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There are two types of purchases we offer.

1) A Virtual development plot

This where you can invest in a co-operative Holiday village scheme. This investment takes approximately 16-18 months to finish with possible returns of 250%!!!!

2) Property/Apartment

Whether buying off plan or you r dream holiday or retirement home. Its as simple as ABC with our professional legal team. (Please note if you are purchasing a home with land by law you must set up a Bulgarian company to trade with. But don't worry our legal team will set it up. All you will have to do is sign your signature)
 



Option Purchase Agreement Form

Having checked the group plot or apartment you want is available, either download the form from the website or we will email you one

Having completed the form, email it back to maria@bulgariandevelopment.com
At the same time then post the completed form along with your reservation fee of £500/€750  made payable to 'The European land registry Company'.

Note: Your reservation fee is non-refundable. It will however be deducted from the purchase price of your property upon receipt of the first instalment.

Preliminary Contracts

You will receive a preliminary contract of sale and management contract.
These will be issued within 1 week of processing the receipt of your reservation fee.
Please check all the details are correct before signing both copies.
Return these documents to our London office along with your initial instalment as detailed in the contracts within 15 days.
Please note we accept payments by both bank transfer and cheque.
Should you wish to arrange an inspection trip, we would be more than happy to assist you.

Construction Phase
We regularly update our website with construction updates throughout the build process. This will allow you to monitor the progress of your property.
Usually there are one or more interim instalment payments to be made prior to full completion of the property.
We will advise you in good time of estimated dates for interim instalments.

Final Completion

Prior to all construction being completed, you will be notified when your final instalment is due.
Upon completion of the property and payment of the final instalment, the transfer of title deeds can take place.
In Bulgaria, the property registry system works in conjunction with local Notaries.
In order to take delivery of your property, you will need to sign the ‘Notary Act’. This is a standard form document transferring ownership of the property into your name.
You will receive title deeds within one week to ten days of the Notary Act from the local council.

Note: If you are unable to attend the Notary Act in person, your legal representative may attend in your place. This individual will need to be a qualified Bulgarian solicitor in possession of a ‘Power of Attorney’ agreement. We are able to liaise with you to arrange this.

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