Buy Real Estate in Bulgaria: Instructions for Beginners
May 22, 2020
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How to buy Bulgarian properties? How long does the paperwork take? Who is responsible for the transparency of transaction? Read the most important and useful things for buyers of real estate in Bulgaria in this article.
Step 1. Reserve and Check the Property
Opening a Bank Account
Buyers open an account in a Bulgarian bank after selecting the property. They need it to transfer the deposit, the remaining amount of the cost, as well as to pay state taxes, duties, and utilities. Although sometimes the deposit can be paid in cash, since the amount is usually small.
Paying the Deposit
Once you have chosen a specific property, it is necessary to reserve it by making a deposit. Usually it is up to €3000 in Bulgaria. This amount as well as the main parameters of the deal are specified in the booking agreement: terms and payment scheme, information about the property, information about the realtor or developer.
If the deal fails due to the buyer’s fault, then the buyer loses the deposit. If the fault is on the seller’s side, they have to return the deposit in a double amount.
A preliminary contract can be drawn up by the request of the parties. It reflects all the parameters of the deal: the cost of property, the seller's bank details, terms and amounts of payments, a description of the property itself, the rights and obligations of the parties, sanctions in case of violation of obligations.
Properties in Bulgaria
1 500 000 €
Hotel in Rogachevo, Bulgaria
2300 sq.m
A complex of houses and apartments in the village of Rogachevo! 4 km from the famous Albena resort and from the sea!
ID 13209. We offer you a gated cottage complex near one of the most popular Black Sea resorts in Bulgaria, Albena.
The complex of houses and apartments is located in the village of Rogachevo, 40 km from Varna, 35 km from Varna...
STEFANOV INVEST
83 500 €
Flat in Primorsko, Bulgaria
65 sq.m211
ResidenceOnline ViewingRemote Transaction
Payment in rubles in Moscow !!!
Sale directly from the developer !!!
New one-bedroom apartment with steam heating with furniture and appliances fully equipped for rent all year round or for year-round living. Maintenance of 600€ per year includes a fee for heating and use of the entire territory with two summer pools and a winter pool,...
Payment in rubles is possible !!!
We guarantee obtaining a residence permit and opening an account in a Bulgarian bank !!!
The Green Paradise complex has a unique location - far from the hustle and bustle, in a quiet, unusually picturesque, green place, near a pine forest and an oak grove, just 300 m from a sandy beach with white sand, 150 m...
METR 777
109 900 €
Townhouse at Sunny Beach, Bulgaria
99 sq.m
TOP PRICE — 109.900 euros
Luxury townhouse for sale in the complex VENUS Palace, Sunny Beach.
Venus Palace is a gated complex, has a wonderful territory with landscaping and areas for a serene and comfortable stay. There is an outdoor swimming pool with many attractions on site. A children's pool, a pool bar, a Jacuzzi, an exotic garden with...
METR 777
176 220 €
Commercial property in Nesebar, Bulgaria
107 sq.m
Price: 178,000 euros
The settlement of Novy NESSEBAR
Total area: 67 sq. m.+ 40 sq.m
Floor: 1/1
Service fee: 0
Construction Stage: The building is put into operation - Act 16
Payment scheme:
2000 euro deposit,
100% upon signing a notarial deed of ownership.
Easy access by car! The restaurant is operating, possibly under a cafe,...
OAZIS REALTY
69 500 €
Apartment in Ravda, Bulgaria
55 sq.m21
ID 31050986 1 bedroom apartment in Apolon 9complex
Price: 69 500 euro
Location: Nessebar
Rooms: 2
Total area: 55 sq. M.
Floor: 5/6
Maintenance payment: 495 euro
Stage of construction: the building is put into operation-Act 16
Payment:
2000 Euro deposit,
100% upon signing a title deed.
We offer for sale an apartment with 1...
