The process is comparable to that in the most EU countries.

Some differences are as follows:

• A preliminary contract is used to agree terms and price. A deposit is paid at this time to secure the contract for a fixed period and to take the property off of the market. First payment is then usually 30 days after the signing of the preliminary contract.
• Foreign nationals can buy property in Bulgaria, but when there is land included a workaround has been found whereby a limited company can be set up by the foreigner who is then able to buy land.
• Taxes in Bulgaria are lower than those in the UK, and even with the costs of establishing a company, the costs of the purchase itself are far lower than a comparable property in the UK.

Looking at the table there are a couple of steps that will be unfamiliar to first time buyers in Bulgaria, in particular the need to set up a company. This process is complicated a little further with all contracts in Bulgaria produced in Cyrillic. C & N can handle all of the paperwork on your behalf, establishing a company on your behalf, preparing all paperwork for signature, checking on title deeds etc. In short, the process is made painless, where all of the necessary paperwork can be arranged during your visit to Bulgaria.

Easy step by step C & N process?

• Search for a property using our C & N website.
• Contact us by phone or in person at our offices to inquire more about the property or to arrange inspection trip.
• Be greeted over there,travel to hotel accommodation, view property in the days following.
• Decide on your new property investment, negotiate price and terms
• Make a preliminary contract and pay reservation deposit of €2000.
• Legal checks on title deeds of contract etc. A C & N approved lawyer will manage this paperwork for you
• Title deed (an act in front of a notary), transfer funds and the exchange title deeds
• Take ownership of the property

For legal advice - you may consult with our legal advisors