What are the procedures when buying a property in Bulgaria?
Property in Bulgaria Answer : The procedures vary depending upon the type of property you buy – villa or apartment. Foreign nationals cannot own land in Bulgaria directly. This means that a lot of properties for sale in Bulgaria require limited liability company incorporation before you can proceed with a purchase. This law is likely to change in the near future to comply with EU legislation. Bulgaria Property Question : What is available on the market? Property in Bulgaria Answer : The majority people who are buying property in Bulgaria are looking for holiday/second homes often with a view to retirement in later years. Bulgaria Property Question : Are there any restrictions for foreigners? Property in Bulgaria Answer : According to the Bulgarian Constitution foreign individual persons can buy buildings but not land. Therefore the most common method for foreigners buying property in Bulgaria is to set up a company which then owns the land and the buildings. We expect the law to change
