Bulgaria is in seventh place in Europe in the ranking of countries where it is best to invest in real estate, according to data from the British insurance company William Russell. We are also the country with the highest gross rental yield combined with a low average tax on rental income. Here we rank alongside Andorra and Montenegro.
The study took into account the tax rates in each country, the tax on rental income and the gross rental yield.
The first place in the ranking is for Moldova, and the silver and bronze medals are for Lithuania and North Macedonia, respectively.
Moldova's leading position is due to the capital Chisinau. In recent years, there has been a strong focus on improving infrastructure and the hotel business. The latter stimulates tourism, which is also supported by the wine industry and rich culinary heritage.
In Lithuania, which is in second place, the last quarter of 2024 reported a 10% year-on-year growth in real estate. Analysts predict that the trend will continue.
North Macedonia, like Moldova, owes its leading position to the capital Skopje. The city is modernizing very quickly, significant investments are being made in its infrastructure, and the demand for housing and commercial space is growing. Taxes are low, and the process of acquiring property is simplified. The government provides incentives to foreign investors.
Bulgaria is among the poorest countries in the European Union and a large part of real estate transactions are carried out in cash. In Europe, between 80% and 90% of purchases and sales are made with the help of a mortgage loan.
Detailed statistics on average property prices in Bulgaria by city and neighborhood can be found HERE