Investing in real estate in Bulgaria

Investing in real estate in Bulgaria is becoming more and more attractive for foreign investors, in particular for Ukrainians who are looking for new opportunities in the face of global economic changes.

Bulgaria, located on the Balkan Peninsula in Southeast Europe, has a strategically important geographical position as a bridge between Europe and Asia.

Territorially, the country is divided into 28 administrative regions, and its capital is the city of Sofia. The official language in Bulgaria is Bulgarian, and the currency is the Lev (BGN).

It is important to note that Bulgaria became a member of the North Atlantic Treaty Organization (NATO) in 2004, and in 2007 it joined the European Union (EU).

This membership guarantees the country relevant international legal and political obligations, including compliance with the standards and regulations established by these organizations, which in turn has a significant impact on the legal and economic environment in Bulgaria.

In recent years, Bulgaria has become an increasingly attractive destination for outsourcing in various industries, including:

• Pharmaceutical sector.
• The field of IT.
• Telecommunication.
• Logistics and supply.

The country boasts a highly skilled workforce with relatively low labor costs. The country has a low income tax (CIT) rate of 10% and the World Bank has classified Bulgaria’s economy as a “middle income economy”.

Bulgaria is experiencing steady growth in the real estate market, particularly in major cities such as Sofia, Plovdiv and Varna. The country has access to the Black Sea with popular resorts, as well as ski resorts. This creates opportunities for investment in both residential and commercial real estate. Due to the constant development of the infrastructure and the economic environment, the demand for real estate remains high.

The cost of real estate in Bulgaria, especially compared to other European countries, remains relatively low. This allows investors to purchase real estate at significantly lower prices than in many other European countries.

Investors can earn significant income from rental properties, especially in tourist areas such as the Black Sea holiday area or ski resorts. There is also an increase in real estate prices, which allows you to get additional profit on resale.

Special attention should be paid to low income tax. Bulgaria has one of the lowest corporate tax rates in Europe at 10%. Investors from countries with high tax rates can benefit greatly by moving their commercial operations to Bulgaria or investing in real estate. High profitability, ensured by low taxation, allows investors to achieve a higher return on their investments, which is especially important in the conditions of global competition.

Choosing the optimal investment object is a key task that often becomes a real challenge for investors. The variety of real estate types only complicates this task. However, with the expert support of Prikhodko and Partners, you can avoid common mistakes and maximize your investment.

Our experts will help you avoid purchasing housing in unattractive locations, such as little-known resorts or places far from the sea, where demand may be minimal. We understand that the wrong choice can lead to difficulties in finding tenants and receiving passive income, as well as problems in the subsequent sale of the object.

“Prikhodko and Partners” has a deep understanding of the commercial real estate market. We know that in the face of fierce competition, entrepreneurs are looking for the best options at the best price. Our team will help you choose a commercial property with a good location and efficient planning, minimizing the risks of downtime and difficulties with the lease.

Estimating the potential of land plots is another area where the experience of “Prikhodko and Partners” will come in handy. We will conduct a thorough analysis so that your land investment is really promising and attractive to future buyers.

Bulgaria, as a member of the European Union, provides investors with a stable legal environment and guarantees for the protection of their interests.

Investors can count on:

• Stable currency.
• Clear legal framework.
• The possibility of free movement of capital.

We understand that the process may seem complicated for citizens of Ukraine, but with our help it will become simple and understandable. “Prikhodko and Partners” will help you prepare all the necessary documents, both at the stage of real estate acquisition and at the stage of optimizing financial transfers and tax burden.

Our team will also provide professional advice on opening a bank account outside of Ukraine, which is one of the key aspects for the transaction. We have established relationships with reliable banking institutions and can recommend the best options for your needs.

“Prikhodko and Partners” pays special attention to the possibility of conducting transactions remotely. In today’s conditions, this becomes especially relevant, and we are ready to provide full support for the process of buying real estate without the need for your physical presence in Bulgaria.

These factors combine to create a favorable environment for real estate investment in Bulgaria, making the country an attractive choice for investors looking for a stable and potentially highly profitable market.

With “Prikhodko and partners” you will be able to turn the complexities of investing in real estate into opportunities for the growth of your capital. Our expertise is your key to successful real estate investment.