Bulgaria Guide: Property
Finding your dream home or even just a nice place to live is tough anywhere. Buying property is usually one of the hardest purchases any of us have to make. Check out our guide for pointers on getting it right in Bulgaria. We provide information about price ranges of different types of property in Bulgaria, the real estate market, paperwork, how to deal with estate agents plus info on renting out your home.-
Buying a home in Bulgaria Is it for you?
Before going through with your plans of buying property in Bulgaria there are some things you need to consider and questions you need to ask yourself. more » -
Why Bulgaria? Advantages & Disadvantages
As in any country, there are advantages and disadvantages to buying a home in Bulgaria, although the benefits for most people outweigh any drawbacks. more » -
Research For a successful purchase in Bulgaria
Before making any irrevocable decisions about buying a home in Bulgaria, you should do as much research as possible, study the possible pitfalls and be prepared to rent for a while before buying. more » -
Buying for investment Essential advice
Bulgaria is growing in popularity as a holiday destination and many people believe that property values, which are as yet low compared with those in other western European countries, will rise as rapidly as they have done in Spain over the past two or three decades. more » -
Cost of Property What you can expect to pay for a house in Bulgaria
Although Bulgaria’s currency is the lev, prices for most Bulgarian properties are quoted in euros, although in some areas popular with UK buyers prices are quoted in sterling. For a rough conversion of euros to sterling, multiply by 0.7; for US dollars, multiply by 1.25. more » -
Fees Extra costs and taxes when buying property in Bulgaria
In addition to the purchase price, you will need to allow for the various costs associated with buying a house in Bulgaria. Property prices may be quoted inclusive or exclusive of agency fees, so make sure you know in advance whether agency fees are included in the price quoted and, if not, who will pay them. more » -
Estate agents All you need to know to deal with estate agents
While some foreigners have had success buying in Bulgaria directly from a seller, the majority of sales are handled by estate agents. The property boom in Bulgaria means that there’s a huge choice of estate agents to choose from. more » -
Purchase procedure Buying a house in Bulgaria step by step
This article details the purchase procedure for buying a home in Bulgaria, which is slightly different from that in most Western countries. Although relatively straightforward, the procedure isn’t without potential problems and it’s therefore highly advisable to engage a lawyer who’s familiar with it before paying any money or signing a contract. more » -
Preliminary Contract Are you buying off plan or an existing property?
The first stage in buying a home in Bulgaria is the signing of a preliminary contract. Your lawyer is responsible for ensuring that this is drawn up correctly and you shouldn’t rely on an estate agent to do so. more » -
Conveyancing Paperwork necessary for buying a porperty in Bulgaria
Conveyancing (the legal term is conveyance, but conveyancing is more commonly used) is the processing of paperwork involved in buying and selling property and transferring the deeds of ownership. In Bulgaria, all legal procedures must be completed before a notary public. more » -
Completion The final step
Once the preliminary contract has been signed and the deposit paid, the property is ‘sold subject to contract’, as in the UK. It should be removed from the market by the seller and the preliminary contract verified by a notary public. more » -
Letting Regulations & Prospects in Bulgaria
If you’re planning to buy a holiday home in Bulgaria you might also be interested in owning a property that will provide you with an income to cover the running costs and help with mortgage payments. The most common method of earning money from a property is to let all or part of it. more » -
Letting your property Do it yourself
Some owners prefer to let a property to family, friends and colleagues, which allows them more control (and with luck the property will be better looked after). In fact, the best way to secure a high volume of lets is usually to do it yourself. more »