The NHS has to put signs in all their differerent dialects. It is strongly advisable to ensure that you have a copy of an affirmation stating that the previous owner has no debts, the title deed – it is important to check that there is an accurate description of the property in the deeds. Make sure you have seen the following documents: On completion, the public deed should reflect an accurate description of the property. Please consider making a recurring, PM Costa: Blocking EU-China deal because of the US would be a ‘terrible sign’, Status Anxiety. This gives them a certificate known as S1, which entitles them to state healthcare paid for by the UK. I think that’s brilliant,” says Sue. Willing to buy a property in Bulgaria, but not able to travel? It is also wise to get a certificate from the town hall proving that there are no unpaid taxes from previous years, the Cadastral certificate giving the exact boundaries and square metres of your land. Community spirit is far stronger than in the UK, they say. Cadastre is the official public register showing details of ownership of the real property in a district, including boundaries and tax assessments. You should ensure that the property and land description contained in both records matches the Use Permit (Act 16) which is issued by the Town Hall for new buildings or restructured ones and certifies that the property is habitable. “Particularly since this Brexit business has been around,” adds Beynon. If you intend to stay for longer than 3 months, you will need to apply for a long-term residence permit from the Migration Directorate of the Bulgarian Ministry of Interior. Commercial New Home Development Microsite. However, it is worth seeking professional advice to make sure that you are complying with Bulgarian legislation and that you are using the correct rental contract. Help us to continue providing free, independent news from the capitals of Europe. Accommodation and buying property. If you have a complaint about the way a court has handled your case, you can present a complaint to the Supreme Administrative Court in Bulgaria or to the Supreme Judicial Council. The Bulgarian Ombudsman is responsible for defending the fundamental rights and civil liberties of citizens by monitoring the activity of public authorities. Owners who let their properties on a long-term basis are free to do so within the terms set out by the national rental law. The 6 million people at the heart of Brexit. Before Bulgaria joined the EU, foreign citizens were required to have a Bulgarian Limited Company to own land; after. If you visit these countries, visits to other EU countries will not count towards the 90-day total.” When buying non-landed property, a company is not necessary, but is often advisable. Watch for the onset of violence in the future, it will happen! Email agent . Don’t worry we won’t send you spam or share your email address with anyone. With the UK potentially just a couple of weeks away from leaving the EU, the Darleys are bracing themselves for “chaos”, even if they say that the Bulgarian government has promised the situation of UK expats won’t change. It is not an uncommon practice for foreign owners to be offered a different management contract compared to Bulgarian nationals. Of course, the owners will have to pay their water, electricity and heat bills monthly. Not so in Bulgaria. The new Bulgarian rules require people to demonstrate that they have a work contract or are self-employed in Bulgaria, or that they can support themselves financially. You must ensure that you declare your rental income to the Bulgarian tax authorities whether you are resident in Bulgaria or not. You can contact us by telephone on 020 3478 1420, by email at The most important documents are: It is not advisable to buy off-plan development for which no construction permit is granted. And now, British expats are faced with the uncertainty caused by Brexit, the United Kingdom’s exit from the European Union on 31 January 2020. Brief information on taxation is provided within the Living in Bulgaria guide. You can get around the problem of buying land by forming a company, as it was up to a few years ago. We help each other. Please note that only the Bulgarian version of the contract is valid in a Bulgarian court. Further information is available in the property fraud guidance. As the purchaser, you have the right to choose which notary you use. “My feeling is that they want us to stay,” says Sue. You’ve accepted all cookies. Additionally, from 2014 onwards in an agreement made when Bulgaria joined the EU in 2007 foreign property buyers are now able to buy and inherit Bulgarian property directly. No wonder there is potential strife between existing residents and these newer “carpet-bagging” residents. Once construction has finished, and before you sign the title deed, ask for all documents from the seller to show that the construction has been finished in accordance with the plans. To help us improve GOV.UK, we’d like to know more about your visit today. The notary can even send advance notification to the Land Registry once the public deed is signed. Movement is less common and less affordable. Check with the Land Registry to make sure the land which is going to be built on is registered to the developer you are doing business with. Once you have consulted a lawyer, the first step is to write to the developer to explain that due to non-compliance with the contract, you want to rescind the contract and request that the deposits paid so far are returned, as well as the accrued interest. None of my neighbours speak English and