Property Costs

Owning property in Bulgaria has the added benefit of significantly lower running costs compared to those in other European countries. The owner of a property must pay an annual property tax of 0.15% of the declared value of the property. This property tax also covers all waste-collection fees for your property.

If your property is situated in a residential complex the owner will normally pay a contribution to the Housing Association of about 300 Euro per year. This provides for 24-hour security, cleaning, swimming pool, maintenance, etc.

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