Bulgaria stops issuing multiple visas to Russian property owners

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Why Russians purchase property in Bulgaria

Low cost actual property and reasonably priced costs. In comparison with different resort locations, Bulgarian actual property has the most effective worth for cash. In 2020, you should purchase an condominium in Bulgaria with one bed room on the seafront from 15,000 euros. Costs on common fluctuate between 350-800 euros per meter. On the identical time, the price of dwelling in Bulgaria virtually doesn’t differ from the typical degree in Russia.

12 months-round tourism. Bulgaria is an all-season resort vacation spot with balneological, sea and ski resorts, developed winemaking and distinctive pure points of interest.

Quite a few Russian diaspora. The Russian diaspora is the most important in Bulgaria, whereas in some seaside resorts, for instance, in St. Vlas, Sunny Seashore, there are total Russian-speaking quarters. Within the resort areas, a lot of the locals attempt to converse Russian.

Enticing situations for pensioners. The nation has a simplified scheme for issuing residence permits to international pensioners within the presence of their very own or rented actual property.

European integration. Bulgaria is an EU state with European laws and justice, and sooner or later – a full member of the Schengen space.

Ease of transaction and reasonable tax burden. To register a home or condominium as a property, a foreigner wants solely a passport. And the prices of shopping for a house, considering all taxes and costs, don’t exceed 4.5% of the worth of the article.

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housing and communal providers

The realm of ​​the condominium we hire in Sofia is 58 sq. meters, two rooms and a kitchen. All winter we saved on heating: we adjusted the temperature on the meters, turned off the batteries after we left for just a few days. Regardless of this, in June we obtained a invoice for 1055 lv⁣ (40 700 R) for heating and scorching water from November to March. In response to neighbors, that is regular for an condominium of this measurement.

The hostess suggested to not pay the invoice immediately: they normally recalculate and the quantity ultimately turns into much less, albeit not by a lot. Consequently, by October the brand new invoice didn’t come, and we needed to pay the total quantity in order that we’d not have money owed by the start of the heating season.

This yr, in winter, I plan to get a job and heat myself there, and switch off the heating within the condominium throughout the day.

Excluding heating, we pay about 100 lv⁣ for utilities (3860 R) per thirty days.

Separate waste assortment in a residential space of ​​Sofia. Subsequent to the tanks with separate assortment are bizarre
Vitality-saving gentle bulbs in Sofia value from 5 leva (193 R). In our condominium there are such

Actual property acquisition process

Inspection tour and object choice. Topic to the acquisition of actual property, our firm organizes an introductory tour totally free (lasts a number of days).

Object reservation. A deposit of two,000 euros is made, a reservation settlement is signed, and a transaction date is ready. The deposit is paid in money to the vendor’s account or transferred from a pre-opened checking account. Necessary: If an condominium is bought in installments, a preliminary settlement is moreover concluded with the developer, which specifies a staged cost schedule and different phrases of the transaction.

Notarial registration of the transaction. The transaction is executed on the notary within the presence of the customer and the vendor or their authorized representatives. There’s a full settlement with the vendor, the state tax and the notary payment are paid.

Registration of paperwork. The notarial deed is registered in court docket, the state register (Bulstat), the tax workplace. The act should be registered with Bulstat inside 7 days, with the tax workplace – inside 2 months

Re-registration of contracts with utility suppliers. Particular phrases of renewal of contracts will not be stipulated.

The complete process takes a mean of 2-4 weeks.

The client wants to come back to Bulgaria 2 occasions:

1 go to: Choice and reservation of the article. 2nd go to: Primary transaction and registration of paperwork. You will not be personally current on the transaction, however appoint your authorized consultant. To do that, throughout the first go to, an influence of legal professional and three declarations should be licensed by a notary.

The corporate “BolgarskiyDom.com” presents help in buying actual property in Bulgaria on the ocean and within the mountains. For 12 years, we now have helped tons of of residents of Russia and the CIS to develop into house owners of Bulgarian housing and settle on this nation. We assure an intensive inspection of objects and full assist of transactions. There are greater than 5000 flats, studios, homes and villas within the catalog on our web site.

Our shoppers from Russia

Marina and Vyacheslav (St. Petersburg)
The place: Russia
Area: sunny Seashore
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Tatiana (Moscow)
The place: Russia
Area: Saint Vlas
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Extra bills

Prices for the process of shopping for actual property:

  • Notary’s payment – as a rule, it doesn’t exceed 1% of the worth of the article.
  • The tax on the switch of possession is dependent upon the placement and different traits of the property and is 1.5-3.5% of the worth indicated within the act.
  • Registration charges – 0.1% of the associated fee.
  • The price of opening an account in a Bulgarian financial institution and the fee for transferring funds. The account should be declared within the nation of tax residence, the fee for one operation is 50–500 EUR.
  • The payment for the providers of a licensed translator is 50-60 EUR, if you already know the language, this merchandise is elective.
  • The price of post-sale registration of an object is 150-200 EUR when contacting companies, and 20 EUR when shopping for it your self. You will need to register the property inside 7 days after the acquisition, in any other case you’ll have to pay a positive of 300 EUR.

Changing into the proprietor of actual property, you need to pay an annual tax, its fee is 0.15-0.45% of the tax evaluation of the property.

An instance of calculating further prices for the acquisition of furnished flats with an space of ​​41 m2 with 1 bed room, positioned in Sunny Seashore:

Object value 20 000 EUR
Municipal tax on the switch of possession is 2.9% for Sunny Seashore, that’s 580 EUR.
Notarial providers 200 EUR (1% of the worth of the article) and VAT 20% whole – 240 EUR.
Translation providers 50–60 EUR
Registration of actual property with the assistance of an company 150 EUR
Banking bills rely upon the chosen financial institution and the quantity of the transaction, most frequently they’re 50 EUR.
Whole 1100 EUR

Local weather

It’s hottest within the central a part of the nation, rainier within the mountains, extra windy on the coast. It typically rains in Sofia, there’s a giant temperature distinction day and evening, and a robust wind blows in winter.

In winter, snow falls in Bulgaria, and the temperature at evening can drop to -10 °C. Snow normally falls a number of occasions a season and melts after just a few days. On the identical time, resulting from humidity, the minus may be felt stronger than in Russia. The primary factor is to decorate and put on the suitable sneakers. Footwear needs to be of top of the range, robust, for instance, rubber boots for all seasons, thick outerwear.

The primary drawback in winter is that it is extremely costly to warmth an condominium, and with out it it’s chilly. Everybody tries to decorate hotter, heat up at work or in buying facilities.

It additionally snows in winter in Bulgaria

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