Buyer's Guide

Buying a property in Bulgaria is relatively simple and straightforward process. However some variables can make it a bit complex. We are here to help and guide you through every stage of your purchase. There are several important steps that must be made to purchase a property in Bulgaria and our friendly professional team will be always ready to guide you and to give you expert advice.

Buying in Bulgaria is easy and is not more or less difficult than buying in any other foreign country. There is only one specific thing that is to be taken into consideration and it is that according to the Bulgarian Constitution and legislation foreign persons currently can acquire only buildings but not land on which the buildings are built.

Purchase of off-plan developments does not require company incorporation.

If a land is included this is easily overcame by forming a Bulgarian registered company with you being a sole owner and director.

This law is due to be removed before EU membership in 2007 and it is one of the main reasons that property prices are so attractive compared with Western Europe.

Please find bellow the steps for buying a property:

• Define you priorities

• Select some properties

• Make a preliminary enquiry and get answers to all your questions

• Plan a Property Viewing Trip

• When you are completely satisfied and sure that you really want the property place a deposit to secure it. The deposit for off-plan properties is 1000 Euro. For other properties is 10% of the asking price. Than an initial contract of sale (similar to 'Sold subject to contract' in the UK) is signed. The deposit is not refundable in case you pull out of the deal.

• If the property that you like to buy comes with land we start setting up a company for you. Buying apartments usually do not require company incorporation.

• For off-plan properties you make the payments due to the the preliminary contract

• Make an appointment with a notary and sign the Contract of Purchase /Notary Act/

• Transfer the remainder of the funds and get the title deeds transferred to your name

• Become a proud owner and property investor in Bulgaria

Please note that in case of off plan developments the final Notary Act is not signed until the building is completed.

All our off-plan developments do not require company incorporations and when you buy an apartment, you buy a section of the building. This section of the building is freehold and there is no lease, the apartment is yours forever, or until you decide to sell.