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How to buy a house in Bulgaria

Perhaps you are already informed about buying a property in Bulgaria. There is a lot of information on the Internet about this, but in brief:
According to the Bulgarian Constitution, foreign individuals can buy residential premises, but not land. A change in the law is expected, which will allow of this, but there are no timeframes set officially with regard to this change yet.
Therefore, the easiest way is to set up a Limited Liability Company, which has its own advantages. Your liability shall be up to 5 000 Bulgarian levs /minimal threshold to register a Ltd company /. The process of registration usually takes about 7 working days, and after that your company may own title to properties and land in Bulgaria.

We can handle this whole process against payment.
We do not have hidden fees - you can read all
our fees on the website.

....and in detail

BGProperties.biz proposes to its potential clients to become acquainted with the possibilities of purchase and formulation of real estate in Bulgaria ,Veliko Tarnovo region. We are ready to show new, modern Bulgaria to you, whose appearance in the last decade substantially changed. Political and economic stability in the country obtained world acknowledgement. Bulgaria was accepted in NATO. Is determined the date of the entrance in 01.01.2007. All citizens of Bulgaria enter without the visas into the countries in THE EUROPEAN UNION /except UK/. In the country is developed successfully the market economy and it is possible profitably to invest into it. The reliability of your contributions they are guaranteed by legislation with the liberal orientation.

Foreigner, as physical face, can on the level with the Bulgarian citizens acquire apartments, houses and other objects of real estate, except the earth and forests. Sale of the earth in Bulgaria is not thus far permitted the foreign physical persons. Buy the earth they can legal persons, registered according to the Bulgarian laws. In this case the composition of founders does not have value, means. 100% of the capital can belong to foreigner.

Thus the firm, founder of which is foreigner it has equal rights in the acquisition of real estate with other Bulgarian firms and citizens of Bulgaria - by physical persons.

BGProperties.biz propose to clients the following order of the organization of familiarizing trips with the proposed objects of real estate and for the conclusion of transaction to the purchase of real estate:

Order of the formulation of statement for the search for real estate, the formulation of the trip. 

1.Client shapes statement to the purchase of real estate through our contact form. In accordance with the conditions of this statement, in Bulgaria is conducted the search for real estate, whose results will be coordinated with the client to his departure into Bulgaria.

2.Client selects hotel /or can use one of our accommodation flats or partners/ to the holding time in Bulgaria of the accordingly acting proposals of BGProperties.biz , for organizing the familiarizing trip.

3. Encounter in the airport, transfer to the hotel, arrangement and the inspection of the objects of real estate in Veliko Tarnovo or any region of Bulgaria /please ask for further information/.

Forms of real estate can purchase in Bulgaria and as is produced the process of formulation

In Bulgaria you can purchase "apartment" (apartment with two and more rooms) in the contemporary brick houses, the houses of panel building and the houses off plan,  

For the formulation of real estate buyer - foreign physical face must present foreign passport, and with the purchase to legal person - constitutive documents to the firm. Before the accomplishment of transaction to notary is presented the extraction from the register about the "cleanliness" of object and the state estimate of the cost of object, issued by territorial tax service. In the extraction is reflected the presence of the mortgage of object, right to the use of object by the third persons, the prohibition to sale, open judicial matters, and also is confirmed the belonging of object with concrete face - salesman. Transaction takes shape into two stages - initially it signs preliminary agreement and buyer pays advance (usually 10% of cost). The periods of the final signing of agreement and the periods of final calculation afterward are specified. Preliminary agreement can not consist at will of sides, but immediately in notary signs final – notary report about the transfer of property and obtaining the right to manage the immovable property. After the signing of document by salesman and by buyer and the verification of their signatures, the notary presents notary deed  into the district law court. Judge introduces a change of the circumstances on the object into the state list of the immovable property and records about the inscription in the quite notary deed.

The selling-price of object, indicated in the notary deed, cannot be lower than the state estimate of the cost of object. On the basis of the selling-price, are determined the size of council to the transaction and notary tariffs. On the whole they are of about 3% of the cost of that indicated in the contract.

The commission of the real estate company is from 3-8 % from the real cost of object.