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Buyer’s Guide
To reserve an apartment please contact Bulgariaproperty4less.com. We will check availability and advise you on the best apartment whether your reason for buying is for Investment, a Holiday Home or Second Home.
Below are some tips on choosing your apartment:
Investment
1. Generally in new developments, the higher up the apartment the higher the capital growth. An apartment higher up in the development will have better views and less noise.
2. Generally rental prices only differ on the size of the apartment and not necessarily on the above factors. Provided it is a good size the lower price range apartments will generate the highest return.
Holiday Home & Second Home
1. When buying a holiday home it is important to buy a property in a development with good security and facilities. If you are going to be holidaying their each year you need to be assured your property is safe and secure.
2. You may also want to consider buying an apartment away from the swimming pool or recreational area to cut out the noise.
Once you have made a decision on which apartment you wish to purchase the next stage is to reserve the apartment. The reservation fee is €1000. This needs to be paid to the developer on the date of reservation and is taken out of the first deposit. Legal fees are €300 at Reservation, €450 on signing of Preliminary Contract and €200 on completion when the Notary Deed is signed.
The developer allows 21 days until the first installment of 20% is required. You may use any lawyer you wish. If you have not managed to find a good lawyer at this stage for Bulgarian property then we can provide you with lawyers who come highly recommended by our clients.
As the development progresses we will keep you updated on developments within the project and provide you with photos and updates as and when they happen.
Below are some tips on choosing your apartment:
Investment
1. Generally in new developments, the higher up the apartment the higher the capital growth. An apartment higher up in the development will have better views and less noise.
2. Generally rental prices only differ on the size of the apartment and not necessarily on the above factors. Provided it is a good size the lower price range apartments will generate the highest return.
Holiday Home & Second Home
1. When buying a holiday home it is important to buy a property in a development with good security and facilities. If you are going to be holidaying their each year you need to be assured your property is safe and secure.
2. You may also want to consider buying an apartment away from the swimming pool or recreational area to cut out the noise.
Once you have made a decision on which apartment you wish to purchase the next stage is to reserve the apartment. The reservation fee is €1000. This needs to be paid to the developer on the date of reservation and is taken out of the first deposit. Legal fees are €300 at Reservation, €450 on signing of Preliminary Contract and €200 on completion when the Notary Deed is signed.
The developer allows 21 days until the first installment of 20% is required. You may use any lawyer you wish. If you have not managed to find a good lawyer at this stage for Bulgarian property then we can provide you with lawyers who come highly recommended by our clients.
As the development progresses we will keep you updated on developments within the project and provide you with photos and updates as and when they happen.
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