HOME BROWSE SALARIES BEST PAYING JOBS
Browse Salaries
Best Paying Jobs
Salary Increase Letters
Career Articles

Real Estate Agent Average Salary in Bulgaria 2022

How much money does a Real Estate Agent make in Bulgaria?


Average Monthly Salary
3,010 BGN
( 36,200 BGN yearly)

LOW
1,390
BGN
AVERAGE
3,010
BGN
HIGH
4,790
BGN

A person working as a Real Estate Agent in Bulgaria typically earns around 3,010 BGN per month. Salaries range from 1,390 BGN (lowest) to 4,790 BGN (highest).

This is the average monthly salary including housing, transport, and other benefits. Real Estate Agent salaries vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.

Real Estate Agent Salary Distribution in Bulgaria

Median and salary distribution monthly Bulgaria Real Estate Agent
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/bulgaria/real-estate/real-estate-agent/median-and-salary-distribution-monthly-bulgaria-real-estate-agent.jpg

The median, the maximum, the minimum, and the range

  • Salary Range

    Real Estate Agent salaries in Bulgaria range from 1,390 BGN per month (minimum salary) to 4,790 BGN per month (maximum salary).

  • Median Salary

    The median salary is 3,250 BGN per month, which means that half (50%) of people working as Real Estate Agent(s) are earning less than 3,250 BGN while the other half are earning more than 3,250 BGN. The median represents the middle salary value. Generally speaking, you would want to be on the right side of the graph with the group earning more than the median salary.

  • Percentiles

    Closely related to the median are two values: the 25th and the 75th percentiles. Reading from the salary distribution diagram, 25% of Real Estate Agent(s) are earning less than 2,090 BGN while 75% of them are earning more than 2,090 BGN. Also from the diagram, 75% of Real Estate Agent(s) are earning less than 4,340 BGN while 25% are earning more than 4,340 BGN.


What is the difference between the median and the average salary?

Both are indicators. If your salary is higher than both of the average and the median then you are doing very well. If your salary is lower than both, then many people are earning more than you and there is plenty of room for improvement. If your wage is between the average and the median, then things can be a bit complicated. We wrote a guide to explain all about the different scenarios. How to compare your salary

Real Estate Agent Salary Comparison by Years of Experience

How does experience and age affect your pay?

Salary comparison by years of experience monthly Bulgaria Real Estate Agent
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/bulgaria/real-estate/real-estate-agent/salary-comparison-by-years-of-experience-monthly-bulgaria-real-estate-agent.jpg

The experience level is the most important factor in determining the salary. Naturally the more years of experience the higher your wage. We broke down Real Estate Agent salaries by experience level and this is what we found.

A Real Estate Agent with less than two years of experience makes approximately 1,570 BGN per month.

While someone with an experience level between two and five years is expected to earn 2,100 BGN per month, 34% more than someone with less than two year's experience.

Moving forward, an experience level between five and ten years lands a salary of 3,110 BGN per month, 48% more than someone with two to five years of experience.

On average, a person's salary doubles their starting salary by the time they cross the 10 years* experience mark.
* Based on the average change in salary over time. Salary variations differ from person to person.

Additionally, Real Estate Agent(s) whose expertise span anywhere between ten and fifteen years get a salary equivalent to 3,790 BGN per month, 22% more than someone with five to ten years of experience.

If the experience level is between fifteen and twenty years, then the expected wage is 4,130 BGN per month, 9% more than someone with ten to fifteen years of experience.

Lastly, employees with more than twenty years of professional experience get a salary of 4,470 BGN per month, 8% more than people with fifteen to twenty years of experience.


Real Estate Agent average salary change by experience in Bulgaria

0 - 2 Years
1,570 BGN
2 - 5 Years+34%
2,100 BGN
5 - 10 Years+48%
3,110 BGN
10 - 15 Years+22%
3,790 BGN
15 - 20 Years+9%
4,130 BGN
20+ Years+8%
4,470 BGN
Percentage increase and decrease are relative to the previous value

Typical Salary Progress for Most Careers

Salary Comparison By Experience Level
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/images/salary-by-experience.jpg

Real Estate Agent Salary Comparison By Education

How do education levels affect salaries?

Displayed below is the average salary difference between different Real Estate Agent(s) who have the same experience but different education levels.

Salary comparison by education level monthly Bulgaria Real Estate Agent
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/bulgaria/real-estate/real-estate-agent/salary-comparison-by-education-level-monthly-bulgaria-real-estate-agent.jpg

We all know that higher education equals a bigger salary, but how much more money can a degree add to your income? We broke down Real Estate Agent salaries by education level in order to make a comparison.

