That is just 18,166 sales. In the UK, buying and selling property happens pretty sharpish. Advice for British people buying property in Bulgaria, including information on legal advice, fraud, residence requirements and more. There are approximately 1.3 million UK citizens living in Europe many of which chose Bulgaria for their second home or just bought a holiday home in Bulgarian resorts on the Black Sea. Following me renobsting my house the community ate now making improvement to their own properties. And now, British expats are faced with the uncertainty caused by Brexit, the United Kingdom’s exit from the European Union on 31 January 2020. A quaint village street in the Gabrovo province of Bulgaria. As the purchaser, you have the right to choose which notary you use. Should your theory not also apply to them. If you believe you have been a victim of fraud and you have neither a bank guarantee nor an insurance policy from the developer, you should seek independent legal advice regarding taking criminal legal action through the courts and register a statement with the police. In some EU countries, EU citizens are charged smaller deposits for house purchases than non-EU citizens. | “We’re very happy here and there doesn’t seem to be an overwhelming reason to go back.”. Terms and Conditions We know our readers value our reporting, and the outpouring of support we have received since the beginning of the crisis shows that our readers are willing to step up for the journalism that they trust and value. Please consider making a recurring, PM Costa: Blocking EU-China deal because of the US would be a ‘terrible sign’, Status Anxiety. Another way that those looking to buy in Europe are likely to suffer from Brexit is with regards to house deposits. Do your homework: you should analyse and compare a range of different products and services offered by different banks. Please also see our guide on what support British consulates can provide to British nationals abroad. If you want to let your property to tourists on a short-term basis, you must ensure that you are doing so in accordance with Bulgarian law. As long as we are self sufficient we are an asset to Bulgaria. Brexit has brought a cloud of uncertainty for Britons hoping to buy in Europe in 2021, but demand for holiday homes is still rocketing in the wake of coronavirus. Under the Bulgarian Condominium Act all expenses for the management and maintenance of the common parts under the condominium ownership arrangement should be equally shared by owners, users and residents. In November 2012 the Bulgarian government launched the Property in Bulgaria website, containing useful first-hand information on buying and selling property in Bulgaria and on property maintenance and the different fees and taxes involved. They bought their house from a Roma family and re-located permanently in 2015. Do you value EURACTIV’s reporting? Check that they are registered with the Law Society in the UK and specialise in International Transactions. Accommodation and buying property. The Chartered Surveyors Chamber has contacts for all registered chartered surveyors. A short face to face video about how Brexit will most likely affect buying property in Bulgaria and how it might affect obtaining residency. If you do a service for them, they will always repay you in raki [brandy] or fruit. Expenses for repairs, renovation, reconstruction and rehabilitation of the common areas, referred to in the respective decision of the General Meeting of owners are distributed among the owners of the individual units proportionately to the shares of the common parts of the building held by each individual owner. Before Bulgaria joined the EU, foreign citizens were required to have a Bulgarian Limited Company to own land; after. The notary can even send advance notification to the Land Registry once the public deed is signed. This is particularly important and relevant when buying off-plan or direct from a developer. “They are guaranteeing our pension upgrading for three years but after that we don’t know if it will be frozen.”, There is also uncertainty about how and whether their healthcare status will be affected. 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