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Useful Information

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• All our property is sold on a freehold basis.
• All new build property in Bulgaria is subject to 20% VAT. Our prices always include VAT.
• On completion there are transfer and local taxes to pay . These taxes total up to 5% of the purchase price.
• When you re-sell your property convention in Bulgaria is that the new buyer pays the full transfer taxes.
• Maintenance of your property is covered by the Management Contract you will sign upon purchase. This is charged at a fixed rate in euros per square metre per year - currently 990 Euros per annum.
• You will be required to take buildings and contents insurance for your property. We can provide you with the relevant contacts.

Personal Taxation

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Under UK law we are not qualified to provide personal taxation advice. We will however provide useful links that contain information outlining the current taxation position for foreign nationals purchasing property in Bulgaria.