The last few years, our Agency registers the increasing number of requests from the citizens of Poland to purchase real estate in Bulgaria. Many poles buy flats and houses for permanent residence and recreation other investment earnings on rent. To help Polish customers to navigate, we have prepared an article that discussed the main aspects of purchasing property in Bulgaria.
The advantages of buying property in Bulgaria
Attractive real estate prices. On the coastal resorts, apartments cost on average 300-700 euros per square meter. This is several times lower than in other Maritime States of Europe – Greece, Italy, Spain, Turkey.
In connection with the recent events in the market among sellers there are many Russians who because of the fall of the ruble to sell their property at very attractive prices.
Low tax burden and easy execution of the transaction.
Buying Bulgarian property the best from the investment point of view. The tax rate for rental income in Bulgaria is one of the lowest in the EU – 10%, and utility costs are 70% lower than in Poland. For registration of residential facility in the property to the buyer only needs a valid passport and an account in a Bulgarian Bank.
See hot deals in the catalog:
Tourist attraction.
In Bulgaria itself the many seaside resorts to suit all tastes: from the picturesque and secluded, to promoted with developed infrastructure. Besides the sea, Bulgaria's famous ski resorts, architectural and natural attractions, development of balneology.
Convenient location and transport accessibility.
From Bulgaria travel to Montenegro, Croatia, Greece, Turkey, Serbia.
Between Poland in Bulgaria there is a regular bus and air service, especially in the holiday season. Many are traveling the country by car.
What interests the citizens of Poland?
The most sought after apartments in apart-hotels with a wide range of tourist services: swimming pool, security, reception. The popularity of apartments is that they are better suited for comfortable and easier to rent.
Houses on the coast of Polish buyers interested in less common due to high prices and maintenance costs, a long distance from the sea.
More than 90% of purchase requests is a secondary holiday apartment with furniture and appliances. Properties from the Builder is less widespread.
The peculiarities of the Bulgarian market of holiday homes
Large selection of properties the sea.
The Bulgarian black sea coast includes about 25 resorts of Balchik in the North to the South to Sinemorets. For convenience, the seaside resorts can be divided into Northern (near Varna) and South (near Burgas).
N��which resorts are suitable only for stay during the tourist season. The infrastructure is larger and more developed – Sunny beach, St. Vlas, Nessebar and Ravda allows you to live in all year long.
Along the coastline, in addition to resorts, there are a number of villages, for example, Priseltsi and Bliznatsi. These settlements can be seen wishing to buy a cottage or rural house with plot of land a few kilometers from the beach.
The real estate prices.
In the resorts North of Varna region, property prices are 30% higher than in the South. This is due to the limited supply of housing due to the geographical features of the area (resorts built up and they have nowhere to expand).
In Southern Bulgaria more choice of facilities and more opportunities to purchase affordable real estate within 300 to 600 euros per square meter.
Features of the transaction.
According to statistics, 98% of transactions of purchase of the real estate market is through realtors. This is due to the fact that agencies have access to the full catalog of objects that offer remote execution, carefully check the objects on the absence of encumbrances.
The buyer pays the estate Agency for assistance in the selection of the object. Realtor Commission paid by the seller of a residential facility.
Maintenance fee in apartment complexes.
Every property owner in the Bulgarian hotels and resort complexes of the type makes the annual payment for the maintenance of the infrastructure of the building the maintenance fee. The payment amount is calculated based on the area of apartments ranging from 2 to 10 euros per square meter.
The size and terms of payment of the maintenance fees described in the contract with the Manager of the apartment complex. Find out more about the maintenance fee.
The process of buying real estate
The selection and reservation of the object.
After selecting multiple objects on the website is organized a study tour to Bulgaria. To reserve housing, the buyer pays a Deposit of 1000-2000 euros and concludes with the Agency reservation agreement. (selection and booking of the facility can be done remotely).
