Comments on: Still time to invest in Bulgarian off plan property

By: dominik

dominik — Mon, 24 Dec 2007 12:12:06 +0000

a good investment!!

By: Krasimir Dyakov

Krasimir Dyakov — Wed, 27 Jun 2007 12:35:24 +0000

Buying Property in Bulgaria
The Process
Buying property in Bulgaria is different to purchasing a property in the UK but can still be
safe, secure and pain free.
The Law
Bulgarian law currently stipulates that only Bulgarian entities (a person or a Bulgarian company) can purchase land.
Therefore if you want to buy land, or a villa with a garden, you must create a Bulgarian company. This is a simple
process and we can assist you in creating a company, if you so desire, it usually costs around £500.
However, there is no need to go to the expense of creating a company if you are purchasing an apartment. When you
buy an apartment, you buy a part of the building and as such there is no need to create a company. This part of the
building is freehold and there is no lease, the apartment is yours forever, or until you sell.
• Buying an ‘off plan’ apartment in Bulgaria is essentially the same as buying in the UK. There is an initial
contract signed by all parties, which is basically an obligation to build on behalf of the developer and an
obligation to buy on behalf of the client.
• This contract will set out timescales, prices and any penalties for late completion and will be produced by the
developers solicitors. It will have been checked by the agent and the client will also have the opportunity to
obtain their own legal advice before signing.
• The difference comes when the property is completed. In Bulgaria, there is a third party who basically acts
on behalf of the government. This person is called the ‘notary’. It is the notary’s responsibility to ensure that
the correct details are entered onto property deeds.
• In essence, the client (passport in hand) and a representative of the developer will sit down with the notary,
who will issue the deeds once they are sure everything is correct. The notary is often considered by clients
as a government official, ensuring that everything has been done as it should have been.
• This is not meant to be a full explanation of property law but simply a guide to the basic process.

By: Mark Kreanz

Mark Kreanz — Fri, 25 May 2007 09:37:44 +0000

it does worry me that the EU has revoked the jurisdiction of Bulgarian courts as they’re so corrupt. I like to invest in places where there is a basic rule of law.

By: bulgarian property

bulgarian property — Sat, 21 Apr 2007 11:19:10 +0000

If just more people could hear this…

By: The Bull Speaks! » Blog Archive » Carnival of the Vanities #199

The Bull Speaks! » Blog Archive » Carnival of the Vanities #199 — Wed, 12 Jul 2006 06:44:03 +0000

[...] The Bull has always been one to prefer getting Business out of the way right off, freeing as much time for Life’s other mysteries, problems, and enjoyments as is possible. On that front we’ve got advice on a myriad of business topics. First up is Nickel at FiveCentNickel.com who presents a Money Saving Tip: Live Next to Someone Who’s Moving. Hey, use every resource at hand! “Money saved is Money Earned”. That is called a Truism. Another inescapable Truism is that land (Real Estate) is Wealth. On that topic we’ve got a couple of entries. The first is from David A. Porter at Pacesetter Mortgage who answers the question: How much do I have to tell a mortgage broker about my stated income?. His answer is short and sweet – and a fact! The Bull worked as a Property Manager for over fifteen years. Same thing hold true in the Rental market. Samuel over at Nubricks Real Estate Investment Blog gives us Invest in Bulgarian Property good or bad idea?. Quite honestly, a subject above the limits of this Bull’s hay bale, but perhaps just the thing some of you are looking for as an investment. Something definitely worth a look-see. [...]

By: Carnival of the Capitalists - July 10, 2006 - Fat Pitch Financials

Carnival of the Capitalists - July 10, 2006 - Fat Pitch Financials — Mon, 10 Jul 2006 14:32:00 +0000

[...] Still time to invest in Bulgarian off plan property [...]

By: Carnival of Investing #30 | Experiments in Finance

Carnival of Investing #30 | Experiments in Finance — Mon, 10 Jul 2006 07:01:55 +0000

[...] Nubricks Property Blog highlights Bulgaria as a potential place to invest in property. [...]