How to buy a real estate property in Bulgaria?

1.     Property Search
Search on our site or simply email us with your requirements and criteria. If we do not already have anything you like, then we will go the extra mile and do a special search for you, according to your requests and needs.
We have an extensive database of properties on the Black Sea Coast which we update on a daily basis, trying to provide a wide selection of properties near the sea. Once again, if you do not find what you are looking for just ask.

2. Additional Information
Request additional information about the property, which you like. Generally we post all available information, but if you need to know anything not already there, just email us and we will do our best to come up with the information you need. 

3. Plan your viewing trip to Bulgaria.
We will fully assist you in organizing your trip to Bulgaria. No maps or pictures can replace seeing the house and the surrounding with your own eyes. We can meet you at the airport and take you to your hotel (upon request) and arrange a time to meet and talk and view the property. You will be offered to see similar options, if you are interested, which are not on the web site.

·        We can also arrange online viewings in real time via WhatsApp/Viber/Zoom or any other suitable application.

4. Property viewings
When you choose some of our properties you only have to get into contact with us – on the phone or by e-mail and we are going to organize your entire trip.

You can visit our company offices and we will show you our database with all the properties available at the moment in the region you are interested in. We highly recommend you spare at least 2 days for viewings. This way you can visit different regions in our country and will be able to view a wide range of properties and to make the best possible choice. Once you have chosen your dream property, you will need 1 /one/ weekday in order to sort out all necessary legal and paper-work. This includes, signing of contracts and agreements, consultancy with lawyers, starting of the company registration procedure(if necessary) and preparing of all documents connected with the procedure of the property purchasing. 

5. Reserving a property
If you are interested in any of the properties we offer and would like to reserve it, you can  do it by paying a securing deposit of 2000 EUR.  You can choose between a few options to do this:

5.1 Reserve by bank transfer – you can make the payment by bank transfer.  to our company bank account or to a solicitor trust account.. This would be enough to put the property off the market and to secure it for a period of 30-45 days. After that you will have to pay the balance to the property price and to sign the final contract with the owner of the real estate property.

5.2 Reserve by cash payment – you can pay directly to the owner a securing deposit which can be between 5-10 percents of the property price and sign a Preliminary contract at the moment of payment.

6. Setting up a Bulgarian Ltd. Company (if required).
According to the Bulgarian Constitution and legislation foreign persons and companies can invest in real estate in Bulgaria either personally or through a local legal entity. Generally speaking, foreigners as persons can acquire only buildings but not land. Only Bulgarian and EU citizens and legal persons (including such with foreign owner) can obtain the ownership of Bulgarian land.
Therefore, the most popular and preferred by non-residents ways to become the real estate owners are:
- As far as flats and limited ownership rights (the right of use, the right to build a house, etc.) don't include land, you can directly purchase them as a person.
- If you want to buy Bulgarian real estate with land, you must set up a company that will be the owner of the property. Setting up a company in Bulgaria is very easy. Preferably it's a limited liability company with only one proprietor. Bulgarian participation in the company is not required. You don't need to have permanent address or permission for permanent stay in the country. A mandatory condition is to present a bank receipt as evidence before the court. This bank receipt should be for amount of minimum of 2 BGN company capital, which could be drawn up 7 days after registration of the company.

You won't have any liabilities for registration and establishment of new working positions, etc. 
All other required documents are prepared by our company’s experienced solicitor.


8. Fees and Charges connected with buying and owning a real estate property in Bulgaria:
As a buyer of a real estate property you will have some additional costs connected with purchasing of the property:
8.1. State taxes and notary fees – they should be paid at the moment of signing of the Final contract (New Title deeds).
State taxes are set by the local municipality and may vary depending on the location of the property. Notary fees also vary depending on the price of the property. Usually they are between 5-6% of the property price.
8.2. Company registration fee (for foreign investors – non EU citizens, who are buying land (house with land only). The fee depends on the bank where the company bank account will be open. For more details, please contact us at info@kcproperties-bg.com.

8.3. Property (Council) Tax – Each property owner pays annual tax. The amount of the tax is determined by the Municipal Council by ordinance. The amount of the tax is in the range of 0.1 to 4.5 per thousand of the tax assessment of the real estate (Art. 22 of the Real Estate Tax Act).

8.4. Maintenance fee – if you own a property in a complex of closed type, you will have additional cost to pay which is called Maintenance fee. This fee covers the costs for security, keeping and cleaning the swimming-pools, gardens, common parts, parking, etc. In most cases the fee is paid by square meter and is calculated over the size of the property. For instance, if your property is 60 sq.m. and the maintenance fee is 10 EUR/sq.m., the annual fee is 600 EUR.  In this case, owners of smaller properties pay less. In some of the complexes the maintenance fee is a fixed amount. For instance, each owner pays 300 EUR per year, regardless of the size of their properties. The maintenance fee is paid to the company that manages the complex.

8.5. Renovation fund – in some complexes, the owners are charged with one additional fee, called Renovation fund. It covers the costs for repairs and renovations of the buildings (such as roofs, facades, common areas, etc.). Usually, this is a small fee, sort of 50 EUR per year per apartment or 1 EUR/sq.m. per apartment. The Renovation fund is also paid to the company that manages the complex.
9. Payments:
Please note, payments in Bulgaria could be arranged either as cash payments or as bank transfers. Credit card payments have limits for money withdraws. You may have obstacles if you try to withdraw from your card more than 3000 levs due to these limits.