Accommodation Bulgaria

Renting housing in Bulgaria, whether for a short or long term, requires a careful approach and knowledge of local features.

 

Rental Term: Determine if you need a short-term (up to 6 months) or long-term (more than 6 months) rental option.

 

Finding Housing

- Use specialized websites to search for real estate in Bulgaria.

Realting: A platform with up-to-date offers for long-term residential property rentals.

Airbnb: Suitable for short-term rental of furnished accommodation with a kitchen and all amenities.

Bulgaria Avenue: Offers current proposals for property rentals by the sea, in the city, and in the mountains.

- Real estate agencies: Contact local agencies that will help you find housing and arrange the necessary documents.

- Social networks and forums: Local groups and communities can be useful for finding housing and getting recommendations.

 

Checking Housing

Inspection: Personally inspect the housing or request detailed photos and videos.

Condition: Ensure that all utilities, furniture, and appliances are in working order.

Location: Evaluate the infrastructure of the area, transportation accessibility, and safety.

Rental Agreement

The rental agreement establishes the rights and responsibilities of the tenant and landlord, providing legal protection for both parties. The agreement outlines rental conditions, including the rental fee, terms, payment procedures, and housing maintenance responsibilities.

 

Purchase Agreement

The contract documents the transfer of ownership from seller to buyer; it ensures the legality of the transaction and protects the rights of both parties. A notarized purchase agreement is required for the official registration of ownership in state registries and when arranging a mortgage.

 

The rental/purchase agreement is necessary for:

- Registration at the place of residence in Bulgaria.

- Confirmation of housing when obtaining a visa or residence permit.

- Opening a bank account by confirming the residential address.

- Obtaining a personal tax number or unique citizen number by confirming the residential address.

Renting housing in Bulgaria has its own characteristics, which are important to consider when looking for a suitable option.

 

Furniture in Housing

 

Furnished Apartments: Most rental offers in Bulgaria are fully furnished apartments. This is particularly relevant for short-term rentals, where the housing is equipped with all necessary furniture and appliances.

 

Unfurnished Apartments: For long-term rentals (more than 6 months), options without furniture or with a minimal set can be found. This allows tenants to furnish the property to their liking.

 

Renting Directly from the Owner

 

The possibility of renting without intermediaries: In Bulgaria, it is common to rent properties directly from owners. This avoids additional costs for agency services.

Searching for Offers: Owner listings can be found on specialized sites, social networks, and local newspapers. However, one should be cautious and verify the legitimacy of the information.

 

Real Estate Agency Commission

Commission Rate: Real estate agencies in Bulgaria usually charge a commission of 50% of the monthly rent. In some cases, the commission can reach 100% of the monthly rent, especially for short-term rentals.

Agency Services: Agencies assist in finding housing, drafting the rental agreement, and can act as intermediaries between the tenant and landlord.

 

Additional Aspects

Rental Agreement: It is recommended to draw up a written rental agreement detailing all living conditions, rights, and obligations of the parties.

 

Deposit: Usually, a deposit equal to one month's rent is required when renting housing. The deposit is refunded upon departure if the property is left in proper condition.

Utilities: Clarify whether utility payments are included in the rental price or paid separately.

Local Bulgarian Platforms

imot.bg: One of the largest platforms for finding real estate in Bulgaria; includes offers from both agencies and private owners; features allow filtering results by type of property, price, location, and other parameters.

bazar.bg: A popular platform for posting ads, including a real estate section; the advantage is the presence of ads from private sellers.

olx.bg: A platform for private ads, including real estate sales; often used by owners to save on agency fees.

domaza.bg: A platform oriented towards local and foreign buyers; contains listings in multiple languages, including English and Russian.

 

International Platforms

realting.com: Targeted at international buyers; supports multiple languages and has a wide range of listings in Bulgaria.

tranio.com: An international platform popular among EU buyers; provides analytical articles about the real estate market in Bulgaria.

 

Specialized Agency Websites

bulgarianproperties.com: One of the largest brokers in Bulgaria; offers for buying and renting property with detailed descriptions and photos.

superimoti.bg: Focused on premium and resort real estate; often used for finding properties by the sea or in the mountains.

