Buy a property in Bulgaria

Embarking on the journey to own a piece of real estate in Bulgaria can be an exciting prospect, but it comes with its own set of intricacies to buy a property in Bulgaria.

To ensure a smooth and secure property acquisition process, it is crucial to be well-informed about the necessary legal documents and considerations.

One of the pivotal documents in this process is the Land Registry Extract, providing a wealth of information on the land’s use, regulations, and structure.

Start the legal work, we need some essential legal documents required for property acquisition in Bulgaria include:

the Architectural Plan (for off-plan properties): Confirm approval by the local municipality and check the developer’s insurance for build defects.

We are supporting the clients for drafting the Preliminary Contract:

While not obligatory, it is typically signed before the public deed. Ensure understanding and translation if needed.Buy a property in Bulgaria

On the stage of transfer the ownerships rights for Title Deed

we verify the property’s accurate description in the deeds.

The process of acquiring property in Bulgaria commences with the selection of a suitable real estate option.

Typically, foreign investors express interest in properties located in major cities

We talks for property in the capital and other significant economic centers like Plovdiv, Varna and Burgas.

For those eyeing a property in Sofia or Burgas, our team of Bulgarian lawyers stands ready to assist throughout the purchase journey.

Starting the procedures for buying a property: 

It is advisable to plan ahead and allocate time for property viewings before finalizing the purchase.

Seeking legal assistance is crucial, and engaging a Bulgarian translator can be immensely beneficial.

Our knowledgeable Bulgarian lawyers can furnish you with detailed information regarding property prices in various cities

We advise the clients and guide you through a comprehensive due diligence process to verify the property’s authenticity before committing to the purchase.

Subsequent to the deposit, a preliminary sale agreement is to be signed with the property owner.

This agreement encompasses all essential purchase conditions, offering a preview of what will be reflected in the final contract.

Key details to be included in the property purchase agreement cover aspects such as property description, price, payment methods, and other pertinent information.

Our legal experts are well-equipped to facilitate this process, ensuring a smooth and secure property acquisition experience in Bulgaria.

Legal work for Off-Plan Developments:

– Planning Permission/Visa for Design: Allows the developer to create architectural and construction plans.
– Construction Permit: Authorizes the construction process based on approved plans.
– Opening of Construction Site and Determining of Construction Line and Level.
– Certificate for Completion and Approval of Rough Construction (Act 14).
– Certificate Confirming Compliance with Statutory Rules (Act 15).
– Use Permit (Act 16): Essential for the completion of the off-plan development.

It is not recommended to purchase off-plan developments without a construction permit.

Transactions typically involve a preliminary contract and a public deed signed before a Bulgarian Notary.

Payments for off-plan properties are advised to be made in installments, tied to construction stages and statutory certification.

While this information is provided for guidance, it is not exhaustive.

Prospective buyers are urged to seek independent legal and financial advice throughout the purchasing process.

Additionally, the quality and accuracy of information from external web addresses are not guaranteed, and caution is advised.

What initiates the property purchase process in Bulgaria?

A: The process starts by selecting a suitable property in Bulgaria, with foreign investors often targeting major cities like Sofia and Burgas for real estate acquisitions.

How can lawyers in Bulgaria assist in property acquisition?

A: Our legal experts in Bulgaria offer assistance throughout the property purchase journey, aiding in transactions for properties in Sofia, Burgas, and other significant economic hubs.

Is it necessary to view the property before finalizing the purchase?

Yes, of course - It is advisable 100 % to plan ahead and allocate time for property viewings to ensure informed decision-making with property lawyer in the country.

What role does legal assistance play in the property purchase process?

A: Legal guidance is crucial for a secure transaction. Our lawyers can provide assistance, ensuring compliance with Bulgarian property laws and regulations.

How can a Bulgarian translator be beneficial in the property purchase process?

Hiring a Bulgarian translator can aid in effective communication, minimizing potential language barriers during negotiations and documentation.

Can your lawyers provide information on property prices in different Bulgarian cities?

Our legal team in Sofia, Bulgaria can furnish you with detailed information about property prices in various cities across Bulgaria.

Why is due diligence verification essential before purchasing a property?

Due diligence is crucial to verify the authenticity of the property and assess potential legal issues or encumbrances before committing to the purchase.

What does the preliminary sale agreement entail, and why is it important?

The preliminary sale agreement, signed after the deposit, outlines key purchase conditions and serves as a preview of the final agreement. It includes details such as property description, price, payment methods, and other pertinent information.

