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LEGAL ADVICES FOR BUYING IN BULGARIA

 

We can organize the entire process for buying a property in Bulgaria - from start to finish together with all aspects of Bulgarian property law.

First of all - in Bulgaria the foreigners still can not buy a land. They can buy just the properties without the land on which they are built. To buy the land you have to set up a Bulgarian company in which you are 100% sole-owner. After that this company buys the property with the land. We expect the law to be changed in next 2 years because Bulgaria is already EU member but for now this is the best way for buying a property in Bulgaria. Now, practically each foreigner buy in this way. The TOTAL amount of setting up of this company will cost you 300 EUR - it includes everything, the government taxes, set up taxes, lawyer fees etc. After purchasing of the property your company does not need any annual taxes or fees for existing of your company.

The government fees in the purchasing of property in Bulgaria is average about 2,5% from the price (it includes government taxes, local fees, notary fees etc.) but this fees has split between the buyer and the seller. Also have in mind - in Bulgaria the Government tax evaluation of the properties is less evaluated than market price. For example most of the rural houses in Bulgaria which market price is between 10,000 EUR and 30,000 EUR are evaluated by the Government Tax Ofiice between 3,000 EUR and 10,000 EUR.

Our real estate agent fee is just 3% from the amount but not less than 600 EUR. Furthermore, we have not any other fees.

So, for example if you want to buy a house for 30,000 EUR the TOTAL extra costs which you have to pay are about 1325 EUR.

The annual TAX fees for a home in Bulgaria is not expensive - between 50 Eur and 200 Eur per Year depending from the property.

We can also supply you with fully qualified builders to help you with a survey or any building modifications you may wish to have. Lawyers and accountants are also available to help with any questions.

We help any our client with airport pick-ups and hotel accommodation if required.

See our FAQ section for more questions or contact us at info@countrysidebulgaria.com


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