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| BUYING PROPERTY IN BULGARIA | |
Why Bulgaria?
Bulgaria is the place; now is your time. Bulgaria is your investment opportunity; your holiday destination and your very own hidden gem. Bulgaria is becoming a popular destination, but it is still relatively unexplored. Skiers will know about its winter sports and some will have visited the Black Sea summer resorts or the beautiful and relaxing spa areas. Most of us have heard about the Bulgarian wine in supermarkets but there is more - a lot more.
Bulgaria offers beautiful sandy beaches, mountains, rivers, valleys, ancient towns, villages and monasteries which rank as World Heritage sites. Bulgaria has a history of several millennia with a long tradition of culture, architecture, art and scientific prowess. Its people are highly hospitable, educated and often multilingual. The food is fresh, healthy and delicious. Things are changing rapidly... in the years before Bulgaria joined the EU in 2007 large sums have been invested in the infrastructure of the country improving communications, roads, airports and buildings. But the natural beauty, age-old hospitality and outstanding value remain. And we are here to help you, from your preliminary enquiry through to our extensive post-purchase services.
Bulgaria has a relatively new and undeveloped real estate market, offering a wonderful range of properties. Some places are very fashionable and the prices reflect this but there is a great range of interesting property in beautiful locations at very low prices compared to Western Europe. It is quite possible to buy a house in a beautiful location for less than £4,500 and a very nice seaside villa for considerably less than in the UK.
PropertiesinBulgaria.com recently worked with major UK TV station Channel Four's A Place in the Sun on their special programme "The Beauty of Bulgaria". We were contacted by the broadcasters to assist in the making of a documentary, No Going Back, about the life of a British family now living and working in Bulgaria.
You will see from the BBC advert that interest in Bulgaria is undiminished and that our services have achieved continued recognition as the best around.
Exhibitions of overseas properties are very popular in the UK and at a recent exhibition hosted by the magazine publisher Homes Overseas over 40 seaside properties around Varna were sold in just one day.
How easy is it to buy with PropertiesInBulgaria.com?
Probably easier than you think. Of course, buying in Bulgaria presents similar challenges to buying in any foreign country - it is not particularly more or less difficult than anywhere else. The one specific law to be taken into consideration is that a foreigner is currently prohibited from owning land in Bulgaria. This is easily overcome by PropertiesInBulgaria.com forming a Bulgarian registered company on your behalf, with yourself as sole director and beneficiary. That company can then buy and own both the house and the land freehold. This procedure is fully recognised under Bulgarian law. More details on the process of forming this new business entity in order to own the property or properties are available here.
NEW! In order to make it easier for all our oversees clients to have their property deals finalised we have recently launched a unique secure online interface providing you with a completely safe way to lock your selected property in, thus ensuring no one else is able to compete for it. We are currently 'fine-tuning' our totally remote procedure for purchasing your new property in Bulgaria without you having to come over at all. Please contact us for more details and information.
More detailed information: Legislative Framework and General Rules
Costs of Buying/Timescales
Legal fees for setting up a company and doing the conveyance will be approximately £500.
State Tax (Stamp Duty equivalent) is 2% of purchase price and other legal and notary fees are less than 2%.
Timing - it takes couple of days to sign the preliminary contract with the deposit/downpayment (usually 10% of agreed price) to lock/secure the selected property in, then a week or so to form a company and then a few weeks to notarise the deal. So the overall process when using our knowledge and services is much faster than in most countries.
Real Estate Taxation
More information is available from Bulgarian Embassy in London, UK about:
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 | Lake in Rila Mountain | © 2023, D. Georgieva |
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DID YOU KNOW?
