How is the purchase of a property in Bulgaria running?

1. Select Property - you like and meet your requirements and needs!

   Requirements such as:

  • Size in square meters
  • Number of rooms / bedrooms
  • Number of bathrooms
  • Distance to the beach
  • Distance to the city center
  • View - sea / pool / garden / mountain, etc.
  • With or Without Furniture.
  • For seasonal or year-round use
  • For private use
  • For investment and rental
  • For repair and resale

And many other criteria according to the taste and needs of the client!

2. Reservation of the property - about 10% of the value of the property or minimum 2000 € deposit. A pre-contract type of reservation form is concluded.

Contract / Form in which the following main terms are agreed:

  • Reservation amount (according to the value of the property and the capabilities of the client)
  • Deadline for a final transaction (approximately a month, but can be negotiated for a shorter or longer period)
  • Negligence of non-fulfillment of the conditions by Seller and Buyer

3. Preparation of the deal (with the help of Best Choise) - prepare the documents and check the property for weights and other features.
The following documents are prepared for a period of one day. up to 10 days. (depending on the agreements between the parties.)

If the buyer is a foreigner and wants to buy a plot of land? Preparing documents and opening a company with our assistance:

  • New sketch of the property
  • Tax assessment
  • Certificate of weights (liabilities) of the property
  • Project of the new Notary Deed
  • Get an interpreter for the deal
  • Gathering of powers of attorney and their translation

4. Deal in the Notary (with the full cooperation and presence of Best Choice) .Notaries in Nessebar Municipality:

  • Notary Linka Chutkina
  • Checking of documents by the Notary
  • Checking the property for weights by the Notary at the time of the transaction through the register.
  • Reading the Notary Deed from all countries
  • Signing of the transaction by the parties (the notary waits to be paid by the bank payments on the transaction)
  • Payment of the Transaction via bank transfer
  • Announcement of the transaction concluded by the notary and entry into the registration office
  • Payment of Local Taxes for the acquisition of the property as well as the Fee of the Notary (about 5 % of the transaction value)
  • Receiving the New Notary Deed
  • Get the key from the new property

 5. Steps after purchasing the property (with the full assistance of Best Choise)

  • Registration of the property in the Municipal Office (local taxes and charges, the tax for Apartment with two rooms in Bulgaria is of the order of 50 € / year)
  • Registration of the property in the local electric distribution company
  • Registration of the property in the local water distribution company
  • Registration in the company registry supporting the complex, if any
  • Design and repair activities at the customer's request (full co-operation with Best Choise)

 Congratulations, you have become the owner of a real estate in Bulgaria !!!

 For more information please contact us!