We are a one-stop shop. From the moment you contact us and tell us about your wishes, we take care of everything in relation to your place in Bulgaria. We will locate available properties meeting your requirements, organise a viewing trip for you, assist you in arranging the financial and legal aspects of the acquisition and provide various services you may need after you have become the owner of your chosen property. We are very flexible and able to accommodate each individual client’s needs. Our property consultants and lawyers have considerable experience in bigger development and construction projects. Their skills are equally useful in smaller real estate deals.

FINDING PROPERTY

We have a large range of residential and commercial properties for sale. But the real estate market in Bulgaria is quite dynamic. Newly built flats and villas are in big demand and this is pushing prices up. Once we know your budget and what you are looking for, through our wide network of local contacts we can find the most suitable offers available at the time. Then the best you could do is to take the plane and see personally the selection of properties we have found for you.

We can organise a viewing trip for as long a time as you wish. Our local representative will meet you and accompany you to all the places you want to see.

When you make up your mind, you just have to tell us which property you have decided to purchase. From that moment our Bulgarian lawyer steps in to guarantee the safety of the purchase.

ˆ back to top

LEGAL

Before you have entered into any agreement to buy a property, we will provide tax advice to make sure you are fully aware of the respective Bulgarian legislation. Whether you plan to live in Bulgaria in the future or you want to rent your new property, whether you prefer to sell it one day or pass it to your children, we can discuss with you all tax considerations. You will get a full consultation on the taxes applicable to your situation and the options available to you.

Foreigners are currently not allowed to own land in Bulgaria. This restriction in the Bulgarian legislation, which has kept prices low, is expected to be eased with accession to the EU. If you want to buy land in Bulgaria before things have changed you will have to form a Bulgarian company, which can hold the land and any buildings. We will take care of the registration formalities. Bulgarian law requires a minimum capital to be paid in before registration and we can arrange financing for you to meet this requirement. We also offer company management services for as long as the company exists.

The conveyancing process is more straightforward if you are only buying a flat. There is no restriction on personal ownership for foreigners. Our lawyers will check the title and do all necessary searches before preparing a written contract for you to sign. Like in the UK, you will be expected to pay deposit at this point. The lawyer will also be responsible for managing all payments in relation to the purchase. The transaction is completed by both parties signing a deed before a Notary who then submits it for registration at the Land Registry office. The lawyer can act as your attorney and sign the deed on your behalf, if you so wish. The payment of the purchase price is usually made on the same day, together with the payment of the notary and municipal fees due for the transaction. Then you can take possession of your new property.

Having acquired real estate abroad, there are some estate planning considerations you may wish to discuss with our lawyers. A will prepared by a solicitor in the UK will not be valid under Bulgarian law. We can assist you in making a will relating to your Bulgarian property, which complies with the requirements of the applicable Bulgarian legislation.

ˆ back to top

AFTER-SALE CARE

Most of the properties offered for sale, unless they are recently built ones, are in need of some renovation. The developers are more often than not selling new construction in an unfinished state (e.g. without flooring, tiles and wall paper). We can find for you reliable designers and contractors to carry out the work necessary to finish or update the property you have bought.

Exactly like you would do in the UK, you would want to have home insurance for your new Bulgarian property as soon as possible. We can find the best deals for you and arrange the payments.

We offer property management services as well. These include cleaning and maintenance, payment of bills for water, electricity, etc. We can arrange the property to be rented, supervise its use and collect the rent for you.

There are certain taxes due by each property owner in Bulgaria. We can make the annual tax payments for you. We also offer legal representation before local authorities, public bodies or any other persons, whenever you may need it.

If you have formed a company with the purpose of holding the real estate assets, we will take care of the company management. Through appointed professionals we provide all services guaranteeing that the company is always compliant. We prepare and submit regularly the required documents to the Company Registry, the tax office and other authorities.

ˆ back to top