Buyers Guide

Bulgaria property Buyers Guide
Buying a property in Bulgaria is different from buying a property in UK. Foreign nationals cannot own land in Bulgaria directly. This means that a lot of properties for sale in Bulgaria require limited liability company incorporation before you can proceed with a purchase. This law is likely to change in the near future to comply with EU legislation. However this should not be a concern to the buyers who buy off plan apartments on Sunny Beach resort complexes (please verify with your agent if this is the case). You would not need to incorporate a company to buy apartments on the complexes we advertise.

Sunny Beach Apartments Reservation
As apartments in Bulgaria are getting sold and reserved quickly, it is strongly advisable to verbally reserve an apartment for 2-3 days and send a reservation fee to keep the apartment off the market for 3 weeks. We would require your personal details (full name of the buyer/s, their addresses, passport numbers, its date and place of issue). We would at this stage advice what is the best unit to buy to satisfy your investment decision either buy-to let or a holiday home.

We would be happy to discuss your furnishing options when you buy off plan apartments in Bulgaria. You would have an option to include different furniture packages in the price of apartment, so you can spread the payment of the furniture during the period of construction.

Preliminary Contract
You would receive the receipt of the holding deposit payment together with the two copies of the preliminary contract of sale for signatures with the further instructions. The preliminary contracts are written in English.

Initial Deposit Payment
The contracts are shipped to the construction company in Bulgaria for signature and are retuned when the buyer makes initial down payment less reservation fee according to the contract. The proof of payment would be required.

Subsequent Payments
The construction company together with the UK agent (our company) will inform you about the dates of further payments according to the contract, unless the dates are specified in the contract.

Transfer of the Title Deeds on apartments in Sunny Beach
Is arranged when the final outstanding payment is made. You would be required to travel to Bulgaria to sign the final contract of sale at the Notary Public in the district where you bought the property, unless you issued your solicitor with power of Attorney. It is however advisable to travel to Bulgaria at this stage.
The transfer process of the Bulgarian property should not take more than 3-4 working days, but appointment are made in advance, to ensure that the Notary clerk will see the buyer. We can arrange this on request. You would have your Title Deeds in 3-4 days after.
Please check the taxes you would have to pay in advance, as different developers offer different incentives and sometimes pay some of the costs for the buyers. We would only be able to advice you on the properties for sale in Bulgaria that we offer.