Real estate
Costs involved in buying property in Bulgaria
Interest in urban property in Bulgaria has grown recently. Buyers often want to know what costs await them, what they will have to pay for in addition to the apartment itself, and how the transaction works.
Claiming an inheritance in Bulgaria
The pandemic took many lives, and one of its victims was Elena's mother. The woman owned an apartment in Bulgaria where she regularly spent the summer. After her death the apartment was to pass to her heirs — her husband and children, Russian citizens without any status in Bulgaria. However, they ran into difficulties claiming the inheritance.
Is there any risk in buying Bulgarian property from heirs?
Elderly people in Bulgaria often give no thought to transferring property to their relatives before they die, since the inheritance procedure is not as lengthy as, for example, in Russia. If there are no disputes between the heirs, inherited ownership is confirmed within a matter of days.
What are the consequences of not paying property tax in Bulgaria?
In 2020, many property owners in Bulgaria were unable to visit their apartments and houses. This year, despite open borders, this is still not an option for everyone because of high airfares.
What does it take to build a house? What you need to know before construction begins
You can no longer build a house of more than 100 sq. m. on your own without signing a contract with a construction company. What should you pay attention to?
How to register property: in a company's name or as an individual?
What is the most advantageous way to register property when buying it? The law prohibits the purchase of land in Bulgaria by citizens of other countries, but when acquiring a house or an apartment there are various registration options. Which of them will be the most advantageous?
Important for apartment owners in complexes: changes to the ZUES are coming
The Condominium Management Act is relevant for owners of property in apartment buildings. At present it does not always work, and not everywhere. Amendments to the law are planned for 2019.
Taxation of short-term apartment rentals in Bulgaria
Renting out your Bulgarian apartment in accordance with the law involves paying taxes. Let us look at exactly what, when, how and how much the landlord has to pay.