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Why choose Bulgaria for a second home or real estate investment?
What are the main benefits and features of Bulgaria as a country, and a place where you might want to spend your vacations or live permanently?
- A SMALL but ATTRACTIVE COUNTRY with HUGE POTENTIAL — Bulgaria is a small Balkan country in South-Eastern Europe. Its population is about 6 million people and the country is spread over an area of about 111,000 square kilometres. In recent years Bulgaria has undergone a period of dynamic development. The exceptional qualities of the country attract large numbers of tourists, investors and people from all over the world who have chosen Bulgaria as their second home.
- THE HUGEST DIVERSITY OF NATURAL LANDMARKS in Europe — warm sea, tall snow-covered mountains, fast flowing rivers, mineral water sources (over 225 natural springs), dense forests and fertile fields.
- A HISTORY and CULTURE GOING BACK THOUSANDS OF YEARS — Bulgaria is one of the most ancient countries in Europe. It was founded more than 1300 years ago! Bulgaria made a significant contribution to the development of Slavonic languages and literature. It was the birthplace of the Cyrillic alphabet in the 9th century.
- A STRATEGIC LOCATION on the Balkan Peninsula in Southeast Europe. Bulgaria has sea and river access via the Danube river and the Black Sea, it can also be easily accessed by land, air and water transport from all European countries.
- A WONDERFUL TEMPERATE CLIMATE with 4 distinct seasons — spring, summer, autumn and winter.
- THE BEST PROPERTY PRICES in the European Union! No other country can offers properties with a similar location and benefits at such attractive prices.
- NO RESTRICTIONS ON WHO CAN BUY PROPERTIES — Foreign legal entities and physical persons from any country can buy real estate in Bulgaria without restrictions. Only when buying agricultural land do you have to register a Bulgarian company. It's an easy and inexpensive procedure which we can offer our clients.
- A WIDE VARIETY and rich selection of properties in beach resorts, mountain and ski resorts, spa and balneo centres, as well as properties on golf courses, city and rural properties.
- WELL DEVELOPED WORLD-CLASS RESORTS — sea, mountain, ski , golf, spa and balneological .
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COSMOPOLITAN CITIES
— Bulgaria's largest cities - Sofia, Plovdiv, Varna and Burgas — Bulgaria's largest cities - Sofia, Plovdiv, Varna and Burgas offer the entire range of opportunities for employment, business, education and entertainment which are available in every major world metropolis.
Smaller cities such as Ruse, Veliko Tarnovo and Vidin attract people from all over the world with their tranquil atmosphere, historical monuments, low property prices and service costs. They also offer beneficial conditions for business development.
- PRISTINE NATURAL ENVIRONMENT — Bulgaria is a centre for light industry, tourism, IT, services and agriculture. This has to a large extent preserved the pristine condition of the natural environment, especially in the country's rural and mountainous areas.
- A MODERN DEMOCRATIC STATE — Bulgaria is a modern state with a democratic political system, a well developed market economy and free media. Property and freedom are fully protected by the legal system.
- MEMBER OF the EUROPEAN UNION — Bulgaria has been a full member of the European Union since 2007. This provides the country with a number of benefits such as European legislation, access to European funds and funding, access to the entire community market and its funds.
- THE LOWEST LEVEL OF TAXATION in the EU — Corporate tax and personal income tax are strictly fixed at a flat rate of only 10% - the lowest level in Europe! The same applies to property tax — a resale tax of only 10% on profit, if you sell your property within 3 years of purchase. If you sell one property 3 years after purchase, no tax is payable on the resale profit. You can sell two properties tax-free 5 years after purchase. There is no inheritance tax for direct family members (spouses, children, grandchildren and great grandchchildren). Donations of property or financial funds between family members are also tax-free. Bulgaria has double tax agreements with more than 70 countries.
- LOW LEVEL OF BUREAUCRACY in property transactions. Property transactions can be completed and registered in the official register within a couple of days with minimal notary fees and local tax.
- THE LOWEST COST OF LIVING in the European Union — our country offers the lowest total cost of living. At the same time, the quality of services and products on offer is at a high European level.
- ECONOMIC STABILITY — since joining the EU in 2007, Bulgaria has benefited from dynamic economic development, financial stability and a constant growth of gross domestic product. The country has witnessed a steady growth in income and living standards. The levels of unemployment (around 4.8 % in 2021) and inflation (around 7% in 2021) are among the lowest in Europe, despite the negative impact that the Covid pandemic has had on the Bulgarian economy.
