How to Buy Property in Bulgaria
The real estate buying process in Bulgaria is different from the
process in many other countries. Many people don't realise that a
Bulgarian limited company has to be set up if you intend to buy a
house with land.
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[edit] Steps
- Make an offer – Once an offer is made and a deposit paid to your lawyer (usually 10% of the agreed price), the property is then taken off the market.
- Open a company bank account to deposit the 5,000 Levs to show that you have the funds required to set up a company in Bulgaria.
- Set up a Bulgarian registered company for buying property in Bulgaria. (The cost is around £400- £700.)
- Open a personal bank account for future payments of tax and utility bills.
- Enlist the help of a Bulgarian lawyer to perform searches to the Land Registry -once all documents have been checked and approved, a completion date will be agreed upon.
- Completion shall be effected upon transfer of funds and signing of the Notary Act, which is the transfer of Title Deeds. Legal fees & costs on purchase price totals around 5%
- – Time scale for the entire process is around 30/40 days.
[edit] Tips
- Remember to use a good local solicitor and research for property comparables from other agents before making an offer.










