The Buying Process

Apartments

Foreigners can purchase apartments in Bulgaria without the need to set up a LTD company, if no land is included in the sale of the property.

Villa Houses

In order for a foreigner to own the land upon which a villa house sits they must set up a limited company.

Land

In order for a foreigner to own land in Bulgaria they must set up a limited company, this can be arranged through this website.

It may seem a daunting task setting up a limited company in order to own the land upon which your villa house is sited. However, the hard work of finding the right people and advice has already been done for you. We aim to assist you in every way to ensure this process goes as smoothly as possible. Contact us for more details.

Land

If you are interested in buying land in Bulgaria for residential or commercial development please contact us with you requirements and we will endevor to find the land you are looking for.

Details below Only apply to properties where you own the land. This process does not apply when purchasing on apartment blocks where the developer retains the land. In this case the process is different.

Find the property you wish to buy.

We will check the legality of the documentation and permissions regarding the property

Establish a Ltd company, this will take approx 1 month ( when buying a villa house or land ) not required when purchasing apartments.

Place a 10% deposit and establish a pre-contract to secure the property and remove it from the current market.

Commission of 3% will now be paid to the estate agents, Negotiate a completion date with the seller

Under Bulgarian law any, foreigner purchasing property will have an officially appointed government translator present, to explain exactly what is written on all documents before you sign. There is a charge of around 30Lv for this service.

Sign for your new property at the government appointed notary office, at this point you will make the final payment and pay notary fee, (approx 0.5 % of the taxable value of your new property) along with municipal taxes of 2% We would recommend that you allow 6% to cover all commission, taxes and fees.

Notary Deals

Please note bghouses.com have no control over Notary Deals on properties or land. For more information, contact us