Information about Condominium management added. Your recurring monthly financial contributions help us innovate for the future. Property in Pamporovo Property in Pamporovo is some of the loveliest in Bulgaria and Pamporovo is one of the most attractive Bulgarian property markets. Pool View 2 … 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 If you are considering buying a property in Spain and you are concerned about Brexit, you may find our article on Buying Property in Spain after Brexit interesting. The Cadastral record will be linked to the Land Register record by a cadastral reference which will be included in both. Ensure that the developer/constructor has the necessary insurance to cover any build defects. Don’t include personal or financial information like your National Insurance number or credit card details. “We bring money into the economy even as pensioners.”. There are approximately 1.3 million UK citizens living in Europe many of which chose Bulgaria for their second home or just bought a holiday home in Bulgarian resorts on the Black Sea. Expenses for repairs, renovation, reconstruction and rehabilitation of the common areas, referred to in the respective decision of the General Meeting of owners are distributed among the owners of the individual units proportionately to the shares of the common parts of the building held by each individual owner. Please also see our guide on what support British consulates can provide to British nationals abroad. This gives them a certificate known as S1, which entitles them to state healthcare paid for by the UK. Further information is available in the property fraud guidance. There are a range of mortgages on offer and you should pay special attention to the interest rate and repayment period, fees for setting up the mortgage as well as early repayment and cancellation fees. We know our readers value our reporting, and the outpouring of support we have received since the beginning of the crisis shows that our readers are willing to step up for the journalism that they trust and value. 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. Rent in Bulgaria on average is 74.06% lower than in the UK. paying costs associated with the communal management of the apartment block and maintaining the property. This will include other information such as whether the plot has any building restrictions, is in a green zone, includes a public footpath or if there are any current plans to build a motorway or other infrastructure builds etc. [Georgi Gotev], Comments Print Email Facebook Twitter LinkedIn WhatsApp. “They are guaranteeing our pension upgrading for three years but after that we don’t know if it will be frozen.”, There is also uncertainty about how and whether their healthcare status will be affected. If you’re wanting to look for a house, buy a house in Bulgaria or renovate a house in Bulgaria, we’ve written loads of posts to help you out. While a slower market could theoretically allow buyers to negotiate a better deal, fewer listings can mean greater competition for the highest quality and most sought-after homes. Therefore, after Brexit implementation period, a property transfer based on separation or divorce could be more expensive for British people. We have amended the information on buying land following the lifting of restrictions on buying Bulgarian land by EU nationals as of January 2014. 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. The Bulgarian Ombudsman is responsible for defending the fundamental rights and civil liberties of citizens by monitoring the activity of public authorities. simply a requirement for owning land for non EU citizens. Complaints should be in writing and in Bulgarian. Under the Bulgarian Condominium Act all expenses for the management and maintenance of the common parts under the condominium ownership arrangement should be equally shared by owners, users and residents. At present, there is an alternative option when buying landed property - to form a Bulgarian registered company, with the buyer as sole owner and director (the buyer could choose to add other directors, e.g., his spouse). The good news is that property buyers will be completely unaffected by Brexit. Property markets are hyper-local, so while national data is useful as a snapshot, you should focus your research on the area you’re looking to buy a home. Moving to Bulgaria was “a no brainer because we can live out here rather than just exist”, she adds, “when you’ve lived next to the M25 (under the flight path for London’s Heathrow airport), this is bliss”. Watch for the onset of violence in the future, it will happen! We help each other. With many of our readers starting to panic that the Brexit door will soon be closing, read our checklist to buying a property abroad and becoming legally resident before 29 March 2019 So far, the Darleys have followed the recommendations of the UK and Bulgarian governments: updating their Bulgarian ID cards – known as lichna karta –  obtaining ten-year residency permits and Bulgarian driving licenses. We use cookies to collect information about how you use GOV.UK. Historically, if you are buying property in Bulgaria you will find that property title is relatively sound. Here our neighbours all talk to us. If you have a complaint about any public authority, you can submit a complaint to either the regional or national ombudsman. Already Lord Byron & friends owned homes across