For a brief explanation of each stage in the buying process, please keep on reading below.
1. Register with ICB properties
If you are looking to buy property in Bulgaria, start your search with ICBproperties.com. With thousands of properties in Bulgaria to view ICBproperties.com is the Bulgaria`s number one destination for serious property hunters. Fast, convenient and easy to use, you will find an incredible choice of properties in Bulgaria together with useful info for the area you are interested, all in one place.
You can either:
2. The search begins
Our experienced property consultants need as much information as possible about the type of property you are looking for and are experts in helping you find your ideal property in Bulgaria. Whether your preference is for a luxury apartment in the famous Bulgarian resort, a family relocation to the capital Sofia or a holiday retreat in the beautiful countryside, or if you are an investor looking to expand your portfolio - our property consultants will access all properties that match your criteria and help you find the right property in Bulgaria.
Full colour brochures of the properties you like can be printed from this website. When you have registered with us latest property information and new offers will be send directly to your e-mail.
For those of you who would like to see the area and selection of properties we can arrange a tailor made viewing trip, where you will not only see the chosen properties but also take in an area tour and find out about our beautiful country, with no obligation. Our viewing trips are available to clients who have a genuine desire to purchase a property in Bulgaria and for those who are prepared to reserve the property of their choice whilst on the trip.
At no stage will you be pressured into purchasing something that you do not want to buy nor will you be shown properties which exceed your budget.
4. Making an offer
Once you have decided which property you would like to purchase, we will approach the seller and will negotiate on your behalf the conditions accompanying the sale. The offer is subject to a Preliminary contract being signed. There are no legal obligations on either side until the Preliminary contract is signed.
5. Setting up a company
According to the Bulgarian Constitution, foreign individual persons may acquire a real estate constructed by means of a building lease granted (e.g., an apartment, a store or an office in a multi-storey building) not including title of land. If a foreign person, however, wishes to acquire a real estate in the territory of Bulgaria including title of land, such person will be required to register a company (normally a single-person private limited liability company) in their name as provided under the Law on Commerce. According to the substantial legislation the company registered will be a Bulgarian legal entity owned by the capital holder and any property may be acquired in the name of such company without limitation.
6. Signing a preliminary contract
A preliminary contract will be signed by and betweenthe buyer (or their attorney) and the seller arranging all terms and parameters as to finalizing transaction (settlement date, price agreed, etc.)
Upon signing the preliminary contract buyer will pay a deposit to seller thus establishing their commitment to purchase the property. In Bulgaria such deposit usually rates at 10% of the cost of the property to be purchased. Upon signing the preliminary contract and paying a 10%-deposit the real estate agent's fee will have to be paid as well.
Time period is necessary in order for certain final property and legal checks to be made.
This is generally set a month to two months after exchange of Preliminary contract, depending on each parties' personal requirements. Residual monies are now transferred from the buyer to the seller or developer.
Congratulations, you are now the owner of your new property in Bulgaria!