such as the capital of Sofia, Burgas, Varna, Plovdiv where life is in full swing throughout the whole year. If you prefer quiet living, you can buy a home in small towns like Nessebar, Pomorie, Sozopol or Aheloy.

Is Bulgaria a good place to live?

Bulgaria is a pretty safe country and, in fact, one of the most peaceful and safe countries in the world. It's a nation of friendly people and low levels of violent crime.

Where do most expats live in Bulgaria?

Expats living in Bulgaria often flock to its capital city of Sofia. It is the cheapest city to live in Western Europe, considering rent for a one-bedroom apartment in the city center is less than $400 USD per month and a one-bedroom apartment outside the city center is less than $300 per month.

Will House prices Rise in Bulgaria?

In 2021, Bulgarian housing prices continue to rise. It is noteworthy that in 2021 prices for resort real estate on the sea began to grow. Firstly, this is due to the unprecedented activity of Europeans and Bulgarians, who are looking for profitable directions for investment.

Do you pay council tax in Bulgaria?

Every owner of a property in Bulgaria has obligation to pay council /local/taxes to the municipality where the property is situated.

Is Bulgaria a good country to retire to?

Bulgaria is a beautiful country and an interesting destination if you are a pensioner and are looking for a foreigner friendly country, and the most affordable cost of living country in the European Union.