This should do the job:

import time, sys
for i in range(10):
    print('bla')
    sys.stdout.flush()
    time.sleep(5)

This should do the job:

import time, sys
for i in range(10):
    print('bla')
    sys.stdout.flush()
    time.sleep(5)

As Python will buffer the stdout by default, here i have used sys.stdout.flush() to flush the buffer.

Another solution would be to use the -u(unbuffered) switch of python. So, the following will do too:

python -u script.py >> log