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Questions about properties in Bulgaria Questions and answers about bulgarian property market. Information how to buy or sell property in Bulgaria. Low and taxes information. Facts, tips and tricks, trends.
Pages with Questions - PROPERTIES IN BULGARIA: [1][2][3][4][5][6][7][8][9]
10. What is the legal treatment of foreign investors in Bulgaria?11. Who and how can one obtain property rights over real estate in Bulgaria?12. What are the living costs in Bulgaria? How much one pays for house insurance, gas, electricity, local and national taxes, to hire a gardener or a builder, to drive a car?13. Where I can find map of Bulgaria?14. How much should we expect to pay for an acre of land in Bulgaria?15. I want to buy property in ski resort? Where I can find such offers?16. If our property is only going to be occupied for about two months of the year, do we really need to get good security for the rest of the time?17. Because Foreign nationals arent able to own land in Bulgaria directly, which are the preferred types of business organizations with foreign investment?18. If I buy a house, does this mean that I own the land too?19. Do I have to register a company if I want to buy an apartment?
Pages with Questions - PROPERTIES IN BULGARIA: [1][2][3][4][5][6][7][8][9]
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Q10: What is the legal treatment of foreign investors in Bulgaria?
A10: -Equal rights for Bulgarian and foreign investors
-Priority of those international agreements that guarantee more favorable conditions for carrying out business activities by foreign legal entities
-Unlimited foreign participation in all types of business activity registered in Bulgaria.
go topQ11: Who and how can one obtain property rights over real estate in Bulgaria?
A11: Foreign nationals and foreign legal entities may acquire ownership title over buildings and limited ownership rights over property in the Republic of Bulgaria.
go top Q12: What are the living costs in Bulgaria? How much one pays for house insurance, gas, electricity, local and national taxes, to hire a gardener or a builder, to drive a car?
A12: It's not possible to compare living costs in Bulgaria and Western Europe. Living costs in Bulgaria are extremely low! For example the food is generally twice cheaper than UK. House insurance: around 100-200 . EURO per year depending on the type of house, together with the belongings and furniture inside. For a property of price 30,000 . EURO insurance against theft, flood and fire costs about 125 . EURO per year with a decent insurance company like Allianz. Gas: the gas system network is not developed in Bulgaria yet. People here mostly use electricity to cook. For heating: there are central heating systems in the big cities: monthly costs for a 2-bedroom apartment around 120 . EURO. In the small places people use charcoal and wood, which is even cheaper way to heat a house. For electricity, when used for cooking, light or hot water one pays about 30 . EURO monthly. Local and national taxes for owning a property: depending on the place where the property is located, the most expensive area is the capital Sofia, where the annual taxes of 2 bedroom apartment are around 150 . EURO per year, but the rest of the country is around 80 . EURO per year.
To employ a gardener or maintenance man or builder you will not pay much. The average salary in Bulgaria is 200 . EURO per month.
go top Q13: Where I can find map of Bulgaria?
A13: We have great online collections of maps of Bulgaria and Bulgarian bigest cities and regions (follow more info link).
more info >> http://VisitToBulgaria.com/visit/Dir.asp?d=0-11-Maps_Collection
go top Q14: How much should we expect to pay for an acre of land in Bulgaria?
A14: It is strongly depend of location of land. The land close to Black Sea, in biggest cities or biggest ski resorts are most expensive than in countryside.
more info >> http://VisitToBulgaria.com/properties/Dir.asp?t=land
go top Q15: I want to buy property in ski resort? Where I can find such offers?
A15: A lot of ski property offers for properties in mountains and ski resorts you can find at our *** Bulgarian Properties *** real estate portal.
more info >> http://VisitToBulgaria.com/properties/Dir.asp?r=property_in_mountain
go top Q16: If our property is only going to be occupied for about two months of the year, do we really need to get good security for the rest of the time?
A16: Yes! It is best when you have special alarm system and private property protection which costs € 13-25 per month. There are few very professional companies in Bulgaria providing such service.
go top Q17: Because Foreign nationals arent able to own land in Bulgaria directly, which are the preferred types of business organizations with foreign investment?
A17: The most common form of organization for foreign investors is a limited liability company. Other types are general partnership, limited partnership, joint stock company, sole proprietorship, joint venture, branch, holding, cooperatives, representative office. Limited liability companies, unlimited partnerships, public limited companies, limited partnerships, holdings and cooperatives are legal entities. Branches and representations are not independent legal entities: branches may engage in economic activities, they have their own property and compile a separate balance sheet; representations may not engage in economic activities.
go top Q18: If I buy a house, does this mean that I own the land too?
A18: YES, if you become the owner of a property after having registered a company, this means that you are the legal owner of its plot of land too. Subsequently, you are entitled to do whatever you wish with this property, including selling it, renting it out, etc.
go top Q19: Do I have to register a company if I want to buy an apartment?
A19: No. Foreign individuals can buy the buildings, but not the land. Company is needed when you want to buy the freehold.
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