February 9, 2023
Buildings constructed post 2000 have the highest earthquake resistance, urbanist says
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Call Properties in Bulgaria (a service of easyBG Real Estate LLC) - probably the best UK BG property specialists since 1998. Talk NOW with no obligation to a real person. Please call us at 020 4577-3369 (UK) or +359 29 862-863 (BG) |
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 Whilst every care is taken to ensure that all general information and descriptions of property is correct we advise all clients to make their own checks and take legal advise when purchasing property overseas. Information and price guides subject to change. All properties shown are to the best of our knowledge genuinely for sale at the time of publication (unless clearly marked "Reserved" or "Sold"). Although the properties have been visited by our staff and details are produced in good faith, no responsibility is taken by us for any discrepancies, inaccuracies or omissions. All introductions and referrals to agents, lawyers and other services are made in good faith but no responsibility is taken by us for any problems or negligence which may arise. All background information about Bulgaria is taken from that available in the public domain and is not a recommendation from us or our staff although of course we may add comments and suggestions based on personal experience (such as restaurants)
 | IMPORTANT Due to the recent events related to the COVID-19, regretably after 22 years, we had to leave our central Sofia office for correspondance and administrative purposes only. For personal appointments and property viewings please contact us |
 | NEWS PROPERTIES IN BULGARIA - our NEW official mobile app is now open for free download on the market at: download |
Bulgaria: Housing Prices in Sofia continue to Rise
27/04/2023
Property prices continue to rise, but there are already signs of a slowdown in growth. It is expected to be more pronounced in the second half of the year, since the more significant increase last year was also registered then. [read more]
20 landmark buildings across Bulgaria will be lit up in green to honour St Patrick's Day
16/03/2023
On St. Patrick's Day, March 17 the Embassy of the Republic of Ireland in Bulgaria will light in green 20 landmark buildings across Bulgaria. There will be also two literary exhibitions dedicated to Irish famous Nobel prize winners writers – James Joyce and Samuel Beckett. Beckett will be presented in Tryavna while Joyce will be presented at Veliko Tarnovo University where there is a faculty of Irish literature. [read more]
independent.co.uk
17/04/2018
If you're looking for a cheap beach holiday this summer, you should head to Bulgaria and Turkey, according to the 12th annual Post Office Travel Money Holiday Costs Barometer. [read the article]
Decline in Real Estate Transactions in Bulgaria: Further Price Growth is Not Expected
28/02/2023
At the end of last week, a business forum dedicated to the challenges facing the real estate market in Bulgaria was held in Varna. The experts who took part in the event united around the opinion that the past year was successful for the real estate market in Varna. There is a growth in both demand and supply, as well as in new construction, where the growth is about 22%. [read more]
independent.co.uk
13/12/2017
British holidaymakers are moving east to extract more value for their pounds, according to Europe’s biggest travel firm, writes Simon Calder in Bulgaria and Croatia See More Bargain-Seeking Brits. [read the article]
More and more Ukrainians buy homes in Bulgaria
28/02/2023
The war in Ukraine and the refugee wave to Bulgaria have had an impact on the housing market, which was previously stagnant due to the pandemic. [read more]
A Briton works for the benefit of locals to turn Stoikite in the Rhodope Mountain into a model village
13/02/2023
Steven Proctor comes from Newbourne - a small town in the southern part of Great Britain. By profession he is a mechanical engineer, and by residence he is now a resident of the Rhodope Mountains and, more precisely, a resident of the Rhodope village of Stoikite. The 47-year-old Englishman settled here three years ago, together with his Bulgarian wife Vanya. [read more]
oxfordbusinessgroup.com
22/07/2010
Nick Lavtchiev, director of Easy BG - a company that deals almost exclusively with UK clients - told Oxford Business Group (OBG) recently that, "Over-urbanisation is no good for this market. What is the point of going on vacation or having a home in a place that is as overpopulated and ugly as where you came from? There are plenty of other places in the middle of nowhere that are of interest to aspiring permanent residents.". [read the article]
British Ambassador Rob Dixon: For a very long time, property and assets have been stolen from the Bulgarian people
13/02/2023
“For the first time, we are identifying individuals from Europe as being at risk of serious corruption,” British Ambassador to Bulgaria Rob Dixon said in an interview with bTV. [read more]
irishtimes.com
26/04/2018
The flipside is that Bulgarian property is now remarkably affordable and probably appropriately priced. Properties that sold for €80,000 10 years ago are widely available now for €25,000, writes Diarmaid Condon in Is the price now right for Bulgarian property investments?. [read the article]
Buildings constructed post 2000 have the highest earthquake resistance, urbanist says
09/02/2023
The horrifying images of collapsed buildings and destroyed infrastructure after the earthquake in Turkey and Syria placed the question about the state of the housing stock in Bulgaria back on the agenda of society. [read more]
The Report - Emerging Bulgaria 2007
01/01/2007
"There is significant scope for development of spa and welness tourism due to Bulgaria's many mineral springs. Golf course development is another area where we are seeing growth." said Nick Lavtchiev, CEO of easy BG a local property firm". [read the book]
telegraph.co.uk
05/05/2004
The prices are almost irresistible, but buyers must beware dodgy deals and 'iffy' infrastructure, writes Cheryl Markosky in Bulgaria Beckons. [read the article] |
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