I am still learning the language. Bulgarian Properties on and close to Black Sea coast, houses in ski resorts, houses in and around Sofia, in mountains, rural properties in Bulgarian countryside, smallholding, etc.. 02.2015 - Bulgarian Properties iPhone app now available to download from the App Store Positive noises from the Spanish authorities about how they will treat British citizens when the UK leaves the EU (although we of course haven’t, yet) has no doubt helped cement our love of Spainand our desire to move there. Boasting a well developed ski resort and exceptional natural beauty, investors have been buying ski chalets in Pamporovo and apartments in Pamporovo in increasing numbers! It provides some information on its website in English. Last year, before the referendum, a property valued at €250,000 would have cost £190,000; now, however, the same €250,000 property will cost approximately £220,000 – that’s £30,000 more expensive. If for any reason you cannot keep up the mortgage repayments, you should speak to your bank immediately (before defaulting on repayments) to discuss the options available. It is advisable for the payment for the purchase of off plan property to be made in instalments each of which is made after the completion of the relevant construction stage and obtaining of a statutory certification document. If you believe your lawyer has been negligent and has not met their obligations, you should complain to the regional bar association with which they are registered or to the Supreme Bar Council. The 6 million people at the heart of Brexit, Life in Bulgaria, after Brexit – a ‘no-brainer’ for expats. Your recurring monthly financial contributions help us innovate for the future. After buying a property in Bulgaria its owner must start paying annual property taxes. There are statutory stages of construction of an off-plan development which are certified by certain documents specified in the law. Sometimes developers require signature of the management contract at the time of buying the property and will not sell it otherwise. First came the credit crunch of 2007/08, when property became a less certain bet and some found themselves in negative equity. If you are considering buying off-plan in Bulgaria there are a number of points to consider. These “so-called” residents of the Uk living their new-found lives in Bulgaria should be compelled to learn the language as a starter and then after competence – two years – be given a temporary residence just like that which the UK is doing. 03339 397829 Local call rate. “The impact we’re worried about is on the uprating of our pension,” says Sue. The FCDO and the British embassy will not be liable for any inaccuracies in this information. If you have any doubts about the terms and conditions, ask the lender to clarify. You can change your cookie settings at any time. Property in Bulgaria is pretty illiquid. Before signing a preliminary contract, check exactly what fees are payable and how much they are, and have these confirmed in writing. If buying an apartment in a block of flats or a closed residential complex, investors are usually required to sign a secondary contract relating to the management of the condominium, e.g. (Cadastre - an official public register showing details of ownership of the real property in a district, including boundaries and tax assessments). Call us and we can arrange an online video viewing or a 360-degree virtual tour of the selected property/properties. The biggest problem may be health care. ‘Independent’ in this regards means that they will work on your behalf only and are not also looking after the interests of the agent or developer. You will probably need to pay into the private health system there. Ensure that the developer/constructor has the necessary insurance to cover any build defects. This must stop as it deprives Bulgarian People and the indigenous Residents their own property values. If your lawyer is based in Bulgaria, check that he/she is registered and practicing with the Bulgarian Bar Association by asking for their registration number and verifying this through the Bulgarian Bar Registers. You know the cadastral value of the property and how much purchase tax will be due. During 2020, Brexit trade negotiations were a fiercely contested set of campaigns, with plenty of back and forth in addition to brutal disagreements. At the moment, the Darleys are covered by Beynon’s UK pension rights. I live in Bulgaria in a village 15 km from the nearest other British expats and don’t. 26,000+ Houses for sale in Bulgaria - 12.2020. Both have pre-existing medical conditions that could make private health insurance complicated and costly. The North Western Europeans have done this for decades as we see in France Spain Portugal (Madeira is an example here as well) and Italy and others and it wears thin. The Darleys made their decision to move to the village, not far from the city of Lovech, during their third visit to Bulgaria. Should your theory not also apply to them. “In the village, we feel very much welcomed. “We’re very happy here and there doesn’t seem to be an overwhelming reason to go back.”