How to buy property in Bulgaria?
Bulgarian legislation allows the acquisition of foreign natural persons immovables in its territory, but with some restrictions.
In Bulgaria, you may be exposed to various types of real estate.
Buying apartments
If you are buying apartments / flats / You do not have to face these restrictions. Buy an apartment in the property may be foreign legal and natural persons. Along with the apartment and made out the so-called ideal part of land under the house and "get" under the apartment. Usually, it ranges from 0.3 to 5 sq. m. and a conditional notion. Bulgarian legislation does not prohibit the registration of a company at the property / flat / and use it as an office.
Legislation of the Republic of Bulgaria does not impose any restrictions on use and disposal of real property when it is owned by the company. Foreigners enjoy the same rights as Bulgarian citizens in the sale and delivery of the latest real estate for rent.
Buying a home or land
When buying houses / cottages / should keep in mind that the land is not sold to foreign individuals, but are delivered in long-term lease. In order to buy land in the property, you must register the company. A foreign buyer may become the owner of houses / cottages / or commercial facility in Bulgaria. And the owner may be a natural or legal person. However, there is one detail that you need to know before investing in a villa / cottage. Ground under the building and surrounding area to sell to foreign natural persons is prohibited by law. However, when buying houses, nothing and no one will prevent you to make long-term lease, a term which is unlimited. Minimum period - 4 years. When selling the building in its value is always included and the cost of land. It is a small part (up to 1 - 10%), and high rents inappropriate. This option is valid when buying a home for periodic short-term visits, for example, for the summer holidays. If the purchaser intends to reside permanently in Bulgaria, if you purchase an individual building plot to make us better. To be prepared 2 notarial act: the acquisition of ownership of the building and land. In the standard case: when buying and building and land on one and the same person is issued a notarial act. The buying and building and site at the firm does not cause any legal difficulties.
When registering a property in Bulgaria, which is made strictly with the notary, you will have to pay taxes on registration of real estate.
To make real estate purchases, the foreign entity must provide a copy of the passport, but when buying a legal person - the constituent documents for the company.
Features of the real estate market
Private individuals - foreigners are prohibited sale of land and forests. This applies to sites for new construction, and agricultural land. However, allowed to rent plots of land without the restrictions of the size. Minimum rental period - 4 years, maximum - not installed. A foreign company with Bulgarian participation, ie where at least 1% of the capital belongs to citizens or legal persons of Bulgaria, has the right to purchase land and forests. The same right is also a company registered in Bulgaria, but the founders, which are foreign individuals or legal entities. On the legislation, they are no different from companies established by citizens of Bulgaria.
The owner of a property in Bulgaria is obliged to pay annually in property taxes and fees for household waste. The tax does not depend on the status of the owner and the same for physical and legal persons. Rents do not exist.
Why buy property in Bulgaria?
- The good price / quality ratio!
- Convenient payment terms!
- Bulgaria - a country that has become a full member of EU!
- Real estate near the sea in the tourist area always brings a great income while taking her to rent!
- Infrastructure!
Many of our clients wishing to buy property in Bulgaria, a large number of different issues, from the gradual process of buying an apartment to consult on the choice of a more prestigious area!
You can always turn to our experts who will assist you in addressing these issues, advise that it is better to buy, in that it is better to invest the money, but also offer you some of the properties from our database. A more detailed information about your order, please contact us.