I most certainly will forward this article to him. is anything other than an apartment) and you are not an EU or EEA citizen, you will have to form a limited company to begin your purchase. 7 Biggest Challenges Of Doing Business In Bulgaria, How To Get Work Permit For A Non-EU Citizen. Since 2012 all EU persons are allowed to buy land and property in Bulgaria (without registering a business). Buying a cheap house in Bulgaria is an excellent investment. Bulgaria- one of the most preferable destinations to buy holiday residential property. Bulgaria joined the EU in 2007 and as a result there has been a significant demand from investors wanting to buy property in Bulgaria. The Lev is aligned to the Euro at 1.96 Lev to the Euro. A house New Estate tried to sell seven years ago had a colossal 24 inheritors for the 15,000e property. This applies to houses with gardens, all plots that are within the zoning of settlements, apartments coming with land, offices and other commercial properties. See houses, villas and apartments from the leading agents in Bulgaria on a map. Bulgaria saw property price increases of 35% in 2004 but average yields on rental properties are still 8% to 12% with most investors (80%) buying in the Black Sea coastal resorts and 15% in ski areas. Citizens of EU states may own property and land in Bulgaria at the same terms and conditions as Bulgarians. 8 posts Sabinechapeaux. Alhtough we have made all efforts to provide accurate information, there may be some mistakes. Easy Guide to Buying a Property in Bulgaria . Primorsko. 7. There are few reasons. Primorsko. 25, para. Most common ownership documents: You may have a look at our article How to Buy Property in Bulgaria in 2020, the Safe Way. Luxury house for sale in bulgarian mountain village, near South Black Sea. 264, para. Buying off-plan property inevitably involves higher risk than buying re-sale property. Under Bulgarian law the transfer of property rights, as well as the establishment of limited rights in rem in respect of real estate is done by way of a formal agreement (generally referred to as a “Notary Deed”), executed by the parties and a duly qualified Notary Public authorized to act within the region of location of the property. It usually takes a few weeks to complete the procedures needed to register a property. A former Soviet bloc state, for many years Bulgaria suffered from chronic under-investment and a very poor infrastructure.. That has all changed in recent years – Bulgaria’s admission to NATO in 2004 and to the EU in 2007 have served to kick-start the country’s economy and consequently its property market too. 26,000+ Houses for sale in Bulgaria - 12.2020. Other documents depending on the specifics of the deal. A Place in the Sun has properties for everyone. Bulgarian houses not far from the beach are always good value for money. necessary Introduction. I am continually searching online for new ideas that can facilitate me. £52,102 (€58,000) 1 1 65 sq. Registry Agency at the Ministry of Justice of the Republic of Bulgaria, All You Need To Know About Medical Insurance for Foreigners in Bulgaria. Foreign citizens may buy an apartment in Bulgaria, but they may not buy a house with land, or land, unless they have established a company in Bulgaria. Once you have completed your search and you have selected few properties the next step is to contact the owner of the property. At Best Bulgarian Properties you can find a wide choice of cheap … At Concept Bulgaria Property we have many years of experience in overseas property investment. The village is situated in South-Western Bulgaria … Another feature of Sunny Beach is the abundance of different real estate offers, both in price categories and in the quality and type of housing. 4. 14. Please note, buying a property does not entitle non-EU residents you to any kind of permanent visa. 1. Identity document, other documents individualizing the buyer and the seller (identity cards, certificates of good standing, if the party under the transaction is a legal entity – a decision of the competent authority). When buying the real estate in Bulgaria you can immediately obtain a residence permit. Sunny Beach is one of the largest and most developed of those in the Bulgarian property market; with an active market for villas in Sunny Beach and apartments in Sunny Beach as hundreds of thousands of tourists and investors are attracted to its turquoise waters and clear blue skies. Browse our list of 722 cheap houses for sale & rent in Bulgaria to find your perfect property. house buying in bulgaria. In this video I am going to give you some insights into the buying process. Most of the apartments for sale in Bulgaria are sold without parts of the land. 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