Buy Real Estate in Bulgaria: Instructions for Beginners
May 22, 2020
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
178 500 €
Apartment in Sveti Vlas, Bulgaria
128 m²32
Nils Ott Group LTD
259 000 €
Flat in Briz, Bulgaria
69 m²211
Stefanov Invest offers a stylish, fully furnished one-bedroom apartment for sale in the highly desirable Briz district of Varna.
The property has a total area of 69 sq.m and is located on the 13th floor of a modern residential building with an elevator. The layout is functional and convenient, featuring an entrance hall, a spacious living room...
STEFANOV INVEST
335 000 €
Flat in Briz, Bulgaria
145 m²322
PRESTIGIOUS AREA! FULLY FURNISHED! NEXT TO AKVAREL COMPLEX! OPTION TO PURCHASE A PARKING SPACE!
CODE: 17207
Stefanov Invest presents for sale a spacious three-room maisonette apartment, located in one of the most desirable areas of Varna - Briz residential district, right next to the Akvarel complex. The area is known for its tranquility,...
STEFANOV INVEST
88 900 €
Apartment at Sunny Beach, Bulgaria
118 m²21
ID 34057056
Price: €88,900
Location: Sunny Beach
Rooms: 2
Total area: 118 sq.m.
Floor: 6
Maintenance fee: €150 per year
Construction Stage: Building commissioned - Act 16
Payment plan:
€2,000 deposit,
100% upon signing the title deed.
This two-bedroom apartment consists of a living room with a kitchenette and seating area,...
Oazis Bolgariya
370 000 €
House in Trakata, Bulgaria
150 m²432
ID:17347. Stefanov Invest offers a newly built detached house located in one of the most desirable and prestigious areas of Varna – Trakata, about 200 meters from the Varna – Vinitsa road.
The house has a total built-up area of 152 sq.m. and includes a bright and cozy living room with a kitchen and dining area with direct access to...
STEFANOV INVEST
89 000 €
Townhouse in Bozhurets, Bulgaria
190 m²322
iBG PROPERTY offers to your attention
An excellent, spacious, fully furnished and ready-to-use maisonette in a closed complex in the village of Bojurets!
The offered property consists of 2 levels (floors) with the following distribution:
1st level - corridor, warm connection to the adjacent garage, bathroom, large living room with separate...
IBG Property
139 600 €
Apartment in Sveti Vlas, Bulgaria
96 m²21
Description of object:
For sale is an attractive three-room apartment with a pool view in the Aqua Dreams residential complex in Sveti Vlas, Bulgaria. The apartment has a living area of 96 m² and is located on the 3rd floor. It is well and comfortably furnished and offers a beautiful view of the pool area of the complex. The property is ideal...
Nils Ott Group LTD
140 294 €
Apartment at Sunny Beach, Bulgaria
64 m²21
ID 34100444
Living area: 63.77
Floor: ground floor 1/6
Price: 140 294 euro
Area: Sunny Beach
Condition: finished ready / with Act 16
Turnkey
Custom furniture
Maintenance fee: 15 euro / sq.m
Located in a new building under construction on the first line-Complex G'ador Dune-Sunnyapartment is finished "turnkey" with high quality...
Oazis Bolgariya
89 000 €
House in Poroy, Bulgaria
32 m²21
ID 34219866 Cost: 89,000 euros.
Total area: 32 sq. m. + foundation 80 sq. m., plot 947 sq. m.
Floor: 1
Construction stage: The building is put into operation - Act 16
Payment scheme:
2000 euro deposit;
100% when signing a notarial deed of ownership.
The village Sometimes
15 minutes from Sunny Beach
Plot of 947m2
A warm house...
Oazis Bolgariya
226 600 €
Apartment in Burgas, Bulgaria
71 m²21
ID 34335192
We present you a one-bedroom apartment, located on the 13th floor, where the horizon is part of everyday life. From here you will enjoy an impressive panoramic view of the city and the sea, and every sunrise and sunset will turn your home into a place full of tranquility and inspiration.
The apartment has an area of 71,06 sq.m,...
