Is Bansko a good investment?

Bansko is especially attractive due to it’s incredibly low property prices. Studios in 2019 and 2020 sold at an average €14,000 to-€15,000, now they sell at €17,000 to €18,000.

Can foreigners buy property in Bulgaria?

Bulgarian law allows foreign persons to buy property in the country but with some limitations. All foreign natural or legal persons can buy apartments in Bulgaria on their own names, provided that the apartments don’t come with ideal parts of the land on which the apartments were built.

Is Bansko a good place to live?

Bansko is a fantastic location for any nature lover or for those that just enjoy being outdoors. The town itself is a nice size; it is big enough to still have new discoveries, but also small enough that it has a village vibe, and you begin to recognize people around town.

Why are properties so cheap in Bulgaria?

Reasons why in Bulgaria cheap property, a few: The consequences of the 2008 crisis and the sharp drop in demand, causing prices have fallen by 40%. Lower purchasing power of the population compared to an average level. The socialist heritage of the country.

How much money do you need to retire in Bulgaria?

The cost breakdown is less than $1,200 per month. $1,156 per month on average. It costs me ~2000 leva per month to live in Sofia. The most expensive city in Bulgaria has affordable living costs on par with renowned “cheap” cities like Medellin or Manila.

Why is property so cheap in Bulgaria?

Is Bansko Bulgaria safe?

Bansko is dangerous. Never seen so many accidents. 2 hours plus lift queues. Skiing with 9 year old advanced ski ability child was a nightmare as he was terrified by the crowds and idiots skiing too fast.

Can you drink tap water in Bansko?

Does the Bansko tap water taste good? Yes, it tastes okay. Not the best, but certainly better than the tap water I’ve experienced in Sofia and Plovdiv. But here is the real trick for drinking water that so many people in Bansko region use; fill up bottles at the spring water places.

Can I get residency in Bulgaria if I buy a house?

Bulgaria will offer permanent residency to foreigners who buy property worth at least EUR 307,000. Bulgaria has passed a law that will ease even further the process of granting citizenship to foreign investors in a bid to boost the country’s ailing economy.