I think it might be real. I have one almost exactly like it except: 1)Mine does not have a flap over the magazine pocket; 2)Mine has a single wide belt loop; 3)The toe (where the barrel goes) of the holster for sale looks to be a tad wider side-to-side than the one I have. The construction of Bulgarian holsters varies widely. Some are well made and others are pretty shoddy, and I have seen a fair amount of variation in the details, so this one probabaly is legit. Mine came with an '08 Bulgarian in it.
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If it's made after 1918...it's a reproduction
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