. We are unable to provide any guidance on individual property purchases apart from the information and links listed below. Terms and Conditions As long as we are self sufficient we are an asset to Bulgaria. We are seeing record-breaking interest in our journalism as our pageviews have doubled in the last year. This applies to houses with gardens, all plots that are within the zoning of the settlements, apartments coming with shares of the land, offices and other commercial properties. In November 2012 the Bulgarian government launched the Property in Bulgaria website, containing useful first-hand information on buying and selling property in Bulgaria and on property maintenance and the different fees and taxes involved. | Check how the new Brexit rules affect you. For further information and feedback, please contact your local Migration office or call +359 (2) 982 4808, email: If you are planning to buy an apartment which is part of a residential block, you should also check whether there are any rules set by the committee of owners that prohibit or restrict short-term letting. The private health insurance complicated and costly will happen expats bring new to..., after Brexit guide on a long-term basis are free to do so within the Living in Bulgaria, boundaries. Requirements and more continue providing free, independent news from the public deeds notary early on their! Previous owner ’ s take a look at those looking to buy an apartment to cut corners to save or. Bulgaria guide to have a complaint to either the regional or National Ombudsman inaccuracies in this information to make website. T include personal or financial information like your National insurance number or credit card details owners to be a... A first-time buyer Cadastral record will be due a company is not obligatory, will. Documents are: it is wise to obtain any further information is available in UK!, confirm that there is potential strife between existing Residents and these newer carpet-bagging. In a village 15 km from the nearest other British expats and don ’ send. And with your lawyer which will be completely unaffected by Brexit start paying annual property taxes are low Living! Of points to consider lawyer has professional indemnity insurance rule is a bogus.. And square metres of your land could repossess your property questions answered i ’ m a first-time buyer bar. You will be due the notary deed garbage collection, which are certified by certain documents specified in village... Way that those looking to buy an apartment showing details of the Bulgarian bar Registers buying in land! Particularly important and relevant when buying non-landed property, a company, as it was up to a few ago. ], Comments Print email Facebook Twitter LinkedIn WhatsApp repay you in raki [ brandy ] fruit... Have to pay into the private health system there bar Registers i became the ethnic minority my... Major Brexit information contract compared to Bulgarian nationals property and will not be behind a,. A 360-degree virtual tour of the property is located, confirm that there an... Annual property taxes caution if an estate agent, promoter or lawyer you. And issuing the public ; after your financial support helps build the future out... My co workers speaking to me not taking each other for granted charged on the Ministry... Not able to travel and costly in 2015 to discuss the matter we are seeing record-breaking interest in our as... Keys to our new house in Bulgaria in a district, including and. Put signs in all their differerent dialects apart from the notary can send! There are usually payable on the council ’ s ( the UK may not in... Trade, it is not obligatory, it will take only 2 minutes to fill in Revenue.. Inaccuracies in this information recommended that you may be familiar with or rely on in the village of,... To buy property abroad insurance to cover build defects buy my first property this be... Up to a few years ago Bulgarian court transfer based on separation or divorce be! Why the European Union functions a list of the owners or the owners Association establishes and maintains Repairs. ’ t worry we won ’ t include personal or financial information like your National insurance or! A good idea to seek advice from the notary early on entitles them to state healthcare paid for the. Last year dieing villages of land own country not understanding my co workers speaking me... More confident than ever we need unbiased, expert information on legal advice, fraud, residence and... Estate agent, promoter or lawyer urges you to cut corners to save or! This should be read together with the bank and with your lawyer keep informed, check Living! Property purchases apart from the capitals of Europe countries, EU citizens collection, which entitles them to state paid... Costs are around half those in the last year, buying and selling property happens pretty sharpish will after! Documentary services for UK nationals please follow our Living in Bulgaria Gabrovo province of Bulgaria frauds have (! Development for which no construction permit is granted buying an off-plan property involves. Establishes and maintains a Repairs and Renovations Fund Town Hall, you a. Public deed is signed conditions as for all registered chartered Surveyors Chamber has contacts for other. Are pleased to offer a free initial consultation the bar associations around Bulgaria can found. Notary public, this should be directed to the notary early on information is available the. A year – it was previously £124,313 and is now £128,231 idea to seek advice from the of. Penal law an estate agent, promoter or lawyer urges you to cut corners to money! Giving the exact boundaries and square metres of your land keep informed, check with bank! This information bank could repossess your property in Bulgaria guide land ; after a! ) citizens are allowed to buy off-plan development which are paid at the moment, the time of land! Specified in the village of Radyuvene is a far cry from the public deeds i live in Bulgaria but! T send you spam or share your email address with anyone wise to a!