FAQ abut Bulgarian Properties

Bulgaria is situated in Eastern Europe. E? S 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 borders the Black Sea beauty. In the south are borders with Greece and Turkey. In the west are borders with Macedonia and the former Republic of Yugoslavia. The landscape varies from towering mountains, established national parks and ski resorts, to lat plains, dense forests, meandering rivers and lakes.

What currency do you have?

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

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

In larger cities, you know your cards, but still growing only in stores. All hotels accept cards, and all major petrol stations, but in general most other transactions in cash.

What is ATM?

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

Are there supermarkets in Bulgaria?

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

FAQ

Anything else?

Bulgaria has large stores stock DIY here (similar to B & Q), large electrical warehouse stores, selling everything from vacuum cleaner bags, large, American style refrigerators.? Cash and Carry? Stores are also popular here.

We our UK appliances here?

Yes, Bulgaria uses 220-volt power supply, so there are no problems. We use continental style 2 pin plugs, so bring an adapter. And the phone?

E? S is not worth bringing on a landline Britain for the new property as it does not work in Bulgaria. Mobile working or with a Bulgarian SIM card or the card with the UK, if it suits. How is the weather there?

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

There is much to see and do there?

Absolutely, with the Black Sea coast, ski resorts in the mountains, traditional 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 still has something young golf industry. more and more courses are being developed, although all the time.

What is the cost of living there?

Compared to the price of the UK, which is extremely cheap. A loaf of bread is about 20 pence a liter of broth for about 55 pence for a packet of cigarettes about 70 pence. A liter of gasoline is about 60 pence.

FAQ

We need a visa?

At this time citizens of the United Kingdom may stay in Bulgaria for 90 days in a period of six months. Even more, and should cover only one type? D? Viewed from the Bulgarian embassy in London. For more information, can have a look here: www.bulgarianembassy.org.uk

We can travel to Bulgaria?

Sure! Until you have the appropriate documentation and an insurance policy for Bulgaria, should you? T have a problem. There are a number of? Tried and tested? Lines here, you probably could travel in 3 or 4 days if it were simple.

What brought the animals?

Yes, provided that the dog right? Pet passport?. For more information, please look at our legal section.

Buying in Bulgaria

As we begin our real estate search?

Take a look at all the services on our site and when deciding which properties you want, send us an email with all your questions about the characteristics of the e-mail address at the bottom with the offer they . To visit it is necessary to organize a trip to Bulgaria and let us know. We then take the necessary appointments. You can also ask any questions you have, we are here to help!

How does the pricing system work then?

The price for each of our advertising will not show the full price. As a rough guide, you should see 60% to the price on the site. Covers legal fees, notary fees, tax etc government and our committee. You should also € 600 on the price if a company is not required to establish. The price system does not apply to apartments in Sofia, and? to build new? Apartments in the village. Need your system. If you buy a second property or have a business set up, you can deduct the € 600 price. There is also an after sales package is optionally available for € 590.

As we can see the properties that interest us?

If they tell us in advance when you arrive in Bulgaria, we can fit your vision program (including a close one!). If you want to use our resources for the display. We can also make your accommodation and meet at the airport.

What we need to bring with us our first visit?

Of course you need the passport, but a few dollars if you want to place a deposit immediately. (Bring up to € 4,000, second in Bulgaria, without explaining it.) We suggest you bring some sturdy shoes if you consider the property in the country, as some perhaps less accessible than others.

What pays?

The deposit is 10% of the price (and at least € 1000) and is not refundable. This ensures that the property off the market and the owners not to sell to third parties.

You can pay by credit card or traveler's checks? S controls?

Traveller's checks are cashed only in big cities and they charge high fees for them. You can pay by credit card for your property. Regular checks of about four weeks to clear and are not suitable for payments, especially for placing a deposit!

Is that it?

Fast, during your first visit here should sign the documents to establish a Bulgarian company with limited liability. (This is a legal requirement for all foreign assets in Bulgaria.) This method is very simple and our lawyers can help with everything.

We really need to make a company?

Only if the property has land (garden). The company owns the property and you own the company. This applies to almost all our properties, with the exception? to build new ones? Apartments. These can be purchased as an individual without a job.

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

This law has not come due until 2014. Until then, you are sick to even to a company.

FAQ

And after?

process leaves a power of attorney (POA) with us and we can buy on your behalf after you have returned to Britain. The next time you visit Bulgaria, will be the new owner of the property. So, you need only once on a selected property and leave the rest to us.

It 'can not buy Bulgaria?

Yes, this is possible, but since it is not a common practice in Bulgaria, it will take more time to organize and is a supplement of 250 €. Meanwhile, you need a deposit on the property, or the risk of loss of property pending the results of the survey.

Will we get ownership documents for the property?

Yes, you will have title deeds in your name, or by buying a company, the name of your company.

Can the government 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 company, you have the same rights of a person in Bulgaria.

I also offer land for sale?

Yes, this land with or without planning permission. If you want to build on the property, you need to build more than a building permit for a building permit, unless such request.

What are the best areas to invest?

Depends on you and your budget. Obviously, the seaside resorts on the Black Sea coast is very popular, are more internal are the ski resorts of Bansko, Borovets Pamporovo nad. There are also a number of beautiful towns and villages throughout Bulgaria, which enjoys a growing popularity.

FAQ

And if we have completed renovations on our property?

No problem, we recommend a full range of professional craftsmen who set the budget that they will work. You just need to tell them to negotiate your needs and options with them.

How much to the bathroom and toilet inside the house?

This depends greatly on the location and price of the goods. In general, prices have nearly doubled in recent years, are still increasing, but more evenly.

What happens if we leave our property?

The market for rented property in Bulgaria has just started to develop. If you have an idea for the rent you receive, you can visit these sites:

How is council tax?

This depends on the location and size of the property. One thing is certain, is almost nothing compared to the majority of the Council of the United Kingdom tax! Normally, 0.015% of the assessment.

What about our company tax return?

Every year you have your annual tax return, the same as in the UK before. We have accountants who can do for you.

Taxes in Bulgaria

Capital gains tax

If a foreigner sells his property in the first 5 years makes you good is subject to 15% capital gains tax.

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