Varna real estate market — prices, rental yield and trend

• Average price: $3,042 / m²
• Gross rental yield: 5.01%
• Net rental yield: 4.51%
• Transaction cost: 8.6%
• Price basis: local-market average

Residential property in Varna averages $3,042 per square metre. That makes it the 158th most expensive of the 264 markets in the set.

What a buyer pays in Varna

The $3,042 figure is a local-market average across all residential property types: a flat in a prime district sits well above it, an older unit on the edge of the market well below. Buying costs — transfer tax or stamp duty, notary, registration and agency — come to about 8.6% of the price here. On a 100 m² apartment at the average price that is roughly $26,159 on top of the $304,177 purchase price. That is close to the 9.6% median across the set. Against the Bulgaria national average of $2,312, Varna carries a 31.6% premium — the gap between this market and the country as a whole. Among the other Bulgaria markets we track, Burgas at $2,560 is 18.8% cheaper, and Sofia at $4,412 is 31.1% dearer.

What it earns

A square metre lets for about $12.7 a month. Against a purchase price of $3,042 per square metre that is 5% gross, before tax. Both figures come from the same source and the same period, so you can check the arithmetic yourself. It ranks 143rd of 311 markets by gross yield. Rental income is taxed at 9–10% — the rate is not a single number here. The 4.5% net figure we publish uses 10%.

How the tax works. 10% final tax on a non-resident's gross rent (ZDDFL arts. 37(1)4 and 46(1)), independent of the rent level. Owners resident in the EU/EEA can opt for the art. 37a recalculation with the 10% standard expense allowance, which gives 9% — the lower end of the band. Source: PwC Bulgaria.

Who can buy in Varna

Freehold for condos; non-EU land ownership only through a company. That is the rule a foreign buyer meets first, not legal advice — check the current position locally before you commit.

How this figure is built

The price figure for Varna is built from asking prices from listings. It was last refreshed on 2026-10-17. We rate our confidence in this market’s data low — treat the figures as indicative and check them before acting. We recompute every market the same way, which is what lets Varna be compared with a country average or another city.

Sources: Numbeo Varna [https://www.numbeo.com/cost-of-living/in/Varna?displayCurrency=USD]; NSI housing price statistics Q1 2026 [https://www.nsi.bg/en/announcement/housing-price-statistics-9055]. Snapshot: 2026-10-17.