Offplan Bulgarian Properties

S E L L I N G

IMPORTANT INFORMATION, YOU SHOULD KNOW BUYING PROPERTIES IN BULGARIA

The whole property purchase procedure takes approximately one month - from the reservation deposit to the obtaining of the Notary Deed.

Bulgaria is a politically stable country with a developing economy, a member of NATO and is scheduled to join the European Union in 2007. In the recent years, the whole Bulgarian legislation has been changed and improved accordingly to that of the other European countries. This process is not finished yet and the parliament pays special attention to the laws that make our country attractive for the foreign investors. Bulgaria has one of the most liberal foreign investment laws in the region, providing preferential conditions and guarantees for the foreign investors. Presently, our country offers excellent business opportunities and investment growth potential.

The prices of real estate in Bulgaria are much lower in comparison with other European countries. But this will soon drastically change when our country will be accepted in the European Union in 2007. Although the real estate market is developing very fast, still there are unexplored and unutilized areas, which make it attractive and profitable.

Usually the old owners of the real estate move out in term of one month after the finalization of the sale deal. This issue could be negotiated if the buyers require a shorter term. For this purpose, they should ask the assistance of Property in Bulgarian, but without expecting the property to be empty right after signing the final contact.

In Bulgaria , there are such terms as "tax estimation price" and "purchase price". The "tax estimation price" is for the purposes of real estate taxation and is much lower than the actual selling (market) price. Most of the Bulgarian property owners (vendors) prefer in the title deed to be written the "tax estimation price", not the selling price that the buyer has paid. So because of this practice there might be discrepancies between the price You pay and the price written in the title deed. Property in Bulgaria is not responsible for that! But if property buyer insists on writing the purchasing price in the property title deed, he should inform us in advance in order to negotiate on this with the vendor of the property.

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