Legal Advice

Buying a property in Bulgaria is a simple and straightforward process. It usually takes between 2 to 4 weeks. We can organize the entire process from start to finish, together with all aspects of conveyancing.

According to the Bulgarian Constitution, foreign individuals can buy buildings but not land. Therefore the most common method for foreigners buying property WITH LAND in Bulgaria is to set up a company which then owns the land and the buildings.

Depending on your choice of purchase - a property with or without land the process of acquiring a property in Bulagria goes through the following stages:

Buyer’s Guide Dear customers, we would like to thank you for choosing BG Real Estate to be your partner in buying a real estate property in Bulgaria. It will be our pleasure to guide you throughout the whole process. Once you’ve selected the properties of your interest then we will have to organize an inspection trip for you. You may need to stay at least several days in Bulgaria in order to complete your property viewings and decide on your type of purchase - a property with or without land and the area where you want to own a property. Then you have to start the deal of acquiring the property. The process of acquiring a property in Bulgaria takes between two to four weeks! Register a company - setting up a company is required by the Bulgarian law when foreigners wish to buy a property with land in Bulgaria.

BG Real Estate will register for you a company for the cost of 550 EURO

• when we register your company you must deposit a sum of 2500 EURO (5000lv) into your company bank account whilst the registration is being carried out. This money can then be withdrawn once the company is registered
• other bank expences such as opening a bank account and transfers - approx. 30 EURO

Finding the property and starting the deal:

• signing the preliminary contract and paying 10% of the purchase price
• translation of all official documents and contracts - 50 EURO

Closing up the deal:

• solicitor, checking all documents - 50 EURO
• tax evaluation price 2% - you have to take into consideration that "state evaluated price" and "purchase price" may differ which respectively may result in variations in the tax evaluation price. Usually properties are sold based on their state evaluated price which is considerably lower and which will cost you less property tax afterwards.
• enter the deal in the tax register 0.1%
• notary expenses - approx. 1%

Paying the rest of the property value!

• legalization of title-deed - 25 EURO

Congratulations! Finally, you have become an owner of bulgarian property!