- POLITICAL STABILITY — Bulgaria has developed as a parliamentary republic with local government institutions and a clear separation of the legislative, executive and judiciary powers. The country is governed by the 1991 Constitution and the laws of the country. Political life is based on the principles of political pluralism. The executive power resides with the Prime Minister and the government, while the President has mainly representative authority. Тhe Parliament (National Assembly), President and Bulgaria's representatives in the European Parliament are elected by means of democratic national elections, by direct vote.
- ETHNIC TOLERANCE and lack of ethnic conflicts — there has no serious ethnic conflict in Bulgaria in the last 30 years. A number of nationalities coexist peacefully in the country. The largest ethnic group are Bulgarians (85% of the population), followed by Turks (9%) and Roma (5%). There are also a number of smaller ethnic groups such as Russians, Armenians, Ukrainians, Jews, Romanians, British, and Germans.
- WELL DEVELOPED TRANSPORT — The main transport corridors from Europe to the Middle East and Asia pass through Bulgaria. The long coastal border with the Danube and the Black Sea guarantee easy access by water to all European and world markets. Bulgaria enjoys well-developed domestic transport (highways, railways, public transport, the metro network in the capital city), as well as international transport. The country can be accessed by direct air links from almost all European countries. A significant development in recent years has been the emergence of low-cost airlines such as Wizz Air, RyanAir, easyJet, and others which fly to major cities in the country.
- GOOD HEALTHCARE — Despite some problems, Bulgarian healthcare is traditionally of a good quality and is widely available. The modern medical facilities can also be used by foreigners with health insurance. Private medical services and hospitals are well developed and offer high level services on a par with the best in the world.
- EUROPEAN LEVEL EDUCATION — A high level of university education is provided by over 50 accredited institutions of higher education (public and private), all recognised in Europe and in many other countries around the world. Secondary education is also of a very high level, and provided free-of-charge in state schools. More than 15000 foreign students are currenly studying in Bulgaria, mainly from Greece, United Kingdom, Germany, Turkey, Ukraine and other countries.
- WELL-DEVELOPED SOCIETY — there is a lack of prejudice or animosity towards people with different sexual orientation, ethnic or religious affiliation. Bulgarians are an open and peaceful people who respect people's differences and their choices.
- HOSPITALITY and TOLERANCE TO FOREIGNERS — Bulgarians are famous for their traditional hospitality which has been experienced by everyone who has visited our country at least once in their lives.
- RELATIVELY EASY IMMIGRATION procedures through temporary and permanent residence in Bulgaria, based on a number of grounds (retirement, business, work, education, property ownership, etc.). There is also extremely tolerant legislation towards foreign pensioners. People from many countries around the world come to Bulgaria and enjoy the privilege of permanent residence and retirement on their pensions. Bulgaria offers permanent residence (Golden Visa) in return for an investment of 250,000 Euros in an economic entity (company). Bulgarian citizenship can also be obtained in return for an investment of 512,000 Euros in government bonds.
- MATURE REAL ESTATE MARKET — a well-balanced development phase with a constant average price growth of around 5% per year. Investment in high-value properties can provide a stable combined rental yield, as well as an increased capital investment value.
How can we help you with buying or renting a property in Bulgaria?
Professional services and full assistance from SUPRIMMO on all matters related to the acquisition of property and after-sales service
Professional advice in the purchase of property
Wide portfolio of properties throughout Bulgaria
Property viewing trip in Bulgaria accompanied by our consultant and interpreter
Price negotiation and terms of purchase with the seller
Processing of the documents for the acquisition of the property
After-sales services and a full range of services at a local level
Our clients reviews & testimonials ()
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Information about PROPERTY.BG by SUPRIMMO. Who are we?
PROPERTY.BG by SUPRIMMO is Bulgaria’s leading real estate agency, dedicated to helping foreign buyers and investors acquire property in the country. The agency was founded in 2002 by Bulgarian property experts Nic Stoyanov and Orlin Orestov. Since its creation it has focused on property sales and rentals throughout Bulgaria, including the capital Sofia, all major cities (Varna, Burgas, Plovdiv, Ruse, Veliko Tarnovo and Vidin), the main resorts (ski/mountain, beach, golf and Spa), as well as the country’s rural areas. Specialists in helping foreign buyers and investors, we offer a full range of professional brokerage and legal services, whether you are looking to purchase, rent or invest in property anywhere in Bulgaria.
