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.

How much do you need to live comfortably in Bulgaria?

Family of four estimated monthly costs are 1,894$ (3,444лв) without rent. A single person estimated monthly costs are 542$ (986лв) without rent. Cost of living in Bulgaria is, on average, 42.62% lower than in United States. Rent in Bulgaria is, on average, 77.53% lower than in United States.

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.

What do I need to retire to Bulgaria?

Applying for retirement visa type-D (non-EU)

Two identical passport photos. Currently valid passport with at least one blank page for the visa type-D stamp. Official retirement certificate issued by the competent authority of the applicant's country of residence. Proof of sufficient funds for the stay in Bulgaria.

Is Bulgaria cheap to retire?

Cost of living is one of the biggest factors when deciding where to retire abroad to. Compared to other EU countries, Bulgaria is a very inexpensive country to live in. This is due to low salaries compared to other European countries. Real estate prices are some of the lowest in Europe.

8 Best reasons to retire to Bulgaria! Living in Bulgaria!

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.

Can a foreigner buy a house in Bulgaria?

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.

Can I retire 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.

How safe is it to live in Bulgaria?

Bulgaria is a very safe country. It scores high marks on the Global Peace Index of 2020, has a generally low level of serious crime, no real political upsets, and a complete lack of any terrorist threat. It is quite a laid-back, friendly with a welcoming population of people.

What do I need to move to Bulgaria?

Why is property 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.

What is the best place to live in Bulgaria?

Is Bulgaria cheaper than Greece?

Bulgaria is 41.5% cheaper than Greece.

How much is the average house in Bulgaria?

In H1 2021, the average sales price ranged from €156,000 to €194,000 for two-bedroom apartments and from €226,000 to €270,000 for three-bedroom apartments, according to Colliers International. Prices of houses start at €486,000.

Is Bulgaria cheaper than Portugal?

Portugal is 46% more expensive than Bulgaria.

Does Bulgaria have good healthcare?

The quality of healthcare in Bulgaria does not meet the standards of most Western European countries. Although Bulgarian doctors and medical staff are highly trained, Bulgaria's health infrastructure has been poorly funded and many hospital facilities are in poor condition.

Does Bulgaria speak English?

In general, English proficiency is quite low across Bulgaria as a whole, with around 25% of the population speaking it overall. However, English is quite widely spoken specifically in the central areas of the capital Sofia due to the amount of tourists.

Is it worth investing in 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.

Does Bulgaria have a retirement visa?

The residence permit for retired people is granted for a period of up to 12 months and it can be renewed annually. The holder of a residence permit granted on the basis of retirement abroad can apply for family reunification in Bulgaria for his/ her not retired partner and children of not over 18 years old.

How many English live in Bulgaria?

At last count, nearly 9,500 Brits have officially made the move to Bulgaria, where their hard-earned savings go a lot further than in the UK. Another estimated 2,000-6,000 live in Bulgaria part-time, and are thus not registered as permanent residents.

Does Bulgaria allow dual citizenship?

Dual citizenship (also known as dual nationality) is permitted in Bulgaria only for native-born citizens. This means that naturalized citizens are required to give up all other nationalities.

What is the healthcare like in Bulgaria?

Bulgarian healthcare is universal and state funded through the National Health Insurance Fund. Bulgaria spends around 4.2% of its GDP on healthcare and has around 1.8 doctors per 1,000 people, which is above the EU average.

How long can you stay in Bulgaria without a visa?

You can travel to Bulgaria for up to 90 days in any 180-day period without a visa. This applies if you travel as a tourist, to visit for family or friends, to attend business meetings, cultural or sports events, or for short-term studies or training.

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.