 

Social Networks and Forums

Facebook Marketplace: The "Real Estate" section on Facebook is actively used by locals and foreigners. Local groups for renting and selling real estate often publish unique offers.

Expat forums provide useful information about real estate sellers, often directly from owners.

 

Features for Foreigners

Buying an apartment or house: Foreigners can freely purchase apartments and houses in Bulgaria. However, if the house is located on a land plot, there are restrictions on purchasing the land.

Buying land: Foreigners who are not citizens of EU countries cannot purchase land in Bulgaria in their name. For this, it is necessary to register a legal entity (a company) in Bulgaria through which the purchase of the land plot will be made.

 

Additional Costs

Notary fees: Usually account for about 0.1–1.5% of the property's value.

State fees: About 0.1% of the property's value.

Real estate agency services: The agency's commission usually amounts to 2.5–6% of the property's value.

 

Taxes and Fees

Annual property tax: The tax amount depends on the type and location of the property.

Value Added Tax (VAT): When purchasing new property, VAT of 20% may be charged.

In Bulgaria, insuring real estate is not a mandatory requirement for owners. This means that homeowners can decide on their own whether to take out an insurance policy on their property.

 

Exceptions: If the property is acquired using a mortgage loan, banks usually require mandatory insurance of the property. This is necessary to protect their interests in case of damage or loss of the property.

 

Despite the absence of a legislative requirement, insuring real estate is recommended for the following reasons:

Protection against risks: An insurance policy covers losses caused by fires, floods, earthquakes, thefts, and other unforeseen events.

Financial security: In the event of damage or loss of property, insurance helps cover the costs of restoration or purchase of new housing.

 

The cost of a policy depends on several factors: On average, the annual cost of insuring an apartment worth €60–100 thousand on one of the Bulgarian resorts is €90–175.

Payment Methods

Bank branches: Bills can be paid at branches of banks such as Unicredit Bulbank, Raiffeisenbank, and Postbank.

Internet banking and mobile apps: Most banks offer online services for utility bill payments.

Easypay cash desks: A network of payment acceptance points located throughout the country.

Payment terminals: Installed in supermarkets, shopping centers, and banks.

Online services of suppliers: Many companies provide the option to pay through their official websites.

 

Payment features

 

Payment terms: Utility bills are issued monthly. It is important to adhere to the specified payment terms to avoid penalties or service disconnections.

 

Two-rate electricity system: In Bulgaria, day and night electricity rates are applied. The night rate (from 10:00 PM to 6:00 AM in winter and from 11:00 PM to 7:00 AM in summer) is usually lower than the day rate, which allows for savings when using electricity at night.

 

Meter readings: Payment for water and electricity is made based on individual meter readings. In some cases, if meters are not available, payment may be calculated proportionally to the housing area.

 

Maintenance fee: In gated residential complexes, owners pay an annual maintenance fee, which is used for the servicing of the common parts of the complex. The fee amount is fixed in the contract with the management company and may vary depending on the complex.

 

Recommendations

Registration in online services: For convenience, it is recommended to register on the service providers' websites or use banking apps for timely bill payments.

Consultation with the management company: If you live in a residential complex, check with the management company for details on utility payments and possible additional fees.

Living in apartment buildings in Bulgaria is regulated by legislation and internal rules aimed at ensuring comfortable and safe cohabitation of residents.

Main legislative acts: Act on the Management of Floor Ownership: This law establishes the rights and obligations of owners and tenants in apartment buildings, as well as the procedure for managing the common parts of the building.

Rights and obligations of residents

Order maintenance: Residents are required to maintain cleanliness and order in common areas such as staircases, elevators, and yard areas.

Silence observation: Most buildings have "quiet hours" (usually from 10:00 PM to 7:00 AM) during which noisy work and activities are prohibited.

Participation in meetings: Apartment owners are required to participate in general meetings where issues of building management, repairs, and use of common funds are discussed.

Maintenance contributions: Residents are required to promptly make payments for the maintenance and repair of the common parts of the building.

Management of the apartment building

House council: Elected from among the owners and responsible for the current management of the building, including organizing repairs and monitoring rule compliance.