When the education level is High School, the average salary of a Real Estate Agent is 1,790 BGN per month.

While someone with a Certificate or Diploma gets a salary of 2,820 BGN per month, 57% more than someone having a High School degree.

A Bachelor's Degree gets its holder an average salary of 4,720 BGN per month, 68% more than someone with a Certificate or Diploma.


Real Estate Agent average salary difference by education level in Bulgaria

High School
1,790 BGN
Certificate or Diploma+57%
2,820 BGN
Bachelor's Degree+68%
4,720 BGN
Percentage increase and decrease are relative to the previous value

Typical Salary Difference by Education for Most Careers

Salary Comparison By Education Level
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/images/salary-comparison-by-education.jpg


Real Estate Agent Salary Comparison By Gender

Salary comparison by gender monthly Bulgaria Real Estate Agent
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/bulgaria/real-estate/real-estate-agent/salary-comparison-by-gender-monthly-bulgaria-real-estate-agent.jpg

Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? Male Real Estate Agent employees in Bulgaria earn 9% more than their female counterparts on average.

Male
3,140 BGN
Female-8%
2,890 BGN
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Bulgaria for all Careers

Salary comparison by gender monthly Bulgaria
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/bulgaria/salary-comparison-by-gender-monthly-bulgaria.jpg

Real Estate Agent Average Annual Salary Increment Percentage in Bulgaria

How much are annual salary increments in Bulgaria for Real Estate Agent(s)? How often do employees get salary raises?

Real Estate Agent

Real Estate Agent(s) in Bulgaria are likely to observe a salary increase of approximately 10% every 20 months. The national average annual increment for all professions combined is 7% granted to employees every 20 months.

Annual Salary Increment Rate Bulgaria Real Estate Agent
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/bulgaria/real-estate/real-estate-agent/annual-salary-increment-rate-bulgaria-real-estate-agent.jpg


The figures provided here are averages of numbers. Those figures should be taken as general guidelines. Salary increments will vary from person to person and depend on many factors, but your performance and contribution to the success of the organization remain the most important factors in determining how much and how often you will be granted a raise.

Bulgaria / All Professions

The term 'Annual Salary Increase' usually refers to the increase in 12 calendar month period, but because it is rarely that people get their salaries reviewed exactly on the one year mark, it is more meaningful to know the frequency and the rate at the time of the increase.

How to calculate the salary increment percentage?

The annual salary Increase in a calendar year (12 months) can be easily calculated as follows: Annual Salary Increase = Increase Rate x 12 ÷ Increase Frequency

The average salary increase in one year (12 months) in Bulgaria is 4%.

Annual Increment Rate By Industry 2021

Banking
6%
Energy
3%
Information Technology
9%
Healthcare
6%
Travel
3%
Construction
9%
Education
6%

Listed above are the average annual increase rates for each industry in Bulgaria for the year 2021. Companies within thriving industries tend to provide higher and more frequent raises. Exceptions do exist, but generally speaking, the situation of any company is closely related to the economic situation in the country or region. These figures tend to change frequently.


Worldwide Salary Raises: All Countries and All Jobs

Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/images/salary-increment-world.jpg

Real Estate Agent Bonus and Incentive Rates in Bulgaria

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Bulgaria Real Estate Agent
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/bulgaria/real-estate/real-estate-agent/annual-salary-bonus-rate-bulgaria-real-estate-agent.jpg

A Real Estate Agent is considered to be a high bonus-based job due to the generally limited involvement in direct revenue generation, with exceptions of course. The people who get the highest bonuses are usually somehow involved in the revenue generation cycle.

19% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 81% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 5% to 9% of their annual salary.

Received Bonus
81%
No Bonus
19%

Types of Bonuses Considered

Individual Performance-Based Bonuses

The most standard form of bonus where the employee is awarded based on their exceptional performance.

Company Performance Bonuses

Occasionally, some companies like to celebrate excess earnings and profits with their staff collectively in the form of bonuses that are granted to everyone. The amount of the bonus will probably be different from person to person depending on their role within the organization.

Goal-Based Bonuses

Granted upon achieving an important goal or milestone.

Holiday / End of Year Bonuses

These types of bonuses are given without a reason and usually resemble an appreciation token.

Bonuses Are Not Commissions!

People tend to confuse bonuses with commissions. A commission is a prefixed rate at which someone gets paid for items sold or deals completed while a bonus is in most cases arbitrary and unplanned.


What makes a position worthy of good bonuses and a high salary?

The main two types of jobs

Revenue GeneratorsSupporting Cast

Employees that are directly involved in generating revenue or profit for the organization. Their field of expertise usually matches the type of business.

