Buying real estate in Bulgaria?

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How much are apartments in Bulgaria?

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Authored by the expert who managed and guided the team behind the Bulgaria Property Pack

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Everything you need to know before buying real estate is included in our Bulgaria Property Pack

Bulgaria offers attractive apartment prices compared to Western Europe, with average costs ranging from €1,560 to €1,600 per square meter nationally. Sofia commands the highest prices at €1,980-€2,250 per m², while coastal areas like Varna reach up to €3,000 per m² for premium beachfront properties. Budget-conscious buyers can find apartments in smaller towns for as low as €750-€1,000 per m².

The Bulgarian apartment market presents significant regional variations, with new-build properties commanding 10-30% premiums over older stock. Rental yields average 4-6% across major cities, making Bulgaria an interesting option for both investors and those seeking affordable European living.

If you want to go deeper, you can check our pack of documents related to the real estate market in Bulgaria, based on reliable facts and data, not opinions or rumors.

How this content was created 🔎📝

At INVESTROPA, we explore the Bulgarian real estate market every day. Our team doesn't just analyze data from a distance—we're actively engaging with local realtors, investors, and property managers in cities like Sofia, Plovdiv, and Varna. This hands-on approach allows us to gain a deep understanding of the market from the inside out.

These observations are originally based on what we've learned through these conversations and our observations. But it was not enough. To back them up, we also needed to rely on trusted resources

We prioritize accuracy and authority. Trends lacking solid data or expert validation were excluded.

Trustworthiness is central to our work. Every source and citation is clearly listed, ensuring transparency. A writing AI-powered tool was used solely to refine readability and engagement.

To make the information accessible, our team designed custom infographics that clarify key points. We hope you will like them! All illustrations and media were created in-house and added manually.

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Fact-checked and reviewed by our local expert

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Yeheli Samuels 🇧🇬🇮🇱

CEO and Founder, Dira Bulgarit - Israeli real estate in Bulgaria

Yeheli Samuels is a leading expert in real estate and investments in Bulgaria. As CEO and founder of "Dira Bulgarit," she specializes in guiding clients through the complexities of purchasing and investing in Bulgarian property. Known for her professionalism and transparency, Yeheli has supported hundreds of families and investors, delivering a seamless and rewarding experience. Her approach focuses on building lasting relationships with clients and local stakeholders, ensuring trust and expert guidance throughout the process. With strong skills in business development and B2B management, Yeheli has established a robust network of partners, including business leaders and entrepreneurs, solidifying her company's position as a leader in the field. "Dira Bulgarit" provides tailored solutions for global investors, making real estate investment in Bulgaria a smooth and successful journey.

What is the average price per square meter for apartments in Bulgaria?

The average price per square meter for apartments in Bulgaria ranges from €1,560 to €1,600 nationally as of September 2025.

Sofia leads the market with prices between €1,980 and €2,250 per m², while premium central districts can reach €3,000 to €4,000 per m². Suburban areas in Sofia start around €1,200 per m².

Plovdiv offers more affordable options at €1,150 to €1,500 per m², with outer areas available from €350 per m² and luxury Old Town properties reaching €1,800 per m². Varna coastal properties command €1,550 to €2,500 per m², with premium beachfront locations hitting €3,300 per m².

Burgas follows similar coastal pricing patterns at €1,200 to €2,000+ per m². Rural and smaller towns present the most budget-friendly options, with prices starting from €750 to €1,000 per m² in areas like Gorna Oryahovitsa, Elena, and Dupnica.

It's something we develop in our Bulgaria property pack.

How much does a 1-bedroom apartment in Sofia cost?

A 1-bedroom apartment in Sofia costs between €110,000 and €150,000 for a typical 60-70 m² unit in central or upmarket districts.

Suburban locations offer more affordable options, with similar-sized 1-bedroom apartments ranging from €70,000 to €100,000. Budget neighborhoods can offer even lower prices, sometimes dropping below €70,000 for basic properties.

The significant price variation depends on the specific district, building quality, and proximity to Sofia's city center. Modern buildings with amenities command premium prices, while older communist-era blocks remain more affordable.

For investment purposes, Sofia 1-bedroom apartments generate rental income of €500 to €700 per month, providing rental yields around 4.3% annually. Central locations achieve higher rental rates but require larger initial investments.

What is the price range for a 2-bedroom apartment in Plovdiv?

2-bedroom apartments in Plovdiv range from €35,000 in outer, basic areas to €110,000 for central or luxury properties.

