Frequently Asked Questions Abut Bulgarian Property

Bulgaria is in Eastern Europe. It is about half the size of England and elongated. The Danube flows along the upper part of the country from west to east. This is also the border with Romania. The right side of the country bordering the beautiful Black Sea in the south are borders with Greece and Turkey. To the west are borders with Macedonia and the former Republic of Yugoslavia. The landscape ranges from impressive mountains with established national parks and ski resorts, to lat plains, dense forests, meandering rivers and lakes.

What currency is used?

We use the Bulgarian Lev. The exchange rate is about 2.8 Lev to 1 pound. The Bulgarian Lev is pegged to the euro as Bulgaria entered a currency board in 1997.

Can our credit cards and debit cards when we come from?

In larger cities you can use your cards, but larger, still only in stores. All the hotels accept the cards, and all major gas stations, but in general most other transactions are made in cash.

What is ATM?

They are in all cities, and accept most of the cards in the UK.

Are there supermarkets in Bulgaria?

Yes, all the big supermarkets town, about the same as Britain. There are also the chains? Convenience? similar to SPAR stores everywhere. Small towns and villages all have well stocked local shops for all the essentials.

Frequently Asked Questions

Anything else?

Bulgaria has large warehouse stores "do it yourself here (similar to B & Q), large electrical warehouse stores, selling everything from vacuum cleaner bags for large, American style refrigerators.? Cash and Carry? Stores are also known here.

Can our UK appliances here?

Yes, the 220 volts of Bulgaria, so no problem. We use continental style 2 connectors, so bring an adapter. And the phone?

It? S is not worth bringing over a UK stationary phone for new property, since it does not work in Bulgaria. Mobile work, or with a Bulgarian SIM card or the UK if it is suitable. What is the time we?

Unlike Britain, Bulgaria has four distinct seasons, with temperatures of -10 ˚ C in winter to 35 ˚ C in summer.

There is much to see and do there?

In any case, with the Black Sea coast, ski resorts in the mountains, unspoilt villages and historic towns, ancient tombs and ruins, lakes and reservoirs, should be something for everyone.

Can I use my golf clubs?

Yes, Bulgaria has some courses, but there is something in a young industry golf. Courses are increasingly being developed all the time though.

What is the cost of living there?

Compared with prices in the UK is extremely cheap. A piece of bread is about 20 pence a liter of broth for about 55 pence, a packet of cigarettes about 70 pence. A liter of gasoline is about 60 pence.

Frequently Asked Questions

We need a visa?

Currently, British citizens can stay in Bulgaria for 90 days to 6 months. Most of all it is necessary to apply for a type? D? Visa at the Bulgarian embassy in London. For more information, please look here: www.bulgarianembassy.org.uk

We in Bulgaria?

Of course! As long as you have the appropriate documentation and an insurance policy for Bulgaria, it is necessary shouldn? T is a problem. There are a number of? Tried and tested? Lines here, probably could not travel in 3 or 4 days if you are taking easy.

Which animals?

Yes, until your pet is the best? Pet passport '. For more information, please look at our legal section.

Buying property in Bulgaria

As we begin our real estate search?

Take a look at the articles on our site and decide which properties, if you want, send an e-mail with any questions you have about the properties of the e-mail address at the bottom of the page with the offer. For points of view, it is necessary to organize a trip to Bulgaria and let us know. It will then make the necessary appointments. It is also possible to us other questions you may have, we are here for you!

How does the pricing system work?

The price we show each of our advertisers do not show the full price. As a rough guide, you should be 60% on the prices you see on the website. This includes legal fees, notary fees, taxes, etc. Government and our committee. You should also add, the price of 600 euros, when a company is set up is required. This pricing system does not apply to apartments in Sofia, and? New build? Apartments in town. You need your system. If you buy a second property or have already established a business, you can deduct € 600 from the price. There is also an optional post-sales package for 590 €.

As we can see the properties that interest us?

If you tell us in advance when you reach Bulgaria is, we can arrange your schedule also considered (a tight fit-up!). When you use our transport for the display. We can also organize your accommodation and meet you at the airport.

What we need to bring with us our first visit?

Of course, you will need a passport, but also some Euros if you want to place a deposit immediately. It is possible (up to 4000 euro for Bulgaria to sign without it.) You are advised to bring a pair of sturdy shoes, if you click Properties in the country, as one might be less accessible than others.

What deposit?

The amount of the deposit (10% of the price and at least 1,000 euros) and is not refundable. This will ensure that the property has been removed from sale and the owner does not sell to anyone else.

Can I pay by credit card or traveler? Controls?

Travelers checks are redeemable only in large cities, and they charge high fees for them. You can pay with your credit card or debit card for your property. Normal controls about 4 weeks to clear and are not suitable for payments, in particular for placing a deposit!

Is that it?

Quick, while during the first visit here, you must sign the documents for setting up a Bulgarian limited liability company. (This is a legal requirement for all foreign assets in Bulgaria.) This method is very easy to understand and our lawyers can help you with everything you do so.

We really want to have a society?

Only if the property is) with the ground (garden. The company owns the property and that the owners of the company. This applies to almost all our property, with the exception? To build new ones? Apartments. These may be purchased as an individual without a job.

What about this new law, foreigners, the buyer does not need to have a business?

This law has not come to power until 2014. Until then, you're still wrong on a business.

Frequently Asked Questions

And after?

Leaves a power of attorney (POA) with us and we are able to purchase a continuous process on your behalf after he had returned to Britain. Forthcoming visit to Bulgaria, will be the new owner of the property. So you need only once to select a property and leave the rest to us.

You can buy without having to Bulgaria?

Yes, it is possible, but it is not customary in Bulgaria, it will take more time to organize and a fee of 250 euros. In the meantime, you should put a deposit on the site, or face the threat of loss of property pending the results of the survey.

Will we get ownership documents for the property?

Yes, you made in your name, title, or if you buy through a company, the name of your company.

The government can take our property away from us?

There is no way the government can take your property from you. What is your property in Bulgaria is part of your business, you have the same rights of a person in Bulgaria.

I see you also offer land for sale?

Yes, this land with or without planning permission. If you want to build on land, you will need a permit for construction and for a building permit, if not the one to apply.

What are the best areas to invest?

That depends entirely on you and your budget. Obviously, the location on the Black Sea coast are very popular, are further inward, the ski resorts of Bansko, Borovets Pamporovo NAD. There are also a number of beautiful towns and villages throughout Bulgaria, with a growing popularity.

Frequently Asked Questions

What happens if we want, renovations were made on our property?

No problem, we recommend a full range of professional traders who work for the budget that you set them. You just need to tell them your needs and discuss the options with them.

How much does it cost to use the bathroom and toilet in the house?

Depends greatly on the location and cost of ownership. In general, prices have nearly doubled in the past two years, are still, but at a pace more consistent.

What happens if we let our property?

The market for rental properties in Bulgaria has just begun to develop. If you have an idea of rent is possible, you can visit these sites:

How much is council tax?

This varies depending on the location and size of your property. One thing is certain, there will be little compared to most of the British Council tax! As a rule, 0.015% tax assessment.

And our company tax return?

Each year you must submit your annual tax return, the same as in the United Kingdom. We counted on the fact that this task for you.

Taxes in Bulgaria

Capital Gains Tax

If a foreigner who sells his goods in the first 5 years, makes a profit will be at 15-th% of capital gains tax

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