Employees that support and facilitate the work of revenue generators. Their expertise is usually different from that of the core business operations.

Example:
A graphics designer working for a graphics designing company.

Example:
A graphic designer in the marketing department of a hospital.


Revenue generators usually get more and higher bonuses, higher salaries, and more frequent salary increments. The reason is quite simple: it is easier to quantify your value to the company in monetary terms when you participate in revenue generation.

Try to work for companies where your skills can generate revenue. We can't all generate revenue and that's perfectly fine.

Bonus Comparison by Seniority Level

Top management personnel and senior employees naturally exhibit higher bonus rates and frequencies than juniors. This is very predictable due to the inherent responsibilities of being higher in the hierarchy. People in top positions can easily get double or triple bonus rates than employees down the pyramid.

Real Estate Agent Average Hourly Wage in Bulgaria


17 BGN per hour

The average hourly wage (pay per hour) in Bulgaria is 17 BGN. This means that the average Real Estate Agent in Bulgaria earns approximately 17 BGN for every worked hour.


Hourly Wage = Annual Salary ÷ ( 52 x 5 x 8 )

The hourly wage is the salary paid in one worked hour. Usually jobs are classified into two categories: salaried jobs and hourly jobs. Salaried jobs pay a fix amount regardless of the hours worked. Hourly jobs pay per worked hour. To convert salary into hourly wage the above formula is used (assuming 5 working days in a week and 8 working hours per day which is the standard for most jobs). The hourly wage calculation may differ slightly depending on the worked hours per week and the annual vacation allowance. The figures mentioned above are good approximations and are considered to be the standard. One major difference between salaried employees and hourly paid employees is overtime eligibility. Salaried employees are usually exempt from overtime as opposed to hourly paid staff.

Real Estate Agent VS Other Jobs

Salary Comparison Between Real Estate Agent and Real Estate monthly Bulgaria
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/bulgaria/real-estate/real-estate-agent/salary-comparison-between-real-estate-agent-and-real-estate-monthly-bulgaria.jpg

The average salary for Real Estate Agent is 19% less than that of Real Estate. Also, Real Estate salaries are 13% more than those of All Jobs.

Salary comparison with similar jobs

Job TitleAverage Salary
Acquisition Associate2,730 BGN-9%
Assistant Leasing Manager3,730 BGN+24%
Assistant Property Manager3,820 BGN+27%
Brokerage2,660 BGN-12%
Commercial Leasing Manager5,690 BGN+89%
Commercial Real Estate Manager6,210 BGN+110%
Community Development Manager5,080 BGN+69%
Compliance Specialist2,700 BGN-10%
Development Coordinator2,800 BGN-7%
Lease Administrator3,460 BGN+15%
Leasing Agent3,050 BGN+1%
Leasing Consultant3,260 BGN+8%
Leasing Manager3,920 BGN+30%
Lettings Assistant1,460 BGN-52%
Portfolio Analyst 4,930 BGN+64%
Portfolio Manager6,310 BGN+110%
Property Acquisition Agent2,450 BGN-19%
Property and Claims Specialist3,450 BGN+15%
Property Manager4,320 BGN+43%
Property Operations Manager5,820 BGN+93%
Property Tax Assistant2,910 BGN-3%
Real Estate Administrator3,060 BGN+2%
Real Estate Agent3,010 BGN-0%
Real Estate Analyst3,670 BGN+22%
Real Estate Appraiser2,970 BGN-1%
Real Estate Assistant2,770 BGN-8%
Real Estate Association Manager3,710 BGN+23%
Real Estate Broker2,660 BGN-12%
Real Estate General Manager5,830 BGN+93%
Real Estate Project Manager4,790 BGN+59%
Real Estate Sales Agent2,920 BGN-3%
Real Estate Valuer2,940 BGN-2%
Research Analyst2,620 BGN-13%
Residential Advisor3,260 BGN+8%
Residential Property Manager4,130 BGN+37%
Shopping Center Manager6,230 BGN+110%
Town Planner5,810 BGN+93%

Salary Comparison By City

CityAverage Salary
Burgas2,990 BGN
Plovdiv3,230 BGN
Rousse2,790 BGN
Sofia3,190 BGN
Stara Zagora2,810 BGN
Varna2,960 BGN

Government vs Private Sector Salary Comparison

Where can you get paid more, working for a private company or for the government? Public sector employees in Bulgaria earn 9% more than their private sector counterparts on average across all sectors.

Private Sector
3,130 BGN
Public Sector+9%
3,420 BGN
Percentage increase and decrease are relative to the previous value

Browse Salaries

Salary Increase Letters

Best Paying Jobs
HomePrivacy PolicySalary Comparison

©Salary Explorer 2022