Buyer's Guide
 
When you buy with Bulgarian Bargain Property you can either come to view properties with us in Bulgaria or, in the case of off plan developments, you need not to.

Here is a guideline summary of what to expect

Total purchase costs should not exceed 5% (including lawyer’s fees) however this could end up being more (in percentage terms) for an older and cheaper property in Bulgaria. Under Bulgarian law a foreigner cannot own land. If you wish to buy land or a house with a plot then you can circumvent this law by opening a Bulgarian company. The land (and house) can be owned by this company and a foreigner can have outright ownership of the company. The cost for setting up a company is relatively low (under 400 Euros, 270 Pounds or 590 Us Dollars) and we can help you set it up. With new, off-plan developments it is not necessary to own part of the land or set up a company as buildings can be owned by foreigners.

We source the best and most efficient lawyers to help make your purchase as smooth and risk free as possible.
We advise to always use a lawyer when purchasing a re-sale property.
 
The purchase process is as follows:
• Find a Property
• Make an Offer
• If the property is a re-sale or land then a Bulgarian company must be formed to own the land, this costs less than 400 Euros.
• We check all documentation
• An initial private purchase contract is then signed (checked first by your lawyer) and an initial payment is due (usually 10% - 30%, depending upon whether a re-sale or off plan).
• Take property off market
• The Notary Act ( Title Deed) is then signed in front of a Bulgarian Notary. In the case of an off-plan development the Notary Act is signed once the building is complete.