Typical 2-bedroom apartments of around 60 m² in standard locations cost €60,000 to €80,000. Prime areas command up to €1,800 per m², significantly higher than the city average.

The Old Town district represents the premium segment, with renovated historical properties reaching the upper price range. Newer developments in desirable neighborhoods also command higher prices.

Rental potential for 2-bedroom apartments in Plovdiv ranges from €400 to €800 per month, offering attractive yields of approximately 5% annually. This makes Plovdiv one of Bulgaria's most appealing markets for rental income generation.

How much do apartments cost in Varna near the beach?

Apartments near the beach in Varna cost €2,000 to €3,300 per square meter, making them among Bulgaria's most expensive residential properties.

Location Type Price per m² 1BR Apartment Cost 2BR Apartment Cost
Beachfront Premium €2,800-€3,300 €140,000-€200,000+ €200,000-€300,000+
Near Beach (200m) €2,200-€2,800 €110,000-€140,000 €150,000-€200,000
Central Varna €1,800-€2,200 €90,000-€110,000 €120,000-€150,000
Varna Outskirts €1,200-€1,500 €60,000-€75,000 €80,000-€100,000
Resort Complexes €1,500-€2,500 €75,000-€125,000 €100,000-€175,000

What are the cheapest areas to buy an apartment in Bulgaria?

The cheapest areas to buy apartments in Bulgaria include coastal resort towns and rural regions where studios start from €7,000 to €40,000.

1. **Sunny Beach and surrounding areas** - Studios from €25,000-€40,000, 2-bedrooms from €45,000-€80,000 2. **Aheloy and Ravda** - Studios from €15,000-€30,000, larger apartments from €35,000-€60,000 3. **Rural mountain towns** (Gorna Oryahovitsa, Elena, Dupnica) - Apartments from €750-€1,000 per m² 4. **Small Black Sea villages** - Basic properties from €7,000-€20,000 for studios 5. **Industrial towns** - 2-bedroom apartments available from €19,000-€35,000

These budget-friendly areas often require compromises on location, building quality, or proximity to major amenities. However, they present opportunities for investors seeking low entry costs and potentially higher rental yields of 5-7%.

Transportation links and future development plans significantly impact long-term value potential in these cheaper markets.

How does the price of new-build apartments compare to older ones in Bulgaria?

New-build apartments command a 10-30% premium over older housing stock of similar type and location throughout Bulgaria.

Premium locations with new construction projects can reach €3,000 to €4,000 per m², while comparable older properties in the same areas trade for €2,100 to €2,800 per m². Suburban areas show smaller gaps, with new builds averaging €1,500-€2,000 per m² versus €1,000-€1,500 per m² for older stock.

Communist-era apartment blocks represent the most affordable older housing option, typically priced €500-€800 below new construction per m². These properties often require renovation investments but offer significant savings on initial purchase price.

New construction offers modern amenities, energy efficiency, and contemporary layouts that justify the premium pricing. Older buildings may need updates for heating systems, insulation, and electrical infrastructure.

Market data shows new builds experience slower price appreciation than older properties in some markets, as the initial premium may limit future growth potential.

Are there significant price differences between apartments in the city center and suburban areas?

Yes, city center apartments cost 2-4 times more than suburban properties, with center locations reaching €3,000-€4,000 per m² compared to €1,000-€1,500 per m² in suburbs.

Sofia shows the most dramatic variations, with premium central districts commanding €3,500+ per m² while outer neighborhoods start around €1,200 per m². Varna and coastal cities follow similar patterns, especially for sea-view properties.

Central locations offer proximity to business districts, cultural amenities, restaurants, and public transportation. Suburban areas provide larger living spaces, parking availability, and family-friendly environments at significantly lower costs.

Rental income potential differs substantially, with central apartments achieving €8-12 per m² monthly rent versus €4-6 per m² in suburban locations. However, suburban properties often provide better rental yields due to lower acquisition costs.

Transportation costs and commute times should factor into total ownership expenses when comparing central versus suburban options.

What is the typical cost of an apartment in a gated community or complex in Bulgaria?

Apartments in gated communities and complexes typically cost €1,300 to €2,300 per square meter, representing a premium for quality construction and amenities.

Sample listings show studio to 2-bedroom apartments ranging from €75,000 to €139,000 for units between 40-110 m². Sea access and luxury resort complexes command the highest premiums within this category.

