Welcome to Bulgaria Revealed

Bulgaria Revealed property investment holiday homes apartment apartments villa villas

The majority of our clients are seeking holiday or second homes for their own use and/or investment purposes.

'Bulgaria Revealed' sources properties from rural cottages to new five star beach resorts and anything in between. We can give you a selection of properties that fit your specific holiday and investment needs. In short, whatever you require we will be able to locate a suitable property for you in Bulgaria.


	USEFUL LINKS
	Flights to Bulgaria with Bulgaria Air www.balkanair.co.uk		Flights to Sofia with British Airways www.ba.com
	Summer holidays and flights www.thomsonflights.com		Holidays and flights to Bulgaria (all year) www.balkanholidays.co.uk
	Internal flights from Sofia to Varna www.hemusair.bg		Coach from Sofia - Bourgas www.biomet-bg.com

The Bulgarian Act on Foreign Investment allows foreigners to buy buildings but not land. This restriction is simply avoided by setting up a Bulgarian company which then owns the land. This law is due to be removed before EU membership in 2007. It is one of the main reasons that property prices are so attractive compared with Western Europe but it will not last.


	EXPENSES PAYABLE ON COMPLETION OF SALE The expenses for the transfer at notarial order include: - local tax to the amount of 2% of the taxable base (the price which is on the notary papers). This is equivalent to UK stamp duty - notarial fee/proportional to the taxable base/according a chart of the Notarial Fee Tariffs; - fee for registration of the notarial act to the amount of 0.1% of the taxable base; - fee for copies of the notarial act ito the amount 3 BGN for each copy PLEASE NOTE THAT THE TOTAL OF THE ABOVE CHARGES IS INVARIABLY LESS THAN 3% OF THE PURCHASE PRICE

The process is summarised below:

• Check whether the property is being sold with or without land
• (if with land a company formation will be necessary)
• Agree a final price with the current owners
• Draw up and agree an initial contract allowing the property to be removed
• from the market
• Do a number of checks (title documents, licenses, debts on the title etc.)
• Sign a Notary Act (purchase contract) in front of a Bulgarian Notary Public
• and the Final Legal Contract
• You are now an official owner of a Bulgarian property

Don't worry! The good news is that we help make that process painless and routine! We can advise you on whether you need a company or not, if you do we can help set one up for you for less than seven hundred and fifty pounds.

Bulgaria Revealed are now able to offer furniture through a reputable supplier to Tour Operator Standards thus ensuring apartments are up to scratch for rental.

Click Here to go directly to the dedicated website.

Many clients ask us for information on taxes. Since we are not qualified to give such advice, we refer you to the information below:

Ministry of Economy

Bulgaria Business Forum

World Bank for SE Europe

Agency for Foriegn Investments

Ministry of Finance

"My wife and I were interested in purchasing an investment property in a ski resort for a few years. France and Italy were out of our price range, so we went to Bansko for a week's holiday after a recommendation from a client. We were very surprised by the quality of the skiing and the scope for growth of the resort. We then started to investigate property prices and quickly realised that now was the time to get involved in this exciting market.

Finding a reliable real estate agent was as important as finding the right property. With Bulgaria Revealed we found the whole transaction very smooth and hassle free. They even recommended a currency exchange agency and a Bulgaria-based lawyer. Our property completes construction in December 06 and we look forward to enjoying the skiing and rental income that will follow. We will certainly use Bulgaria Revealed for future off plan investments in Bulgaria"

Simon & Pamela, Hampton, Middx

The details contained within this website are for guidance only.

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