Terms of Payment
- rental services
- € 2,000 non refundable reservation deposit,
- 50% within 30 days,
- 20% when bricks and plaster are finished
- 20% with aluminum and windows works
- 10% on Delivery: December 2007
Special Offer: A washing machine, refrigeraror, a cooker and an air-conditioner in each room
Loan Facilities
- 60% Loan Amount
- 15 Years Repayment Period
- 6.5% Interest Rate (through a UK Mortgage Institution)
Legal Information
How to buy property in Bulgaria
1. Could a foreigner purchases a land in Bulgaria or only a building?
2. Could a foreign company purchase a building and a land?
3. Would a foreigner need to establish a company or to register an office in Bulgaria?
In accordance with our Civil law a foreigner or a foreign company can possess ownership of a building and have limited ownership rights on a plot of in Bulgaria . This applies also to the case when a foreign ndividual or a foreign business, inherits land as a legacy. In conformity with the Bulgarian law of succession, the individual or company must transfer ownership to a Bulgarian citizen no later then 3 years after inheriting the legacy.
Foreign company can possess every kind of a land. But it has to be paid attention to the most important fact this land is not allowed to be agricultural. Bulgarian civil law makes no provision for purchasing a building.
The situation for non juridical person - physical/private persons - is slightly different - the foreigner has to buy the right to use a land.
The right to use is one of the 3 elements of the ownership. If the owner doesn't have this element of the ownership he can't sell his property. He will have the need of a special permission which have to be given from the owner of the right to use the same property.
Foreign company can buy a hotel but it has to abide the following:
- To register an office in Bulgaria
- Registration in the Palace of trading and industry
- Permission for residence in Republic of Bulgaria
- Authorized attorney in Republic of Bulgaria
- Registration fee
- Registration in the National Insurance Institute
In general it could be observed that:
Foreigner can buy a building and the only right to use a land in Bulgaria. The first step for buying a property here is recommended to be establishing a company in Bulgaria. For establishing a company here in Bulgaria the foreigner will have the need of permission for residence in Republic of Bulgaria.
Foreign company can purchase a building and a land but the land is not allowed to be for agricultural needs.
You can download our brochures and plans from here
