Buying a Property in Bulgaria - Part 1 - The Basics 

What if I pay cash for the property. Can I pay the estate agent straight? Who do I pay?

This is excellent! Thanks for the information!

Thanks for this...we were due to go to look at property before lockdown..now we must wait till 21..

There is no license for real estate agents. Most of them even in major companies have no idea of basic things regarding the immobile property. For example they can tell you that you can build an extra room on the roof of your apartment without the permission of the neighbours, which is a complete lie.

Very useful to avoid being victim of a scam!

Great info!

Her name is Lyubov. That’s awesome. You don’t usually often meet a woman who has that name. It’s beautiful. It means love.

Non EU residents are still entitled to form Ltd`s should they desire to purchase a house / villa, or vineyards for example. The purchasing contract is quite similar to UK, and rest of European legislation. As a matter of fact, licensing for brokers is quite uncommon in most ot European countries, and solicitors are not mandatory, so all the transaction can be done through the notary, which is a must and has power only within the area of the court where it is registered. Most of the work is done through local brokers, so a reliable one is a must. The market is very liberal, so there are many unprofessional people, and there were many complains from UK citizens. Still, there are lot of good bargains, even "steals", i mean - you can buy a gem, for a fraction of the price of anywhere else in EU, i mean the capital, the seaside riviera of Varna or Bourgas, or especially in the mountains. just find the right advisor to check all the paperwork for you and enjoy the beauties & lifestyle of Bulgaria.

do you have any specific lawyer to recommend to oversee a MODEST apartment purchase in Varna Bulgaria?

If you are considering a move to Bulgaria today consider this video is quite old. Bulgaria is now a part of the European Union and permanent residency is not so convenient much less citizenship. Some 20 years ago I bought a home there and purchased citizenship. I seem to recall the citizenship process cost around $1200. Today you must deposit $500k for 5 years which in 5 years is returned not including interest. Still not a bad option providing you have $500k you can afford to set aside that long. To be considered for permanent residency you must reside in country 5 years with no infractions and I'm not certain the processing cost. It is a beautiful country with mainly warm friendly people and the cost of living very comfortably being a bit below $1000 per month. You can live much cheaper than a $1000 per month but it would depend on your personal comfort requirements. Most Bulgarians only earn $300 to $500 per month and support families. All that said think carefully first but you can enjoy life there.

I would bear in mind the Proximity to Turkey and the Political climate at the moment.....just ask Greece

I have professional friend in Bulgaria. How/should she invest in property and home in these changing times?

mij friend in bulgaria he bought a piece of land.20 years ago.he build a villa with all correct papers.payed all the taxes.but 5 years came a rusian multi millionire he goes to the mayer of the city of varna.and want to buy the same pieco of land to build a hotel with 400 rooms.so mij bulgarins friend his villa .dont exist anymore on paper all the documents where vanished att the mayors office.and they say it was a illegal building.he wash very happy that he has a morgits at the ing bank of bulgaria.so they say it is our property. so thay can not demollis it.that cold corruption.

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