How to Buy Bulgarian Property
1. Search Bulgarian real estate websites and once you find a property or properties you like contact the agent or seller. You will find contact details on individual property listing pages on Yambol Properties.
2. Many agents and private sellers now offer a full video audit of their properties and once you narrow down your choice you can arrange a visit.
If you aren’t already in Bulgaria and need to travel you may find Wizz Air to be one of the best priced airlines to consider that offer flights to Bourgas city for your visit. Booking.com is a great site for booking hotels near Bourgas airport.
Your agent will arrange to accompany you on viewings to your chosen properties. Please be aware there may be extra costs involved in accompanied viewings so only arrange to visit the properties that you are genuinely interested in. Alternatively, you can arrange for power of attorney so the agent or advocat can handle all matters for you if you are not yet able to physically be in Bulgaria.
Agents advertising properties for sale in Bulgaria nearly always have an English member of staff. The agent accompanying you on property visits will answer all your questions and help you with all the necessary legal paperwork to proceed on buying your new home and how to buy Bulgarian property.
4. Once you have chosen to purchase your property a deposit is payable and the property will be marked reserved and will no longer be available for sale.
5. On paying the deposit a preliminary agreement between the buyer and seller is signed. This settles basic conditions such as description, price, conditions and terms of payment. And for off-plan properties – the term for finishing the property. This will later be copied to the Notary Deed.
6. The next step is to draw up the Notary Deed, which is the same as Title Deed in the UK. It is considered the legal document certifying the ownership of the property. This is drawn up in the presence of the buyer and seller by the local notary.
7. The notary public certifies the deed and registers it with the Registry Agency and is noted in the Notary Deed.
Should your new property require renovations or repairs locate your village through our discover section where you may find details of tradesmen and contractors who are able to assist.
If you are a contractor, builder or tradesman in Bulgaria you can advertise your business and services on our website.
Annual Tax & Regular Bills
In Bulgaria annual property taxes are payable by the property buyer. There are usually two property taxes to be paid: property tax and rubbish collection, which are paid at the local municipality. Property owners will also be responsible for paying their water, electricity and heating bills monthly.
Renting Your Property Out
Foreign property owners can also rent out their Bulgarian properties with rental returns usually amounting to 2-5% per annum.
If you have a property for sale or want to rent it out you can advertise for free on our website.