Management company: In some cases, residents may hire a professional management company for building maintenance.

Internal rules

Each building may establish additional internal rules regarding the use of common areas, parking, keeping pets, and other aspects of joint living.

Responsibility for rule violations

Violation of established rules may lead to warnings, fines, or other measures provided by the internal regulations of the building and Bulgarian legislation.

Adhering to these rules contributes to a comfortable and harmonious living environment for all residents of the apartment building.

Bulgaria is becoming an increasingly popular country for immigrants due to its favorable climate, low cost of living, and growing opportunities for real estate investment. The Bulgarian real estate market is characterized by active development and a variety of offers. The volume of new construction is increasing, providing modern and comfortable housing for various categories of buyers and tenants. Real estate prices depend on the region, type of housing, and its characteristics but generally remain competitive compared to other European countries. The market supply mostly matches the demand, however, in key cities and tourist areas, there is heightened interest, which can lead to price increases and increased competition among buyers. Below are the key features of the Bulgarian real estate market that are important to know when moving to this country.

 

Volume of New Construction

Active Development: In recent years, Bulgaria has experienced a boom in the construction sector, particularly in large cities and tourist regions.

Investments: The growth of both domestic and foreign investments stimulates an increase in the volume of new construction.

Residential Complexes: Modern residential complexes are being built with full infrastructure, including shopping centers, sports facilities, and recreational areas.

Government Programs: The government supports the construction of affordable housing and the development of infrastructure.

 

Comfort of Offered Housing for Rent and Sale

Modern Standards: New real estate properties meet European quality and energy efficiency standards.

Amenities: Often include security, parking, elevators, playgrounds, and green areas.

Furnishing: Many apartments are offered fully or partially furnished, which is convenient for tenants and buyers.

Technology: The use of modern technologies in construction enhances living comfort (smart homes, air conditioning systems, high-speed internet).

 

Prices by Region

Sofia: Prices are the highest in the country, with the average price per square meter ranging from 1,200 to 2,000 euros.

Reasons for High Prices: The capital is the economic and cultural center, which increases demand.

Plovdiv: Prices from 800 to 1,200 euros per square meter.

Features: The second largest city with a rich history and developed infrastructure.

Varna and Burgas (Black Sea Coast): Prices from 700 to 1,500 euros per square meter. Features: Popular resorts, high demand for vacation housing.

Small Towns and Rural Areas: Prices can be below 500 euros per square meter. Features: Quiet life, attractive for those seeking tranquility.

 

Types of Residential Real Estate

Apartments: Studios, one-, two-, and three-room apartments; Location: Mainly in cities and resort areas.

Houses and Villas: Often with their own land plots; Location: Suburbs, rural areas, coastal zones.

Townhouses: Multi-family houses with separate entrances; Popularity: Growing among families and young professionals.

Apartments in Gated Complexes: with pools, fitness centers, security; Location: Often in tourist areas.

 

Supply and Demand Matching

Overall Balance: In general, the real estate supply satisfies current demand.

High Demand in Certain Segments

New Buildings in the Capital: Demand exceeds supply, especially for quality housing.

Resort Properties: Seasonal demand fluctuations, high competition among sellers.

 

Rental Market

Cities: High demand for rental housing among students and young professionals.

Rental Prices: Vary depending on the region and quality of housing.

Influence of Economic Factors:

Mortgage Rates: Low interest rates stimulate the purchase of housing.

Inflation and Population Income: Affect purchasing power and, consequently, demand.

 

Affordable Property Prices

Low Cost: Property prices in Bulgaria remain among the lowest in Europe, making it attractive for buyers with various budgets.

Diverse Offers: The market features both city apartments in Sofia and houses on the Black Sea coast or in mountainous areas.

 

Growing Market and Investment Opportunities

Price Growth: In recent years, there has been a steady increase in property prices, especially in large cities and resort zones.

Rental Income: Investments in rental properties can be profitable due to tourist flow and housing demand.

 

Infrastructure and Quality of Life

Infrastructure Development: Improvement of transport networks and infrastructure increases the attractiveness of regions for investments.

Cultural and Natural Attractions: Bulgaria's rich history and nature make living in the country comfortable and interesting.

