The debate over property taxation has moved to the forefront of Bulgaria’s fiscal agenda, with politicians and experts discussing whether owners of multiple homes should face progressively higher taxes. Supporters of the idea argue that housing should primarily serve as a place to live rather than as a speculative investment, while critics warn that any additional burden could ultimately be passed on to renters and ordinary households.
Speaking on national television, Konstantin Prodanov, chairman of Parliament’s Budget and Finance Committee from Progressive Bulgaria, rejected concerns about income restrictions, insisting that wages and pensions would continue to rise. “There will be no income freeze, and no pensioner or worker will lose income. Bulgarians will become wealthier through what they earn, not through borrowing,” he said.
Prodanov defended the proposal for a progressive property tax, explaining that a primary residence would remain subject to the current approach, while additional properties could be taxed at increasingly higher rates. “If someone owns three or four homes not for living but as investments, the second property should be taxed more than the first, and the third more than the second,” he argued. According to him, such a measure could help cool an overheated housing market that has pushed ownership beyond the reach of many young people.
