How much does it cost to maintain a property in Bulgaria?
03.02.2023
People who want to purchase property in Bulgaria ask themselves the question - how much does it cost to maintain the property per year? The costs depend on several factors: the area, the area of the property and the location. There are also other aspects that affect the amount of maintenance fees. In this article we will go over how much maintenance costs can be and what they consist of.
State taxes on real estate in Bulgaria
Foreign citizens who buy a house or apartment in Bulgaria pay the same amount of property tax as the locals. The maximum rate is 0.45% of the property price. For individuals, the tax is based on the assessed value, and for legal entities - on the balance sheet value.
What discounts are available to taxpayers
If the property owner chose to pay in one payment before March 31 (in advance, one year in advance), the amount will be reduced by 5%.
The second mandatory payment is the garbage tax. The rate is in the range of 0.15-0.25%. The exceptions are big cities, in the capital the rate is 1%.
When buying a private house, the owner pays a land tax of 0.01 - 0.45% of the value of the lot.
Dira Bulgarit was established with the aim of helping the Israeli investor find the most worthwhile properties throughout Bulgaria. On our site you will find hundreds of properties - from studio apartments in resorts to luxury apartments of three and four rooms in modern projects built to the highest standards. Our team of experts is waiting for you, contact us today and we will answer any question you might have so that you can find the most profitable real estate investments for you in Bulgaria.
