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Taxes and Costs When Buying Property in Bulgaria
When buying property, it is essential to consider not only the purchase price but also all related taxes and mandatory costs.
Underestimating these expenses often leads to budget miscalculations.
Experts at FavoritHome explain how buyer costs are structured.
1️⃣ Property transfer tax
A local property transfer tax applies when purchasing real estate in Bulgaria.
The rate usually ranges between 2 and 3 percent, depending on the municipality.
2️⃣ Notary fees
Notary certification is mandatory.
Fees are calculated based on the property value and generally amount to around 0.5–1 percent.
3️⃣ Registration fees
Ownership rights must be registered in the Property Register.
The registration fee is approximately 0.1 percent of the transaction value.
4️⃣ Legal and agency fees
Costs for:
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legal due diligence
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document preparation
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transaction support
represent an investment in transaction security and buyer protection.
5️⃣ Banking and financial costs
Additional expenses may include:
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bank transfer fees
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currency exchange
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account opening costs
All payments are conducted officially and transparently.
6️⃣ Total purchase budget
On average, additional costs when buying property in Bulgaria amount to between 3 and 5 percent of the purchase price.
