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Did you know that...

! Bulgaria has no less than 5 neighbouring countries? Serbia, Montenegro, Macedonia, Greece and Turkey.

! Bulgaria has a temperate climate? Winters are cold and summers are long and warm.

! nodding means you disagree? When Bulgarians want to express agreement they shake their heads.

! Bulgaria is bound to become a golf nation? There are 19 golf courses currently under construction. 

Prices in Bulgaria

The cost of living in Bulgaria in comparison with the rest of Europe is much lower.


Comparing prices within the EU countries, EU27 = 100


 

bread

meat


milk


alcohol

tobacco

EU27

100

100

100

100

100

BG

41

48

82

69

51


Source: Eurostat 2006 

Bulgaria

Area:110,550 km2

Population: 7,262,675
Capital: Sofia
Language: Bulgarian (85%)
Currency: Leva
Major religion: Bulgarian Orthodox (83%)

(Source: CIA; October 2008)

Bulgaria has been discovered as a great country for holidays in recent years. Bulgaria has developed tremendously after it joined the EU and many Europeans find it a very appealing country for a second home.

Living in Bulgaria

The Black Sea coast is by far the most popular area in Bulgaria. There you can find sun, sea and sand as well as modern resorts, exciting nightlife, waterparks, golf courses, but also beautiful historical sites and small fishing villages free from mass tourism.


This diversity is a feature of Bulgaria that appeals to many people. The rest of the country has a lot to offer, too. There are beautiful, elaborate national parks and excellent winter sports options. Bulgaria also has plenty of age-old cultural treasures and springs that are said to be medicinal. Sofia, the capital of Bulgaria, is worth visiting, as well. It is one of the oldest towns in Europe with buildings from different cultures and ages.


But one of the most important reasons for its popularity is Bulgaria's cheap cost of living. Even airlines offer cheap flights outside of the high season so that you can easily reach your second home in Bulgaria. Bulgaria is also in demand because of the friendly people, delicious wines and age-old history. In view of future developments and the arrival of the euro Bulgaria will surely develop into a perfect holiday destination with character.

Bulgarian house prices

More Europeans have been buying a second home in Bulgaria in the past few years and this trend is expected to continue in the near future. The house prices make it very attractive to buy a property in Bulgaria. Although house prices have soared after Bulgaria joined the EU, they are still very low compared to European standards. And Bulgarian house prices are still rising. Should this trend continue, a second home in Bulgaria might prove to be a good investment.

 

Price

Bulgaria

€ 84,694

 

Sophia

€ 45,694

Size

House

130 m2

 

Apartment

62m2

Sales Duration

 

45 days

Source: ERA survey 2008

Buying property in Bulgaria

When you have found a property in Bulgaria there are a couple of things you need to take into account before you proceed to the buying process. There are some restrictions for foreign buyers who want to buy overseas property in Bulgaria: among other things you will have to set up a Bulgarian company if you want to own a property in Bulgaria and the land it stands on. Click here to learn more about setting up a Bulgarian company, the costs of setting up a company and Bulgarian tax rates.

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Looking for Bulgarian overseas property, but haven’t found the second home of your dreams yet? Find a suitable second home in the range of Bulgarian homes of MySecondhome.