BUYER'S GUIDE

BULGARIA – “The Sleeping Beauty of the Balkans" - The New York Times

A small country of ancient culture, Mediterranean climate and remarkable landscapes, Bulgaria is a new destination for foreign property buyers - waiting to be discovered and offering great opportunities. Relatively unexplored, the country is increasingly becoming a preferred destination for buying a holiday house, retirement home villa, apartment, farm, special interest property or commercial investment. The unique combination of strategic geographical positioning, climate and natural beauty on one side, and the specific pre-EU economical situation on the other creates a unique once in a lifetime opportunity for profitable investment. With hundreds of mineral springs, health spas, historical places and famous tourist attractions the country is a resort paradise. The country is yet largely undiscovered and offers a unique combination of beautiful sandy beaches and large mountainous regions perfect for climbing, hiking and skiing. Buying a property in Bulgaria would be of a great value and would offer a great quality of life; it could be the ideal choice for your dream property abroad. Buying property in Bulgaria as a foreign citizen can be rather challenging. Our team of experienced specialists with extensive knowledge of the Bulgarian property market and expertise in Bulgarian property law will make sure you receive detailed information for every step of the property purchasing process and you will receive personalized attention. Our job is to help you find you ideal property in Bulgaria and secure your title deed on it. We will assist you in finding and securing your ideal holiday home, retirement home, commercial property or simply an investment property in Bulgaria. We will advise you on your legal options, banking and tax issues that you will need to be aware of and will complete all the legal work necessary to secure the purchase agreement and the title deeds on your behalf. The Process: • You find a property from our website • You can register for a viewing trip to see the property or to see a few properties and get an idea of the atmosphere in Bulgaria. • You decide on a property and start with initial checks • When you are happy with the property sign an Agency agreement and pay deposit for the property plus administrative expenses and half of our agency fee. • Sign a preliminary contract for buying a property (equivalent of Sold subject to contract in UK) after you are satisfied with the condition of the property. • Sign the final contract – the purchase agreement before a certified Bulgarian notary. Important notice: All foreign buyers purchasing real estate property must be aware that in Bulgaria there are such terms as "tax estimation price" and "purchase price". The "tax estimation price" is for the purposes of real estate taxation and is much lower than the actual selling (purchase) price. Most of the Bulgarian propety owners (vendors) wish that the "tax estimation price" is written in the title deed, and not the selling (asking) price which the buyers are paying, so due to this practice there might be discrepancies between the price you are paying and the price written in the title deed. This is because of various reasons and we can not be responisble for it. If the respected property buyer wishes that the purchasing price is written in the property title deed they must notify us in advance and we will negotiate on this with the vendor of the property. Once you have purchased your home we can organize property management. We shall organize somebody to take care of your property or to let the property for you so that you can earn extra income from it. If you decide to rent a property that you have bought from us, we will advertize it for 1 year free! Buying a house or a flat is a big step in your life. But this can be easier with a suitable mortgage loan with convenient terms and rates. Here is a buyer's guide which can help you know the ways to get an affordable mortgage loan. You can avail the option to discuss with the mortgage experts absolutely free of cost and get required suggestions.