Nice Places in Bulgaria. Bulgaria Guide.

Bulgaria Property Buying Guide
How to go about buying property in Bulgaria the safe and right way!

As the Bulgarian constitution slowly changes to come more in line with the EU norm in matters such as the foreign right to own real estate, so this requirement will change. As the buyer you usually pay half this fee but check up front. By ensuring you only make the next stage payment when a certain stage of construction has been reached, you remain in control of your funds.With a company established and a lawyer on side you can begin hunting for that perfect home. Do not agree to sign a contract with an under-declared value on it. Firstly it is illegal and secondly it will leave you open to a far greater capital gains tax bill when you come to sell.Estate agents in Bulgaria charge anywhere between 3 and 10% with an average figure of 6% the norm. Get a lawyer on hand to help you before you sign or agree to anything! If you have not yet done so, now is the time to have a survey done and now is the time when your lawyer will conduct his searches. It is often the case that the agent or vendor will ask you to under-declare the sales price on the contract – this may be because the agent has inflated the price, more likely it is to reduce the vendor’s capital gains tax liability. Other than a Bulgarian company, the one thing you have to have when buying property in Bulgaria is a good and reputable, experienced and English speaking lawyer. Other than these fees you will need to pay land tax and a notary and this will come to about 2% of the property purchase price, VAT may be levied at up to 20% and local property taxes come in at 2%. Prior to EU entry the risk takers bought in, they were aware that prices will rise once EU entry was secured and how right they were. They push for payment to be made in this way so that they can drag the build out as long as possible and get your funds regardless. This is a very straightforward process and any lawyer, developer or estate agent can assist. This is because you have to ensure title searches are conducted thoroughly and that the person selling you a property has the right to do so. When completion date is reached you sign a final contract and transfer all monies. When you are happy with your choice of property you can put in an offer for it. When you have a property in mind you can pay for a survey to be done on it and when buying a home in need of renovation it makes sense to do so. You can also ask a local builder to quote you on work needing doing and advise you about your need to apply for planning permission to have work completed. You will pay your lawyer a fixed fee of around GBP 1,000 but again, ask up front.