VISIBLE & INVISIBLE costs of buying a property and preparing it for use - 2025

1. Property price, depending on the city, neighborhood and square meters.

Example of average prices in major cities in Bulgaria::

average price for Sofia 2200 € per sq.m.
average price for Varna 1950 € per sq.m.
average price for Burgas 1750 € per sq.m.
average price for Plovdiv 1600 € per sq.m.

2. Broker's commission:

for the purchase and sale of homes: 3% of the selling price of the property.
for the purchase and sale of a plot of land or a plot of land with unfinished buildings: negotiable

3. All types of fees related to the acquisition of property according to the legislation: 1.5-4.5% of the selling price

* these fees depend on the settlement and each municipality may change them every year. For large cities such as Sofia, Varna, Burgas, these fees are about 4.5% of the sales price of the property.

Types of fees:

Local tax for the acquisition of property
Fee for registering the new notarial deed in the Property Register
Notary fees

4. Costs for personal legal advice, depending on the service: most often €500 - €2000

5. Bank fee when buying a property with a mortgage loan (appraiser, documents): €200 - €500

6. Costs for mid-range renovation and finishing activities when purchasing an apartment:

Example of calculation for property of: 2 rooms (1 bedroom), 1 bathroom + toilet.

for a home built before year 2000: €35,000 - €45,000

finishing work in new construction (on Act 16): €25,000 - €35,000

* excluded from calculation: furniture, kitchen appliances, bathroom accessories, lighting fixtures, curtains and blinds

7. Prices for mid-range furnishing of a two-bedroom apartment most often range from 30-60% of the renovation or finishing work.

8. Costs for an interior designer: €30-65 per sq m

Most often, the time needed to bring a two-bedroom apartment in Sofia to a livable condition ranges from 5-8 months.

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