OAZIS REALTY
70 300 €
Flat in Sveti Vlas, Bulgaria
68 sq.m3
We offer to your attention a spacious three
-room apartment, with panoramic sea views, in the complex "Imperial Fort" Sveta Vlas.The area of the apartment
68 sq.m, located on the 4th floor and consists of: living room with kitchen, 2
bedrooms, bathroom with shower, spacious terrace with sea views.The apartment is perfect for year-round...
alternativa imoti ood
175 000 €
Flat in Sveti Vlas, Bulgaria
72 sq.m3
We offer to
for sale a two-bedroom apartment on the first line with a wonderful panoramic view
of the sea. The apartment is located on the 4th floor, area 72 sq.m, in a complex 50 m from
the beach, Sveti Vlas.The apartment
consists of: a large spacious living room with a combined kitchen and dining area,
two bedrooms, two bathrooms, an...
alternativa imoti ood
62 500 €
Flat at Sunny Beach, Bulgaria
55 sq.m211
One-bedroom apartment in the elite complex "Royal Sun", Sunny Beach
Area: 55 sq.m, Floor: 5/6
Layout: entrance hall, living room with kitchen, bedroom, bathroom and terrace. Sold furnished and equipped.
Royal Sun is a residential complex that harmoniously combines modern design and traditional architecture of the South. The...
Happy Home
89 900 €
Flat in Obzor, Bulgaria
92 sq.m321
IBG PROPERTY offers to your attention:
Uncompromising first line! Sea view!
One-bedroom apartment with sea view - without adjoining rooms! The total area is 92 sq.m. Located on the 3rd floor of 5, not the last floor, medium apartment, middle floor, there is an elevator. The distribution is as follows: corridor-hallway, bedroom, second...
IBG Property
375 000 €
Apartment in Sveti Vlas, Bulgaria
147 sq.m32
Unique penthouse with panoramic sea view in Sveti Vlas, Bulgaria
#31640218
Price: 375 000 euro
Location: Sveti Vlas
Rooms: 3
Total area: 147 sq. M.
Floor: 5/5
Maintenance payment: 600 euro
Apostille Of Construction: Act 16
Payment scheme: 2000 Euro deposit, 100% when signing a title deed.
Unique multi-bedroom apartment with...
OAZIS REALTY
139 999 €
Apartment in Elenite, Bulgaria
100 sq.m32
ID 31952188
Price: 139,999 euros
Locality: Elenite
Rooms: 3
Total area: 100 sq.m.
Floor: 2 of 10
Maintenance fee: 1000 euros per year
Construction stage: completed - Act 16
Payment scheme:
2000 euro deposit,
100% upon signing the notarial deed of ownership.
We offer for sale a 2-bedroom apartment in the Atrium Beach complex...
OAZIS REALTY
46 000 €
Flat in Nesebar, Bulgaria
55 sq.m211
Two-room apartment in the complex “Stanny Court”, Nessebar
Rooms: 2
Bathroom: 1
Terrace: 1
Area: 55 sq.m
Floor: 3/5
To the sea: 300 m
Elevator: yes
ACT 16
Support fee: 7 euro/sq.m
"Stanny Court" is a modern resort complex, located near the new Water Park. It consists of two separate buildings / Complex...
Happy Home
125 000 €
Studio in Sveti Vlas, Bulgaria
158 sq.m321
Apartment on the first line in the complex “Grand hotel”, Saint Vlas
Rooms: 3
Bathroom: 1
Terrace: 2
Area: 158
Floor: 3/6
To the sea: 30 m
Elevator: yes
ACT 16
Support fee: 22 euro/sq.m per year
Grand hotel is a luxury hotel complex, built in a modern Mediterranean style and located on the very shore in the...
Happy Home
68 500 €
Flat at Sunny Beach, Bulgaria
61 sq.m211
One-bedroom apartment in the elite complex "Royal Sun", Sunny Beach
Rooms: 2
Bathroom: 1
Terrace: 1
Area: 61
Floor: 3/6
To the sea: 600 m
Elevator: yes
ACT 16
Maintenance fee: 15.20 euros/sq.m per year
Royal Sun is a residential complex that harmoniously combines modern design and traditional Southern architecture....
Happy Home
189 900 €
Penthouse in Ravda, Bulgaria
197 sq.m322
First line, two-bedroom apartment in the Oazis complex, Ravda
Rooms: 3
Bathroom: 2
Terrace: 1
Area: 197 sq.m
Floor: 6/7
To the sea: 50 m
Elevator: yes
ACT 16
Support fee: 15 euro/sq.m per year
Oasis is a new gated residential complex with beautiful sea views, located in the quiet resort village of Ravda, a few steps from the...
