The title search then begins as your realtor begins to set up a company for you. “You have to trace who is the actual owner of the property, are there any encumbrances, has the property all documentation, etc.” You may find more tips on how to buy a property in Bulgaria in 2020. Property For Sale in Bulgaria. We are unable to provide any guidance on individual property purchases apart from the information and links listed below. m* 1 bed apartment for sale Esteban, Nessebar, Bulgaria. Once construction has finished, and before you sign the title deed, ask for all documents from the seller to show that the construction has been finished in accordance with the plans. One of the main reasons Homesgofast.ocm users search for Bulgarian real estate is the low house prices in Bulgaria offering extremely food value for money. Buying a property in Bulgaria has become one of the most popular options for second home buyers in Europe. Confirm that there is an architectural plan for the property approved by the local municipality. At present, there is an alternative option when buying landed property - to form a Bulgarian registered company, with the buyer as sole owner and director (the buyer could choose to add other directors, e.g., his spouse). It is strongly recommended to suit yourself with a knowledgeable and trustworthy lawyer who is familiar with the Bulgarian law and will protect your best interest during the deal and save you from dishonest sellers or real estate agents. The transfer tax rate in Sophia is 2.5%. If you believe you have been a victim of fraud and you have neither a bank guarantee nor an insurance policy from the developer, you should seek independent legal advice regarding taking criminal legal action through the courts and register a statement with the police. 0; Log in; Registration; Home; Properties; Rentals; About us; Contact Us; More. Contacts BG Adres OOD EIK:204981039 Bulgaria, Burgas, 41 Anton Ivanov Tel. You should also make sure that your contract has the same terms and conditions as for all other owners. Make sure that any translations are true and legal. If for any reason you cannot keep up the mortgage repayments, you should speak to your bank immediately (before defaulting on repayments) to discuss the options available. It is also advisable to obtain a certificate regarding the planning situation of the plot you wish to buy from the Town Planning department of the Town Hall. This is not obligatory but it is wise to obtain a professional opinion on the property before you complete. All Rights Reserved. The PoA you sign is critical and must be read extremely carefully – it is an official instruction and supersedes all prior agreements. Advocate Vasil Markov, the leading Bulgarian real estate lawyer, advises that you should not pay a deposit or sign a preliminary contract prior to performing an in-depth due diligence of the property. Investing in Pamporovo property will put you in the Perelik range of the Western Rhodopi … Property in Varna. This can be viewed at the town planning department of the local Town Hall, you have carried out a property survey. At resorts complex starting at 450E per square meter. “It … Top offer! Movement is less common and less affordable. The Bulgarian tax authority is the National Revenue Agency. Unscrupulous, fl y-by-night agents in the past tarnished the country’s reputation in the property world for a time. So, you’ve decided to buy property in Bulgaria and want to know what’s next. The property market in Sofia is the most unique and complex in the country thanks to the great demand for space,be it residential,retails or office. This value is usually several times lower than the sale price. What about other property purchase costs? £52,102 (€58,000) 1 1 65 sq. The best property investment at the best price by Best Bulgarian Properties. The agency was founded in 2002 by Bulgarian property experts Nic Stoyanov and Orlin Orestov. Transfer Tax Please also see our guide on what support British consulates can provide to British nationals abroad. It will take only 2 minutes to fill in. If you are planning on making a return by renting out your property on a short-term basis, it is best to seek independent legal advice and check what the rules are at the local town hall or the tourist department of the regional government before you buy. To complete your registration, please click the verification link sent to: If you do not receive an email within 15 minutes, please check your spam folder or contact us for help. 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