Buying Real Estate in Bulgaria or France
Real Estate Law
Our real estate law clientele consists of individuals, real estate developers and private investors, local and foreign.
We advise buyers and sellers of real estate in Bulgaria and France. We work with exclusive partners and are able to find the best solution for you and for your project.
IInvesting in Real Estate in Bulgaria: Economic Opportunities and Rapid Growth
Real Estate in Bulgaria – especially in its capital, Sofia – is experiencing exceptional momentum, with property prices rising dramatically by 50% to 70% since 2015.
Located in Southeast Europe and only 2.5 hours by flight from Paris, Bulgaria offers a rich diversity of landscapes: mountains, plains, forests, lakes, and the entire Black Sea coastline. The country is also known for its wealth of thermal springs. Ranked second in Europe after Iceland in terms of number of thermal sources, Bulgaria is a true natural haven for those seeking wellness and relaxation, with countless spa hotels across the country.
Bulgaria has a population of around 7 million and has been a member of the European Union since 2007. The country is expected to join the Schengen Area and adopt the euro between 2024 and 2025.
The current local currency is the Bulgarian Lev (BGN). One euro exchanges for nearly two Bulgarian levs, and this fixed rate will remain in place until the official adoption of the euro. Furthermore, the euro is already widely used in the Bulgarian economy: many real estate transactions and rentals are denominated in euros, and an increasing number of Bulgarians choose to save in euros.
Key Factors Attracting Investors to Real Estate in Bulgaria
Affordable prices per square meter
Property prices in Bulgaria remain highly accessible compared to other EU countries. Bulgaria has some of the lowest real estate prices in Europe, although prices have been rising steadily by 5–10% per year in recent years.
In the capital city, Sofia, prices vary by district but generally range from €1,500 to €2,500 per square meter. In Varna, along the Black Sea coast, prices range from €800 to €1,500 per square meter.
Attractive tax system
Bulgaria also offers an appealing tax regime, with a 10% corporate tax rate, the lowest in the EU. Individuals benefit from a flat tax of 10% on personal income. Capital gains from real estate are also taxed at 10%, but become exempt after three years of property ownership.
What is the role of a real estate lawyer in Bulgaria?
A real estate lawyer in Bulgaria plays a key role throughout the entire property acquisition process. Their expertise includes thoroughly reviewing all documents related to the transaction and ensuring strict compliance with all administrative requirements.
Investing in property abroad always involves a degree of risk, which is why the lawyer ensures proper due diligence to avoid surprises and protect your investment from the outset.
How to buy an apartment or house in Bulgaria?
There are two main ways to acquire property in Bulgaria:
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In your personal name ;
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Through a Bulgarian company.
Where are most property investments in Bulgaria concentrated?
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Sofia: As the capital, Sofia is the top choice for buy-to-let investments due to its accessibility, growing foreign student population, and increasing number of expatriates. It offers a dynamic rental market.
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Varna: Located on the Black Sea coast, Varna has affordable real estate prices and is ideal for seasonal rental investment thanks to its golden beaches and popularity with tourists.
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Plovdiv: Just 1.5 hours from Sofia, Plovdiv is Bulgaria’s second-largest city and was named European Capital of Culture in 2019. Its rich history, pleasant climate, thriving industry, and high quality of life make it highly attractive to investors.
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Burgas: Along with nearby coastal resorts, Burgas is a popular destination for both Bulgarian and international tourists. The region is known for its fine sandy beaches, natural beauty, and is home to Bulgaria’s largest seaport.
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Bansko: Situated at the foot of the Pirin mountains, about 2 hours from Sofia, Bansko offers access to popular ski slopes in winter and scenic hiking trails the rest of the year.
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Borovets: Just 1 hour from Sofia, Borovets is a well-known ski resort surrounded by breathtaking nature. It's a growing real estate market offering investment potential both in winter and summer tourism.
NSP Avocats supports investors and expatriates alike throughout their journey in Bulgaria. Our team of experts is available to provide thorough analysis and legal support for all documents related to your real estate project.
Contact us to discuss your plans and benefit from personalized guidance.