Property maintenance costs in Bulgaria
It costs about
Taxes and charges
A
The property tax (данък върху недвижимимот) is levied on any property excluding forests and agricultural land at a single rate both for individuals and legal entities varying from 0.01% to 0.45% depending on the location of the property. Tax is assessed on the estimated value (appraised by the tax authorities) for individuals and the book value for legal entities. Owners can choose to pay in quarterly installments or a
Homeowners must also pay a charge for waste removal set by the local authorities. This depends on the type of building, its estimated value, number of waste removal containers and waste, the prestige of the location and traffic. It can cost up to 1% of the estimated value of the property per year depending on the proximity with large cities. For instance, in downtown Sofia waste removal is 1%, while in the suburbs, it costs about 0.5%.
Total tax payments for a
The tax on cheap property (данък колиба) levied on sales lower than 1,680 Bulgarian Lev (about €860) was revoked as of 1 January 2014.
Insurance
Home and property insurance cost
Management company fees
If a homeowner does not reside permanently in Bulgaria, the property can be managed by a special management company that will review the condition of the property once or twice a week, set up the electricity, gas and water, pay utility bills and taxes and make arrangements for repairs. These services cost about €400 per year.
New residential complexes impose a maintenance and management fee covering security and cleaning services, area improvements, swimming pool operations and maintenance, etc. Regular apartment cleaning services can also be negotiated. An invoice of
Utility bills
Monthly utility bills in Bulgaria amount to about
Central heating systems in Bulgaria use electricity, gas, liquid (oil) and solid (wood) fuel. Rural premises are heated with wood and use electric boilers. There is
Electricity bills vary from
Water bills usually amount to
City | Average costs, €/month |
---|---|
Blagoevgrad | 103.53 |
Burgas | 110.90 |
Varna | 77.13 |
Veliko Tǎrnovo | 54.32 |
Plovdiv | 81.21 |
Ruse | 65.61 |
Sofia | 98.68 |
Yàmbol | 37.07 |
Average nationwide | 88.48 |
Repairs
Major repairs in an old
We will send you a content digest not more than once a week
- Property Prices
- Buying and Registering
- Mortgage
- Residence
- Property Maintenance
- Taxes