Annual maintenance fees add €8 to €12 per m² yearly, translating to €480-€720 annually for a typical 60 m² apartment. These fees cover common area maintenance, security, landscaping, and facility upkeep.

Gated communities offer enhanced security, recreational facilities like pools and gyms, professional property management, and often better resale values. Coastal complexes may include beach access and water sports facilities.

It's something we develop in our Bulgaria property pack.

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How much are utility costs for an apartment in Bulgaria, including electricity, water, and heating?

Utility costs for a typical 60-80 m² apartment in Bulgaria range from €100 to €200 per month, covering electricity, water, heating, and waste management.

Utility Type Monthly Cost Range Annual Cost Notes
Central Heating (80m²) €120-€180 €720-€1,080 Winter months only
Electricity €30-€60 €360-€720 Varies by usage and season
Water & Sewage €15-€30 €180-€360 Per household
Internet & Cable €15-€25 €180-€300 High-speed packages
Waste Management €5-€15 €60-€180 Municipal fees
Complex Maintenance €40-€60 €480-€720 Gated communities only

What is the average rental price for an apartment in Sofia and other major cities?

Sofia apartment rentals average €500-€700 monthly for 1-bedroom units and €600-€850 for 2-bedroom apartments, with city center locations commanding premium rates.

Plovdiv offers more affordable rental options at €350-€500 for 1-bedroom and €400-€800 for 2-bedroom apartments. Varna and Burgas coastal markets range from €350-€600 for 1-bedroom and €500-€900 for 2-bedroom units, with seasonal variations affecting beach-area properties.

Rental yields across Bulgarian cities average 4.3% annually, with some markets achieving 5-7% returns. Coastal areas experience seasonal fluctuations, with summer months generating significantly higher rental income from vacation rentals.

Sofia's rental market remains most stable year-round due to business and university demand. Secondary cities offer potentially higher yields but with smaller tenant pools and longer vacancy periods.

Furnished apartments command 20-30% rental premiums over unfurnished properties across all major Bulgarian cities.

What are the property taxes like when buying an apartment in Bulgaria?

Property taxes when buying an apartment in Bulgaria include a 2-3.5% acquisition tax paid upon purchase, set by local municipality rates.

Annual property taxes range from 0.1% to 0.45% of the municipal assessed value, which typically runs lower than market value. Municipal waste fees add another 0.2-1% of the property's assessed value annually.

Typical annual property tax obligations total €80-€200 for most apartments, depending on city location and apartment size. Sofia and major cities tend toward higher rates, while rural areas maintain lower tax burdens.

Foreign buyers face the same tax obligations as Bulgarian citizens, with no additional penalties or restrictions. Property tax bills arrive annually and can be paid in quarterly installments.

Legal and notary fees for apartment purchases add approximately €1,000-€2,000 to transaction costs, regardless of property value.

How much is the cost to furnish an apartment in Bulgaria after purchase?

Basic furnishing for a 1-bedroom apartment in Bulgaria costs €3,000 to €7,000, depending on whether you choose local or Western brands and include major appliances.

Full modern furnishing packages for larger apartments or upmarket properties range from €10,000 to €20,000. This includes quality furniture, appliances, electronics, and home accessories from international brands.

Local Bulgarian furniture and appliance retailers offer significant savings compared to Western European prices. IKEA and international home goods stores provide mid-range options popular with expat buyers.

Coastal resort areas may have limited furniture shopping options, requiring purchases from Sofia or Plovdiv with additional delivery costs. Many buyers opt for basic furnishing initially and upgrade gradually.

It's something we develop in our Bulgaria property pack.

infographics rental yields citiesBulgaria

We did some research and made this infographic to help you quickly compare rental yields of the major cities in Bulgaria versus those in neighboring countries. It provides a clear view of how this country positions itself as a real estate investment destination, which might interest you if you're planning to invest there.

Conclusion

This article is for informational purposes only and should not be considered financial advice. Readers are advised to consult with a qualified professional before making any investment decisions. We do not assume any liability for actions taken based on the information provided.

Sources

  1. Average apartment price per sqm Sofia
  2. Average apartment price Bulgaria
  3. Bulgaria price forecasts
  4. Apartment prices in Bulgaria 2025
  5. Housing prices in Bulgaria major cities
  6. Investing in Plovdiv real estate
  7. Bulgaria beachfront property deals 2025
  8. Bulgaria cheap property
  9. Bulgaria house prices
  10. Utility costs in Bulgaria 2024-2025