In this section we will try to provide answers to the most common questions asked by foreign buyers.
1. Why Bulgaria?
2. How do I get there?
3. What about accommodation and transport?
4. I’m here and I like it. How do I buy it?
5. What are the costs involved?
6. Can I rent it when I’m not here?
7. Who do I turn to if I want to resell?
1. Why Bulgaria?
During the recent years Bulgaria has become a very popular destination among foreign tourists and investors. Almost eight million people visit Bulgaria annually, attracted by the natural beauty and diversity of the landscape, the low costs of living and the stable economical conditions. These factors are contributing to the Bulgaria’s ever increasing popularity resulting in rising property prices most noticeable in the coastal areas. Seaside properties are in very high demand and prices are increasing on a monthly basis! Investments in the coastal region have the highest resale and rental value.
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2. How do I get there?
Bulgaria is very easy to reach. There are many air carrier companies that operate flights to the capital Sofia and the coastal towns of Varna and Burgas. The longest flight from a destination in Europe would take about three hours.
Traveling by bus is another option for those of you who would like to keep the costs down and see more of Europe on the way. However it is important to know that bus travel can take up to four days so it is not recommended for everyone.
After Bulgaria’s EU ascension, getting there has become even easier as visas are no longer required for citizens of the EU and Switzerland.
Buy Bulgarian Properties also provides pickups from Varna airport or the central bus station as part of our service at no additional charge.
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3. What about accommodation and transport?
As Bulgaria’s second largest city Varna is an important travel hub that provides connections to both international and domestic locations. Varna’s international Airport is among the busiest in the country.
The central bus and train stations provide easy access to all destinations in the country. If you feel like exploring the country on your own or just don’t like traveling by bus, Buy Bulgarian Properties can provide car rental services at very good rates. For more information please visit the Contacts section.
With its many sights, beautiful beaches and easy accessibility Varna is a very popular tourist destination during the hot summer months. The city has many hotels, hostels and apartments for rent to suit every taste and budget.
We at Buy Bulgarian Properties can offer accommodation in several good quality hotels in different locations in Varna at special prices for our clients. For more information please visit the Contacts section.
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4. I’m here and I like it. How do I buy it?
We will provide all the required information on request. You may also take the opportunity of paying us a visit in our Varna office, for an escorted viewing of the property.
According to the Bulgarian law foreign individuals and judicial parties are not allowed to buy land in Bulgaria. Therefore a local company needs to be registered under the ownership of the client. There are no obligations in respect of employing local personnel or actually running any kind of activities. BB Properties can take care of all relevant procedures free of charge on your behalf so you don't need to waste your time and dig into local laws and regulations. *Please note that there are government and local taxes relative to the registration of a limited company, which amount to EUR 600.
As soon as the property is fully paid you can receive and sign final Notary Act (contract of Purchase) in front of a Bulgarian notary if you are in Bulgaria or at Bulgarian Embassy. BB Properties can sign this act on your company behalf under power of attorney previously signed by you. The original act will be forward by courier to you.
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5. What are the costs involved?
The government and local taxes for setting up a limited liability company amount to EUR 600. Buy Bulgarian Properties will gladly assist you in preparing all necessary documentation and submitting it to the relevant authorities.
The additional costs involved in the purchase of a property are described in our Additional Costs Calculator. To download it, please click on the following link.
Please note: The Additional Costs Calculator is a Microsoft Excel™ file and requires Microsoft Office™ to be opened.
If you cannot open the file or have any other questions, please visit our Contacts section.
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6. Can I rent it when I’m not here?
A property with such a great location only minutes away from the beach can be very easily rented-out starting from early spring to late autumn. Many foreign tourists actually prefer the comfort and privacy of an apartment instead of a hotel room.
Buy Bulgarian properties can provide assistance for renting your property so please contact us if you are interested in renting.
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7. Who do I turn to if I want to resell?
We at Buy Bulgarian Properties treasure our clients and aim to provide the best possible service to them. Therefore we will be more than happy to help you resell your property whenever you decide to do so. As a repeat customer you will certainly be able to avail of a considerable discount. For more information about us and the services we offer, please visit www.BuyBulgarianProperties.com.
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For any questions not answered in this F.A.Q. please feel free to contact us through the Contacts section.