Land for sale  Burgas, €70.00 per sqr/m

10 Houses for sale  Shoumen, €150,000.00

Off-plan apartments for sale  Bansko, €56,965.00

Restaurant for sale  Burgas, €250,000.00

villa for sale  Plovdiv, €300,000.00

Hotel for sale  Varna, €2,000,000.00

Apartment for sale  Veliko Tarnovo, €42,000.00

House for sale  Veliko Tarnovo, €0.00

How to Buy a Property in Bulgaria

Published on: 05/04/2007 1. After choosing the properties you like send an enquiry for more
information.

2. Arrange your travel to Bulgaria. Inform the agent which properties you want
to view, how long you have planned to stay – to be able to plan your
beneficial viewing trip
 3. We recommend you to plan your trip between 3-5 days according to the
properties you want to view.
 4. When you choose a property which suits you requirements and decide
to buy you sign a preliminary contract. The preliminary contract is
similar to "Sold subject to contract" in UK and is needed to reserve
the desired property. It will be signed by the seller and a person
authorized by you.We advise you to sign this contract and pay 10 % of
the asking price of the property in order to be removed from the
market.

5. Company registration – according to the Bulgarian laws, foreigners
can buy buildings but not land for that reason the most common practice
is to register your own Limited Liability Company which will possess
the land or the whole property.  The process goes like this:
-  You will set-up your Bulgarian company. You
may do this in person or by authorizing  through a Power Of Attorney.
- 5000 BG Leva need to be deposited into a company bank account - this
is the starting capital of your company. It stays there until
registration – for about 4-5 days. After that the 5000 BG Leva can be
withdrawn and used as part of the payment for the property. - 600 Euros
are fees for the setting up of the limited company, these fees include
lawyers’ fees who prepare all the documents for the company, go to
different services to register it and arrange all procedures and
documents, plus all papers officially translated and stamped into
English and posted back to you.
- 100 Euros - bank fees and charges to open, to close and to withdraw
payment from your account.

6. The next step is to sign Final Contract of Purchase – the fees
should be paid are formed on the basis of the selling price:
- fee for the tax service which amounts up to 2% of the property price
- fee for a notary
(Land tax, Notary fee is dependant on the declared value of property,
which by mutual agreement between buyer and seller can sometimes be
different from the price entered on document of sale. If both buyer and
seller agree, it’s quite common for a lower declared price to be
entered on the Contract of Sale. This can lessen the Capital Gains Tax
liability for the seller and save the buyer a considerable amount in
Land Tax, especially on the more expensive properties.) Agent's commission is not included in this expenses!
After this 6 stages you are officially owner of a Bulgarian property.
Source: 24 Hours Newspaper





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