 

Thus, the Bulgarian real estate market offers many opportunities for immigrants seeking new places of residence or investment prospects.

Bulgaria attracts immigrants due to its moderate climate, rich culture, and relatively low cost of living compared to other European countries. Understanding the basic expenses will help you effectively plan your budget when relocating.

 

Housing

Rent

Sofia: A one-bedroom apartment in the city center costs about 810 lev per month, while on the outskirts — around 619 lev.

Other cities: In Varna and Burgas, renting a similar apartment in the center will cost about 600–700 lev, and on the outskirts — 400–500 lev.

Purchase

In Sofia, the price per square meter in the center is about 3,800 lev, and on the outskirts — around 2,600 lev.

In other cities, prices are lower: in Varna and Burgas — from 2,500 to 3,000 lev per square meter in the center.

 

Food

- Stores:

Liter of milk — about 2.50 lv.

Loaf of fresh white bread (500 g) — about 1.60 lv.

Dozen eggs — about 6.00 lv.

Kilogram of chicken fillet — about 12.00 lv.

Kilogram of apples — about 2.50 lv.

- Restaurants:

Meal in an inexpensive restaurant — about 18.00 lv.

Dinner for two at a mid-range restaurant — about 78.00 lv.

 

Transport

- Public transport:

One-way ticket — about 1.60 lv.

Monthly pass — about 50.00 lv.

- Taxi:

Base fare — about 2.20 lv.

Per kilometer — about 1.00 lv.

- Fuel:

Liter of gasoline — about 2.60 lv.

 

Utilities

Basic utilities (electricity, heating, water, garbage collection) for an 85 m² apartment — about 210 lv. per month.

Internet (60 Mbps or higher, unlimited) — about 24 lv. per month.

 

Entertainment and Leisure

Fitness club: Monthly membership — about 57 lv.

Cinema: Ticket for an international release — about 15 lv.

Tennis court: Rent per hour on weekends — about 28 lv.

 

Education

Kindergarten: Private, full day — about 869 lv. per month.

-International primary school: Annual fee — about 11,711 lv.

 

Healthcare

Public clinics: Services for citizens and residents are typically free or with a minimal fee.

Private clinics: Prices vary; consultation with a specialist may cost from 50 to 100 lv.

 

Average Salary

Net: The average monthly net salary after tax is about 1,868 lv.

 

Taxes

Income tax: Flat rate of 10% for individuals.

VAT: Standard rate — 20%.

 

Thus, Bulgaria offers a relatively low cost of living compared to other European countries, making it attractive for immigrants. However, expenses can vary significantly depending on the region and lifestyle.

Below are the main areas of government support.

 

Social Support

Unemployment benefits: Citizens who have lost their jobs are entitled to receive unemployment benefits provided they register with the Employment Agency.

Social benefits: Low-income families may be eligible for various types of social assistance, including child benefits and support for low-income families.

 

Educational Programs

Scholarships and grants: Students can receive scholarships based on academic performance or social status.

Professional training: Retraining and upskilling programs are available through the Employment Agency.

 

Healthcare

Mandatory health insurance: All residents are required to have health insurance providing access to state medical services.

Prevention programs: The state funds programs for disease prevention and early detection.

 

Housing Programs

Rental subsidies: Low-income families can receive subsidies to cover rental costs.

Housing improvement programs: The state supports projects for housing repairs and modernization.

 

Business and Entrepreneurship Support

Grants for small and medium businesses: Entrepreneurs can receive financial support for business development.

Consulting services: Agencies provide consultations on business operations and obtaining financing.

 

Agriculture

Subsidies for farmers: Farmers can receive subsidies for the development of agriculture and the introduction of innovations.

Rural development programs: Funding for projects aimed at improving infrastructure and quality of life in rural areas.

 

Immigrant Integration

Bulgarian language courses: Free or subsidized courses for immigrants.

Social Integration Programs: Activities aimed at facilitating the adaptation of immigrants in Bulgarian society.

 

Important: The availability and conditions of participation in these programs may depend on your residency status and other factors. It is recommended to contact the relevant government institutions or consulates for up-to-date information and consultations.