Europe. Make sure you have seen the following documents: On completion, the public deed should reflect an accurate description of the property. Buying off-plan property inevitably involves higher risk than buying re-sale property. No wonder there is potential strife between existing residents and these newer “carpet-bagging” residents. With the UK having left the European Union, some new rules will apply to British people moving to France and other EU countries. The safeguards that you may be familiar with or rely on in the UK may not exist in Bulgaria. If you believe you have been a victim of fraud and you have neither a bank guarantee nor an insurance policy from the developer, you should seek independent legal advice regarding taking criminal legal action through the courts and register a statement with the police. 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. We are seeing record-breaking interest in our journalism as our pageviews have doubled in the last year. When buying non-landed property, a company is not necessary, but is often advisable. Will Brexit make it easier or harder to buy my first property? Help us to continue providing free, independent news from the capitals of Europe. In practice, a usual transaction for buying off plan development has two stages: the signing of preliminary contract; and the signing of public deed before a Bulgarian Notary (Notary deed). But while they are critical of the UK’s Settled Status scheme which has been offered to EU nationals in Britain, there has been no ‘hostile environment’ for them here. Mix with them. This article is part of our special report Status Anxiety. 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. Despite the uncertainty facing them, the Darleys have no plans to return to the UK, where they say Brexit has “divided families”. Brexit has brought a cloud of uncertainty for Britons hoping to buy in Europe in 2021, but demand for holiday homes is still rocketing in the wake of coronavirus. You will need this document to connect to electricity and water companies. The transfer of the property is made under the notary deed. After Brexit, it is unclear whether that will continue. You’ve accepted all cookies. EURACTIV MEDIA NETWORK BV. The Bulgarian tax authority is the National Revenue Agency. 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. But it is home to Beynon and Sue Darley, who swapped Guildford, a town 40 km south of London,  for a rambling cottage in rural central Bulgaria. 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! This section is aimed at providing information to UK citizens and their family members who are residing in Bulgaria or will arrive in Bulgaria during the transition period, provided for in the Withdrawal Agreement (until 31.12.2020) on the terms and conditions for entry and residence in the Republic of Bulgaria after Brexit. A short face to face video about how Brexit will most likely affect buying property in Bulgaria and how it might affect obtaining residency. It is advisable that you register the property in your name with the Land Registry as soon as possible to ensure full protection of your rights. If you visit these countries, visits to other EU countries will not count towards the 90-day total.” Brief information on taxation is provided within the Living in Bulgaria guide. 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. Brexit: your property questions answered I’m a first-time buyer. British nationals who have resided legally in Bulgaria for a period of five years on the basis of holding a consecutive long-term residence permit are entitled to a permanent residence permit. You must ensure that you declare your rental income to the Bulgarian tax authorities whether you are resident in Bulgaria or not. Privacy Policy The existing rules, agreements, and arrangements between Bulgaria and the UK will change after Brexit. If you want to let your property to tourists on a short-term basis, you must ensure that you are doing so in accordance with Bulgarian law. Advice for British people buying property in Bulgaria, including information on legal advice, fraud, residence requirements and more. This information is provided as a general guide and is based upon information provided to the embassy by the relevant local authorities and may be subject to change at any time with little or no notice. Since 1 January 2012 all EU and EEA (European Economic Area) citizens are allowed to buy land in Bulgaria. A full list of registered notaries public in Bulgaria can be found here. Terms and Conditions INFORMATION ABOUT BREXIT. The UK government states: “Different rules will apply to Bulgaria, Croatia, Cyprus and Romania. If you are considering buying off-plan in Bulgaria there are a number of points to consider. “We are able to live out here in Bulgaria on a standard pension – you couldn’t even have a basic standard of living in the UK with that,” says Sue. Community spirit is far stronger than in the UK, they say. Marketed by IBG Real Estates, Ruse. Expat forums and talking to local residents including other British nationals who have already made the move can really give you a feel for an area and give you the inside track on any local problems. Even those who will be affected – principally those planning to retire, work or study in France – have until the end of 31 December 2020 to become resident abroad a… 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. It is strongly recommended that you choose an independent lawyer who is specialised in Bulgarian property law. And we thank you for your support. I became the ethnic minority in my own country not understanding my co workers speaking to me. 