Happy Home
59 900 €
Flat in Byala, Bulgaria
110 sq.m211
A HUGE ONE-BEDROOM APARTMENT WITH A LOW MAINTENANCE FEE!
The apartment is located on the ground floor and consists of a corridor, a large living room with a kitchen area, a bedroom, a bathroom with a toilet and a huge veranda. It is offered furnished. The total area of the apartment is 110 (!!!) sq.m. Net area of 88 sq.m.
People live in the...
IBG Property
88 900 €
Apartment in Lozenets, Bulgaria
73 sq.m32
ID 32949172
Total area: 73.31 sq. m
. Cost: 88,900 euro
Support fee: 12 euro per sq m per year, storey property
Floor: 3
The terrace: 1
Payment scheme:
2000 euros-deposit
100% when signing a notarial deed of ownership
Object information:
We offer a large, bright apartment on the first line of the sea with two bedrooms and a...
OAZIS REALTY
56 000 €
Flat at Sunny Beach, Bulgaria
60 sq.m211
One-bedroom apartment in k-se "Balkan Breeze 1" on Sunny Beach
Rooms: 2
Bathroom: 1
Terrace: 1
Area: 60 sq.m
Floor: 3/6
To the sea: 700 m
Elevator: yes
ACT 16
Support fee: 8 euros/sq.m per year
The Balkan Breeze 1,2 complexes are located in a beautiful quiet location, a 5-minute walk from the center of Sunny Beach. The...
Happy Home
68 900 €
Flat at Sunny Beach, Bulgaria
55 sq.m2
This
two-room apartment in Sunny Beach is located on the second floor and
has an area of 55 square meters. The windows overlook the city, which
adds atmosphere and comfort.
The complex in which the apartment is located provides an extensive range of amenities
for residents. In particular, there is a swimming pool where you can refresh...
The buyer is required only to provide their passport or ID in person according to Bulgarian law. But the seller collects and provides the notary with a set of documents for the deal:
Certificate of estimated value issued by the municipality. This document can only be obtained if the property has no debt.
A certificate from the cadastral service.
Notarial act of the seller.
Declaration of marital status.
A certificate of absence of tax debts.
A certificate of absence of encumbrances (for example, loans).
Please note! A good real estate agent always checks the whole status of a property in advance to protect the client and help to make a successful deal. This once again confirms the importance of choosing a good mediator.
The buyer and the seller sign the contract in the presence of a notary and an interpreter. The notary checks the current property status and purity of the deal based on the extract from a register of property rights and other documents. They confirm that the property belongs to the seller, attest signatures of the parties and the deal itself as a legal act. The notarial act is drawn up in Bulgarian only. The notary acts as the guarantor of the agreement.
You don't need to visit the notary's office yourself to become a property owner in Bulgaria.
Step 3. Final Settlement
The remaining amount of the cost or a one-time full payment is usually made immediately after the notary's certificate is signed in the presence of a notary. Money is transferred via bank transfer to the seller's account. The seller then confirms that they have received the full amount, and the notary adds the necessary data in the real estate register.
It is often possible to pay for the property in cash. The standard transaction amount is about €30000, therefore as a buyer you can pay without using bank transfers. Especially if the buyer agrees on an installment plan. You can legally bring to the country in cash an amount that covers the property cost in two-three back and forth trips.
The buyer also pays the transfer tax, notary fees and state duty. The services of a real estate agent in Bulgaria are usually free for the buyer.
The notary sends the documents to the district court to register the transfer of ownership. The new data is added in the state register there. The buyer receives a certificate of ownership from the notary office within a week after the conclusion of the deal.
The final stage of registration of documents is the registration of real estate in the Statistical office of Bulgaria (Регистър Булстат) and the tax inspection. This usually takes about two months.
Can I seal the deal remotely?
Of course. For a remote deal you must issue in advance a power of attorney to a real estate agent and notarize it in country of residence. You also need to provide a declaration of the origin of funds and a certificate of marital status.