Real estates lawyer Bulgaria

Our professional property lawyers team and assist the customer through the whole purchase or sale procedure from real estates lawyer Bulgaria.

Our Bulgarian lawyers, even they are real estate company’s lawyers guarantee and makes you sure that the transaction is legal,

The seller or the buyer understand each legal action

He works with purchasers, buyers and sellers of apartments, houses, plots of land, agricultural land, mortgages, bank loans, loan applications, tenants.

We advise always to use a property lawyer services because the past two years a lot of problems occurred with the real estates properties in Bulgaria.

Before it was believed that the real estate agent was enough to assist you.

+LEGAL CHECK OF DOCUMENTSReal estates lawyer Bulgaria

If you are a seller in a real estate transaction, our law firm can offer full legal services, including the following:

– we prepare a project and coordinate amendments to the text of a preliminary contract for sale and purchase of real estate;

– we inspect, advise and assist you in obtaining the necessary documents for the sale, including, but not limited to:

  • a certificate of tax assessment of the property;
  • certificate of marital status;
  • certificate of marital regime;
  • certificate of presence/absence of material encumbrances;
  • previous property acts;
  • cadastral scheme of the property by the GCCA, and others;
  • Filing a corrective declaration under Article 14 of the LTFA;

– we perform a check on the buyer – their representative power, availability of information about court cases against them, and other relevant information;

– we prepare and make amendments (if needed) to the draft title deed, assist our clients before the notary public and accompany the client on the day of the transaction;

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

– we coordinate the communication with the lending bank, if the buyer is going to use a loan for the purchase, we monitor the issuance of a letter of engagement;

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

In addition, although we are not financial advisers, we can provide you with guidance on the approximate real market price of the property, which you can receive from eventual sale.

We can represent you as a client in property issue throughout the whole process

If necessary, we can sign the new notarial deed on your behalf as seller and deliver possession of the property to your buyer.

We also offer legal assistance in solving problems related to the Cadaster and Property Register Act, problems with property boundaries, unresolved regulatory bills, precise registration of apartments, houses and plots in the schemes issued by GCCA, as well as with the preparation and supply of all the necessary documentation.

Should you have any questions or need information on the above legal services, please

Real estates lawyer Bulgaria

But the Bulgarian property lawyer is the attorney who will be useful in practically all cases, including any legal stops in Bulgaria, contract negotiations and mortgages.

Some of the purchase contracts are standardized, others have ambiguous terms

In that case you need a property lawyer who is profound into the Bulgarian property legislation.

Our legal services include legal activities in following activities like: 

  1. Legal representation during sale and purchase of real property;
  2. Provision of any documents required for the purposes of legally confirming property status;
  3. Obtaining a certificate for entries, recordations or deletions;
  4. Performing checks within the archive records at the Registry Agency
  5. Legal check for the choosen property – a legal entity and clarifying circumstances that are vital for the transfer of the real property,
  6. lawsuits against the seller, which may affect the property.
  7. Drafting, preparation, signing, termination, and rescission of contracts for purchase and sale of real estate.

Preparation of notary notices for cancellation of preliminary contract for the sale of real estate.

Full legal assistance and representation in court during court cases for a refund of paid deposit as per a signed preliminary contract.Real estates lawyer Bulgaria

Legal representation by real property lawyer during legal proceedings under Article 19 of Contracts and Obligations Act for the announcement of a preliminary contract as final.

Full representation of a seller or a buyer during the signing of a title deed and the related procedure of declaring the property at the local municipality.

Legal representation during court proceedings for property aqusition.

Valuation of real estate properties by a competent licensed appraiser and obtaining the relevant valuation within a period of up to few days.

Our work for investor clients is at the heart of our real estate lawyers group.

We are committed to all aspects of the real estate law and we are able to service all requirements of our real estate investor clients. Real estates lawyer Bulgaria

Our experience includes not only the preparation of straightforward sales, purchases and leases but also the preparation of most complex deals

Legal advice on the structuring and financing of such deals.

Our real estate lawyers work in close cooperation with our tax law experts in order to provide you with a working solution that is to meet all your requirements and to cover all aspects of your deal.Real estates lawyer Bulgaria

In particular, our work in this area includes:

  • Preparation of due diligence reports related to prospective purchases or leases of real estates;
  • Preparation of sale agreements;
  • Preparation of short or long term lease agreements;
  • Advice on the organization of the design and construction processes;
  • Preparation of construction agreements;
  • Preparation of design agreements;
  • Review and preparation of agreements with supervision companies;
  • Organization and preparation of deals that require an escrow payment;
  • Provision of tax advice on all aspects of the real estate deals.
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