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. Brexit this requirement is expected to be reapplied to UK citizens. Check that they are registered with the Law Society in the UK and specialise in International Transactions. Following me renobsting my house the community ate now making improvement to their own properties. If you do not have a good understanding of Bulgarian, make sure that you get all contracts and relevant documentation translated by an independent translator. Should you feel you are the victim or at risk of fraud, you should report this by registering a complaint with the Bulgarian police or Regional Prosecutor’s Office. “In the event of a complete no-deal breakdown, we will have to re-register but will keep the rights we have acquired,” says Beynon. Beynon and Sue Darley, in their home in the village of Radyuvene, near the city of Lovech. 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. I think that’s brilliant,” says Sue. Prime Minister Boyko Borissov has welcomed British migrants and, in April, the National Assembly adopted legislation that will treat UK citizens the same as those from the EU, even in a no-deal Brexit scenario. We are unable to provide any guidance on individual property purchases apart from the information and links listed below. It is only if you are moving permanently that new rules will apply. The most important documents are: It is not advisable to buy off-plan development for which no construction permit is granted. If you have any doubts about the terms and conditions, ask the lender to clarify. We use this information to make the website work as well as possible and improve government services. Sofia, 12 September 2016 One of the most popular enquiries after Brexit is how expats and people who own property in Bulgaria will be affected. The 6 million people at the heart of Brexit. Make sure you obtain a copy of the Cadastral certificate giving the exact boundaries and square metres of your land. This rural real estate is situated in a small and quiet village included in Makresh municipality, Vidin district. The Town Hall can inform you whether the building has all licences and permissions and provide details of the type of land. You may want to consider hiring a Bulgarian letting agent to assist with finding tenants, drawing up rental contracts and managing the property on your behalf. Please consider making a recurring, PM Costa: Blocking EU-China deal because of the US would be a ‘terrible sign’, Status Anxiety. planning permission/Visa for design (виза за проектиране) – it entitles the developer to prepare architectural design and construction plans for the development in accordance with certain statutory parameters for height of the building, density of the construction, layout of the building, etc, construction permit (разрешение за строеж) – it entitles the developer to start construction process as per the approved architectural, construction and other technical plans for the property, opening of construction site and determining of construction line and level (Protocol for commencing of construction), certificate for completion and approval of rough construction (Act 14), certificate acknowledging the compliance of the construction with the statutory rules (Act 15), rescind the contract and have the deposits returned plus interest, or extend the deadline, allowing the developer to complete the property. 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. You should pay extra care and ask your legal adviser to check the property management contract carefully as sometimes there may be exorbitant costs attached to it. We are seeing record-breaking interest in our journalism as our pageviews have doubled in the last year. It provides some information on its website in English. Movement is less common and less affordable. This “so-called” self-sufficiency rule is a bogus one. 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. I guess that was also nasty and evil, depriving the “indigenous Residents of their own property values”? At the same time, readers support in the form of, recurring monthly financial contributions. “I don’t like what it’s (the UK) become,” says Sue. This guide sets out essential information for British nationals considering buying property in Bulgaria, including obtaining legal advice, how to submit any complaints and more. All content is available under the Open Government Licence v3.0, except where otherwise stated, Foreign, Commonwealth & Development Office, support British consulates can provide to British nationals abroad, List of English-speaking lawyers in Bulgaria, Bulgarian Ministry for Foreign Affairs website, Coronavirus (COVID-19): guidance and support, Transparency and freedom of information releases, the property and land for sale match the details registered and the sellers are the registered owner(s), there are no debts or charges, such as a mortgage, on the property and/or there are no legal proceedings initiated against the property for contravention of land planning law, you have checked that planning permissions (виза за проектиране) are in order and the property is a legal build. 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