Legal support property deals

Our solicitor in Bulgaria acting and working on many property cases for transfer of properties in Bulgaria.

Couple of our last deals in Bansko, Pamporovo and Sofia, show us the real question of clients, concerning the legal support property deals .

Our law office in Sofia, Bulgaria provide a wide range of professional advices related to property buyers in Bulgaria. Legal support purchase of property

We represent our customers legally before seller and notaries in Bulgaria.

Our legal advices are focused also to foreign investors, property developers and companies for property management and construction of real estates in Bulgaria. 

The foreign clients usually need a specific information for transfer of property in Bulgaia.

That is the reason,why we provide a legal support of foreign investors

Some clients are asking us for legal advices in real estate sector. 

The property lawyers  in the office work on diferent legal procedures, drafting and apealing reliminary contracts and conclusion of Notary deeds

The legal support before oreign investors include also a legal procedures- submission of offers on behalf of clients before private enforcement agents for purchasing specific real estates and industrial properties.

Legal support and registration of documents before the Municipality of the region of purchased real estate,  before the local authorities, as well as in the local Cadastre Agency.

Preparation & legal support for purchase agreement of land property

The legal representation before the Notary public include drafting and preparation of document for transfer real estate.

Our solcitors will help you with preparation of all legal proceedings & drafting of preliminary contract. 

Full representation of a seller or buyer during the signing of a title deed

Legal aid for all procedures of declaring the property at the local municipality. Full representation during legal proceedings for revoke of title deeds.

If you would like to buy a property in Bulgaria ?

We offer our clients, complete legal analysis of the selected real estate, including the following services we :

– prepare a project and coordinate amendments on the text of a preliminary contract for

sale and purchase of real estate;

– examine the history of the property,

– perform a full check on whether the property is free of encumbrances;

– obtain previous property documents and other relevant papers;

– perform a check on the seller – their representative power, availability of information about court cases against the seller, marital status and other relevant information;

– prepare and put amendments on the draft of title deed,

– assist our clients before the notary public and accompany the client on the day of the transaction;

– assist our clients in obtaining possession of the property, including the preparation of an acceptance and delivery certificate, if such is needed and agreed;

 – coordinate the communication with the lending bank, if the client is going to use a loan for the purchase,

– monitor the issuance of a letter of engagement, assist in establishing legal/contractual mortgage;

– we cooperate, if the sale price will be paid through a trust account contract/escrow account;

Can a foreigner buy property in Bulgaria?

Yes, of course. Every foreigner could buy a real estates in Republic of Bulgaria. There are some legal restrictions for purchase of agricultural land depending on the origin of the buyers, which country they are comming from.
Basically all foreigners in Bulgaria could buy any property types if they settled a legal company in Bulgaria. We provide a legal support for citizen of European Union, outside of European Union and nn resident of EU countrties for removing the legal restriction of pruchase of property in Bulgaria by set up of companies in Bulgaria.

Why are properties so cheap in Bulgaria?

One of the legal resons for cheap properties and real estates in Bulgaria is the income situation and the financial market in the country. The property market is quite and relatively stable low prices, which is perfect for a new purchase of foreign investors in Bulgaria. Every foreigner should keep in mind that the average salary in Bulgaria, at the end of 2019 were about 650 euro.

How much is property tax in Bulgaria?

The property transaction taxes are usually about 3.6-4 % from the value of the property, written in the Notary title deed. If the price is law, the property transaction will be also very law. The annual tax fees in Bulgaria are also very law – usually  0.15% of the tax evaluation ( the value of the property as estimated by the tax evaluation) of the property. Simple example for the tax fees of rural property and about 100 Eur per year for apartments in small cities in Bulgaria.