Varna neighbourhoods
2× per sq m
Six neighbourhoods, measured.
Analysis
Market analysis & guides
Practical information about the Bulgarian property market, written for foreign buyers.
Burgas builders
6 firms under one district name
Who is building in Burgas.
Horizont and Madika
500+ decares at the city entrance
The new districts of Burgas.
BulGhar Homes
120 km from Varna
Opening in Burgas.
Plots
5 of 18 pass the check
The listing says plot. The document says farmland.
Rents and yield
3,6% stays in your pocket
5% on paper. Over a quarter disappears.
Market analysis
15-20% common parts
90 sq m on paper. 75 in the home.
Lending standards
18 000 € of your own money
The bank says “this far”.
For sellers
54% cut the price
The property sits. The money is there.
Condominium
15,61 € per sq m a year
Outside the price per square metre.
New construction
3 registers not one
You buy a company, not a building.
Parking space and garage
236 : 55 garages versus spaces
A garage is a separate object. A space, as a rule, is not.
The agent’s commission
6 012 € 3% of the average price
The law does not say who pays. The contract does.
Renovate or buy ready
+33 300 € more in cash
The “cheaper” property needs more cash.
The real price of a property
5 numbers for one home
None of them binds the others.
Marital community property
1 name 2 owners
The deed says one. The law says two.
The power of attorney
3 lines are enough by law
Supreme Court: specifics are not required.
Co-ownership and partition
20 times the price of disagreement
Either everyone signs, or a court decides.
Adverse possession
10 years without a single entry
A clean register record proves nothing.
Right of use
5 versus 17 years
You buy a property you cannot move into.
Public auction
80% → 72% and then above the valuation
The mortgage falls away. The attachment does not.
Illegal alterations
1 yr : no time limit seller versus property
The order is against the construction. It is served on you.
Gift or sale
0 € : 1 350 € gift versus care
The most cautious form is the most expensive today.
Apartment handover
Art. 264 para. 3, Obligations and Contracts Act
You sign the record. The clock stops.
Cash payment
5 113 € and that very amount is a breach
One threshold. One legal basis too.
Escrow and trust accounts
100 € guard 115,000
Who guards the money on the day of the deal.
The seller’s sums
10 698 € gap to the net
You list at 115 900. You receive 105 202.
Refinancing
0 € : 1 211 € fee versus the sums
The fee is zero. Switching is not.
Loan with a co-debtor
0% : 100% rights versus liability
Rights to the property: zero. Liability: full.
Preparing to sell
23 € and seven working days
The documents do not stop you. Their order does.
The viewing
1 year for what is hidden
What you saw becomes yours. What is hidden has a deadline.
Market seasonality
7 out of 7 years, Q1 the weakest
One number, two different stories.
Plaster and screed
36 000 € difference in finishing
The word has no definition. Not one.
Warranty periods
10 : 5 years, Spatial Development Act
The warranty is for the building. Not for you.
The structure
14 : 6 cm load-bearing versus partition
It cannot be seen after plastering.
Energy certificate
2 650 → 2 570 EUR/sq m in the example
The class does not raise the price. Its absence lowers it.
Exclusive contract
14 days right of withdrawal
The price is not the percentage. It is the missing line.
Remote deal
1 hour and weeks before it
Signing takes one hour. The rest takes weeks.
Annual review 2026
−21,5% deals, year on year
Fewer deals does not mean cheaper.
Local taxes
1,5 ‰ waste fee
Costs more than the tax itself.
Floor area
0 legal definitions
“Net area”. There is no such thing.
Selling with a mortgage
10 years effect of registration
Loan paid off. The encumbrance stays.
Inherited property
6 degrees collateral kinship
One property. Many signatures.
Mortgage loan
8 weeks typical timeline
Approved. The clock is not yours.
The day of the deal
3 450 € the tax alone
Certifies. Does not check.
Preliminary contract
5 112,92 € the cash threshold
The signature binds. The property is not yours yet.
Checking before you buy
19,94 € the full set
And it still does not prove what you think.
New construction
1 316 new homes
Three acts, three different things.
Eurovision 2027
29 times for one night
Eurovision is going to Burgas.
Rent and the law
€1,960 debt in 4 months
A tenant who is not paying.
Taxes
20% VAT on top
VAT when buying a home.
After the deed
7 days to the municipality
After the notarial deed.
Dubai
2% + 2% DLD fee
Dubai, the real cost.
Taxes
3% tax, either way
Property through a company or as an individual.
Insurance
30 days unoccupied home
Home insurance.
Market debate
20-25% decline by 2030
Will prices fall? Two forecasts.
Official figure · NSI
+15.5% y/y, Q2 2026
Prices are rising. Who is right now?
Before you pay a deposit · 2026
2 000+ missing deeds
The deposit is paid. Then comes the problem.
Taxes · 2026
10% or zero
When you pay tax, and when you don’t.
Varna · 2026
~7,5 annual salaries
The gap keeps widening.
Bulgaria after the euro
−96% Russian sales
Russians stop. Who is buying?
Rate cycle 2026
2.41% mortgage
The ECB raises. Bulgaria falls.
Coming up