Oazis Bolgariya
66 000 €
Studio at Sunny Beach, Bulgaria
71 m²11
Online ViewingRemote Transaction
Studio apartment for sale in the Rainbow 4 complex, Sunny Beach
Consists of a corridor, a room with a separate sleeping area, a bathroom and a terrace
Rooms: 1
Bathroom: 1
Terrace: 1
Area: 71 sq.m
Floor: 6/6
To the sea: 500 m
Elevator: yes
ACT 16
Support fee: 12 euro/sq.m per year
Rainbow 4 is the fourth complex of the...
Happy Home
101 000 €
Apartment in Sveti Vlas, Bulgaria
65 m²11
Description of object:
For sale is an attractive two-room apartment with a living area of approximately 64.2 m² in the popular Paradise Dreams complex in Sveti Vlas, Bulgaria.
The apartment is located on the 3rd floor and offers a beautiful sea view. It is furnished with good and well-maintained furniture and features a comfortable layout....
Nils Ott Group LTD
105 500 €
Apartment at Sunny Beach, Bulgaria
120 m²32
2-bedroom penthouse in Aphrodite Green complex, 6th floor, Sunny Beach, Bulgaria
60 m2 of living space + 60 m2 panoramic terrace* #34334700
Cost: 105,500 euros
Locality: Sunny Beach
Rooms: 3
Total area: 60 m2 + 60 m2 terrace
Floor: 6 of 6
Payment for service:1,140 euros per year.
Construction stage: The building is put into...
Oazis Bolgariya
274 000 €
Commercial property in Gyulyovtsa, Bulgaria
ID 34176034
Price: 274 000 euro
Location: region Burgas, s. Gyulevtsa
Total area: 13712 sq. m.
Payment:
Deposit 5000 Euro,
100% upon signing a title deed.
Land area 13712 sq.M. located in s. Gyulevtsa, District Burgas, Municipality Nessebar. The plot is urbanized for residential purposes. Nearby passes a central water main with a...
Oazis Bolgariya
55 000 €
Flat at Sunny Beach, Bulgaria
60 m²211
Credit
We offer for sale a brand new one-bedroom apartment equipped with a stylish kitchen in the VIP PARK.
Turnkey finishing is done, the apartment is equipped with air conditioning and a fully equipped bathroom with shower.
If desired, you can connect a telephone, cable TV and Internet here.
Description of the Vip Park complex :
The luxury...
METR 777
80 000 €
Apartment in Sveti Vlas, Bulgaria
68 m²11
Description of object:
For sale is a spacious and cozy studio in the Millennium 1 complex in Sveti Vlas, Bulgaria.
The apartment has a living area of 68 m² and is located on the 2nd floor. It is furnished with good and tasteful furniture and offers a pleasant and comfortable living atmosphere.
A particular highlight of the property is the...
Nils Ott Group LTD
331 000 €
House in Kosharitsa, Bulgaria
335 m²943
Remote Transaction
Location: the village of Kosharitsa, Nessebar municipality, Burgas region
Property type: three‑storey house with a large plot and a swimming pool
Floors: 3
House area: 335 sq. m.
Plot area: 1 100 sq. m.
Layout by floor
Ground floor: garage, utility room, WC, gym, room with a table tennis table, staircase to the 2nd floor.
Second...
Rialti Invest BG
75 500 €
Apartment at Sunny Beach, Bulgaria
48 m²11
Description of object:
For sale is an elegant studio apartment with 48 m² in the well-maintained "Holiday Fort Club" complex in Sunny Beach, Bulgaria.
The studio is located on the 4th floor and offers a beautiful view of the swimming pool. The apartment features a bright and comfortable living and sleeping area, a kitchenette, a bathroom, and...
Nils Ott Group LTD
122 850 €
Apartment in Sveti Vlas, Bulgaria
58 m²11
Description of object:
We offer you various turnkey new-build apartments with a flexible, interest-free installment plan until 2028 in the exclusive residential complex Loggia Residences. The project is located in one of Bulgaria's most sought-after coastal areas - between Sunny Beach and Sveti Vlas - just about 400 meters from the beach.
The...
Nils Ott Group LTD
94 000 €
Apartment at Sunny Beach, Bulgaria
84 m²32
ID 34235272
It is offered for sale:
2 bedroom apartment in Solis
Price: 94000
Locality: Sunny Beach
Rooms: 3
Total area: 84 sq.m
On the 3rd floor
Support fee: 150 euros
Construction stage: completed
Payment: 2000 euro deposit,
100% upon signing of the notarial act.
Complex "Solis" is located in one of the most popular...
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.
