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1. How to arrange a travel to view Bulgaria property?
2. What are the advantages of using UK agent for buying a property in Bulgaria?
3. How long are the flights to Bulgaria?
4. What is the time difference with UK?
5. Is Bulgaria economically and politically stable country?
6. Do UK citizens need a visa to travel to Bulgaria?
7. What is the national currency in Bulgaria?
8. Are credit and debit cards widely used?
9. Are there any restrictions on buying property in Bulgaria for a foreign national?
10. Is it better to buy off plan apartment in Bulgaria?
11. How long does buying a property in Bulgaria takes?
12. What are the procedures when buying a property in Bulgaria?
13. Are there any limitations on renting the properties and repatriating the rental income from Bulgaria property investment?
If you decided to proceed with buying a property in Bulgaria only after visiting the complexes and the area, you can get in touch with a major tour operator Balkan Holidays, who would assist with arranging a flight or a packaged holiday. They can be contacted on 0207 543 5551 (flights only) or 0307 543 5569 (tailor made holidays). The trip can also be arranged by First Choice, Thomas Cook, and JMC. Direct flights to Sunny Beach sea resort can be arrange only during the holiday season to Bourgas airport, which is 30 minutes drive from the resort.
Please let us know the date of your arrival, so we can make an appointment to view properties for sale in Bulgaria. We can also assist with the hotel reservation, if you booked the flights only.
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The main advantage of using UK agent when buying a property in Bulgaria is that in most cases you will not be charged a commission on top of the selling price (please ask your agent about that). It is a standard practice in Bulgaria to charge a seller and a buyer a commission. Also, Bulgaria estate agent will not know about mortgages for foreign nationals, currency exchange fluctuations, advertising your property in Bulgaria to rent to UK holiday makers. They are used to work within the local market and will not give you impartial advice. In some cases the prices on re-sale properties are going up by the day, when the sellers become aware that a foreigner is interested in the purchase. We therefore do not tend to touch re-sale property market in Bulgaria as it is full of legal pitfalls at this time.
Always look for the added value in terms of services that your UK agent for Bulgarian property offers.
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Regular direct flights (approximately 2.5 hours) from UK major airports (London, Birmingham, Manchester and East Midlands) are available. The costs of flights are going down all the time due to the increased demand in the past 2 years. A good travel agent will help you to select the best available flight to suit your time schedule.
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Bulgaria is 2 hours ahead of the UK time.
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Bulgaria is an economically stable democratic country. The rate of inflation is low. Local currency is the Lev - 0.50 Euro and is pegged to Euro. The country's population is predominately Christian (Orthodox Church). A very low crime rate makes it safe for holiday makers, especially families.
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No, like most of Western European visitor the visa will be issued on arrival at the airport. You would need to register with the local authorities, but this will be done for you at the reception of every hotel.
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It is Leva. The exchange rates are pegged to Euro. You can change the currency the airport on arrival, if you cannot change your own currency into Leva.
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No, in big shops and hotels, you would not have a problem paying by credit card, however in small restaurants and shops it is advisable to have cash in hand. A reservation fee for an off-plan property in Sunny Beach has to be paid in cash, as credit card payments are currently not accepted.
As we are UK agents for Bulgarian property, we take reservation deposits in Euros or Pounds Sterling drawn in your UK bank only or by wire transfer. We can reserve your apartment for maximum 3 weeks before you travel and it can be transferred between the off-plan apartments complexes in Sunny Beach we show, however is on-refundable if you change your mind altogether.
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There are no restrictions on buying property in Bulgaria for a foreign national. You can buy as many apartments in Bulgaria as you can afford!
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As a general rule buying off-plan property in Bulgaria is more attractive. One of the main advantages and benefits is that your property in Bulgaria will not be built for another 12-24 months and you are buying into a development at an early stage. The prices for similar properties for sale in Bulgaria would be significantly higher, as the past trend showed a good capital growth for properties in Bulgaria.
New apartments in Bulgaria are built to a higher standard with more facilities on the complexes that appeal to foreign buyers and holiday makers. Re-sale market has not yet matured; therefore the choice of second hand properties for sale in Bulgaria is limited. In future years we will see more quality re-sale apartments on the market. Currently we offer some good value for money brand new completed apartments fully furnished in Sunny Beach sea resort. There are priced the same as off-plan apartments and deferred payment terms are offered.
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Buying a property in Bulgaria varies depending upon the type of property you buy (villa or apartment), also if the property is new or re-sale. For properties for sale with land you would need to incorporate a limited company in Bulgaria, which takes time. You would be able to get the Title Deeds for the Bulgarian apartments we sell within 3-4 working days after the full payment is made and the property is finished. Our clients will receive a notification to travel to Bulgaria to complete the purchase.
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The procedures vary depending upon the type of property you buy - villa or apartment. Please refer to our "Bulgaria property - Buyers Guide". Do not hesitate to call us to talk to our consultant if you need advice.
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There are no limitations to repatriate the rental income or property sales proceeds from Bulgaria property.
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Sea Resort Apartments
