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Things To Consider Before Buying Property In Bulgaria

Although it is entering the mainstream, Bulgaria still has a few quirks when it comes to buying property.

If you are buying an older, resale property, be prepared for the seller to want to state a lower value on the contract of sale than is actually being paid. This is because sellers have to pay tax on the proceeds of property sales.

While this is customary and widely accepted, you are not obliged to do it (although older sellers especially may be fairly disgruntled if you refuse!).

Obviously such problems do not exist with new builds, and no doubt this custom will gradually die out, as it has in most other areas of Europe.

Be aware too that new properties are often sold as "shells" - not fitted out and ready to live in as they are in the UK. Make sure you have an exact, written agreement with your developer as to what you should expect when your property is finished.

Glossary of Key Bulgarian Terms

BGN - Bulgarian Lev - the national currency

To read more on buying in Bulgaria pls see list below or your mortgage guide or home buying guide

Read enough? Just want a quote for buying in Bulgaria?

To get your best mortgage quote quickly and easily we can put you in contact with a recommended mortgage adviser. It's free, completely confidential and there's no obligation at all. Simply fill out the form below

Value of Property £  
(eg 125000)
Borrow How Much? £
(eg 92500)
Your Mortgage Type
 
Bad Credit History?

Read On

Introduction

Buying A Property In Bulgaria – 4 Easy Steps

Should I Get A UK or Bulgarian Mortgage?

Getting A Mortgage In Bulgaria

Other Things To Consider Before Buying In Bulgaria

Glossary of Key Bulgarian Terms



 

Read enough? Just want a quote? To get your best mortgage quote quickly and easily we can put you in contact with a recommended mortgage adviser. It's free, completely confidential and there's no obligation at all. Simply fill out the form below

Value of Property £  
(eg 125000)
Borrow How Much? £
(eg 92500)
Your Mortgage Type
 
Bad Credit History?

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