PROPERTY.BG underwent a major transformation in 2018 when it became a full subsidiary of SUPRIMMO REAL ESTATE GROUP (the family-owned business of Nic and Nevena Stoyanov). As a result, it now has access to the property listings, experienced agents and professional marketing tools associated with SUPRIMMO’s network of 15+ own and franchise offices and 150+ property professionals, based in Sofia and all major cities and resorts in Bulgaria. The number of Bulgarian property listings in our portfolio exceeds 9,000 with total of approx. 20,000 properties available for sale or for rent. Being a part of STOYANOV ENTERPRISES, a major corporate group in Bulgaria dealing in all aspects of the property industry, we and our sister companies can provide a full range of professional services in high demand by foreign investors in our country who are looking to purchase, rent or invest in property anywhere in Bulgaria:
Professional estate agency services for property sales and rentals through our sister companies: SUPRIMMO and PROPERTY.BG(full-service property consultants), STONEHARD(for new build properties), LUXIMMO FINEST ESTATES and BARNES BULGARIA (for luxury real estate), RENT A HOME (short- and mid-term rentals), BUSINESSFORSALE.BG (for businesses).
Organising of trips and property viewings in any part of Bulgaria.
Research into property ownership and titles to the smallest detail by the help of our in-house legal advisors.
Collection of all documents and preparation of all paperwork needed for a deal completions before the local Notary publics.
Legal support and servicing provided by our own teams of professionals, including formation of Bulgarian companies to purchase property.
Tax consultation and optimisation by our recommended tax specialists and accountants.
Negotiation of most favourable price and conditions for property purchase or lease on behalf of our customers.
Sourcing of suitable properties on demand by our customers by searching the complete market and listings from other local agents.
Providing a full spectrum of after-sale services that might be needed by our foreign property buyers and investors — refurbishment and repairs, interior design and furnishing, accountancy services, mortgage finance and many more through out sister companied and brands.
Mortgage finance through our mortgage broker SUPER CREDIT.
Furnishing and interior design through our company FURNISH.BG.
Development and construction of new-build residential properties through our sister development company TASKOV & STOYANOV.
Our unique business model is based on a powerful multi-brand structure covering all aspects of the property business in Bulgaria. Over the years we have developed a range of teams of consultants, and departments in our sister companies. Each of them is specialized in a specific market segment. In this way we cover not only the entire country, but all groups of clients looking for properties, ranging from budget to medium level, right up to the highest class of luxury properties. We can also provide all the concomitant services which property buyers could need during the buying process, including after sales services. Only by providing all services in a one-stop-shop, we can guarantee the highest possible level of service and maximum security. Our clients are in safe hands from start to end!
PROPERTY.BG’s founding principles are as important today as they were when the company launched back in 2002, and our valued foreign clients continue to rely on us as their trusted estate agent and advisor in Bulgaria. Our mission remains unchanged after 20 years in business:
1. To provide service to foreign buyers and investors in Bulgaria, including local support and professional services related not only to real estate but also day-to-day issues that could affect any foreign national in Bulgaria.
2. To develop and maintain an extensive network of local offices with teams of professional agents all over Bulgaria, in order that we can be as close as possible to our properties and customers.
3. To build and offer an extensive portfolio of properties covering the whole market spectrum — residential, commercial and land, in all Bulgarian provinces, as well as the capital city of Sofia.
4. To provide the highest level of global marketing services and tools to all sellers and landlords who have entrusted their properties to us to either sell or rent out.
5. To protect the interests of our clients in every way, by maintaining professional in-house teams of experienced property specialists, legal advisors and tax advisors.
6. To provide a comprehensive after-sale service to all of our customers, so that their purchase and/or move to Bulgaria is stress-free and done in the most financially beneficial way.
Our contacts
If you would like to contact us, please fill in the enquiry form with as much details as possible. This will help us provide you with a comprehensive answer to all your questions. Should you prefer to contact us directly by phone or email, please use the contacts given below. If you would like to make a phone call or visit our office, please mind the opening hours. We look forward to hearing from you!