Only 4,300 Bulgarians Have Declared Properties Abroad
According to data from the National Revenue Agency (NRA), just 4,329 Bulgarian citizens have reported owning real estate abroad in their 2024 declarations
Bulgaria's Defense Ministry is about to sell a number of potentially attractive real estate properties, according to reports.
The Bulgarian government is about to approve the sale of 18 military properties that are said to be no longer needed by the military, Mediapool reported Monday.
Only one of the properties – a plot of 1.5 million square meters with 9 buildings located in the village of Banevo, Burgas District – is said to be worth over BGN 23 M.
Another property of similar size located in the Valkov Kamak area near the southwestern town of Sandanski has a tax valuation of over BGN 7.2 M.
Other military properties for sale are located near the Black Sea town of Balchik as well as in Pleven, Chirpan, Ruse, and Vratsa.
The Bulgarian Defense Ministry is going to auction off the properties in question by setting up their starting prices by adding 10% to their tax value.
Back in 2009-2010, Bulgaria's Defense Minister Anyu Angelov declared the intention to sell military properties that are no longer needed, which back then were a total of 858, including individual apartments, stores, and garages. Their number today is estimated at 976.
During 2011, the Bulgarian Defense Ministry held 194 auctions and managed to sell only 26 properties for a total of BGN 7.4 M. According to the institution, the lack of interest was caused by the crisis on the Bulgarian real estate market.
In the first quarter of 2025, Bulgaria experienced one of the steepest increases in house prices across the European Union
A new trend is emerging in Sofia's real estate scene - property sales are outpacing rentals, reversing a pattern that has dominated the past decade
The National Revenue Agency (NRA) has launched a large-scale inspection targeting thousands of Bulgarian citizens who own real estate abroad
For more than two decades, real estate in Bulgaria has been offered primarily in euros, a practice familiar to both buyers and sellers
Bulgaria registered the second-largest increase in housing prices among EU member states in the first quarter of 2025
The real estate market in Bulgaria in the first half of 2025 continues to evolve, with Sofia maintaining its status as the country’s most expensive city for property purchases
Operation Rising Lion: Why and How Israel Attacked Iran
EU Population Grows by Over a Million, While Bulgaria Continues to Shrink