It provides some information on its website in English. In practice, a usual transaction for buying off plan development has two stages: the signing of preliminary contract; and the signing of public deed before a Bulgarian Notary (Notary deed). The 6 million people at the heart of Brexit, Life in Bulgaria, after Brexit – a ‘no-brainer’ for expats. We decided that with all the Brexit uncertainty, the time was right to have a European base. Around a half of them live in the country permanently. paying costs associated with the communal management of the apartment block and maintaining the property. You know the cadastral value of the property and how much purchase tax will be due. In the UK, buying and selling property happens pretty sharpish. You can change your cookie settings at any time. Owning Land In Bulgaria - After Brexit. Both have pre-existing medical conditions that could make private health insurance complicated and costly. For example if you have a property here in Bulgaria and you were marketing it for say 20,000 Euros a few months ago in the hope of getting say £15,300 in your UK bank account after a sale (using a rate of 1:3 Euros to the pound as it was a couple of months ago), you can now still achieve the same sterling value by dropping your asking price to 17,700 Euros (1.16 Euros to the pound). Therefore, after Brexit implementation period, a property transfer based on separation or divorce could be more expensive for British people. You’ve accepted all cookies. Don’t worry we won’t send you spam or share your email address with anyone. We help each other. It features links to official resources containing major Brexit information. Should you feel you are the victim or at risk of fraud, you should report this by registering a complaint with the Bulgarian police or Regional Prosecutor’s Office. Community spirit is far stronger than in the UK, they say. Accommodation and buying property. For further information and feedback, please contact your local Migration office or call +359 (2) 982 4808, email: migration@mvr.bg. 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. Property prices in Bulgaria have settled down from their peaks following EU accession – meaning that it’s possible to buy decent accommodation country-wide, (with the exception of a few exclusive suburbs in Sofia), for much less than you would pay in the UK for similar accommodation. I live in Bulgaria in a village 15 km from the nearest other British expats and don’t. Willing to buy a property in Bulgaria, but not able to travel? It is not an uncommon practice for foreign owners to be offered a different management contract compared to Bulgarian nationals. Repair, renovation and reconstruction of common parts or replacement of common facilities and equipment should be carried out after an agreement is reached at the General Meeting of owners. The existing rules, agreements, and arrangements between Bulgaria and the UK will change after Brexit. 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. This must stop as it deprives Bulgarian People and the indigenous Residents their own property values. With the UK having left the European Union, some new rules will apply to British people moving to France and other EU countries. The Darleys made their decision to move to the village, not far from the city of Lovech, during their third visit to Bulgaria. A short face to face video about how Brexit will most likely affect buying property in Bulgaria and how it might affect obtaining residency. “In the event of a complete no-deal breakdown, we will have to re-register but will keep the rights we have acquired,” says Beynon. I think that’s brilliant,” says Sue. Sofia is Europe’s 15 th largest city with 1.25 million people and 607,000 homes, but just 3% of these were sold in 2012. If you appoint a UK firm, check that they are registered with the Law Society in the UK and are specialised in International Transactions. It is also advisable to obtain a certificate regarding the planning situation of the plot you wish to buy from the Town Planning department of the Town Hall. You should check that your UK and/or Bulgarian lawyer has professional indemnity insurance. No wonder there is potential strife between existing residents and these newer “carpet-bagging” residents. Make sure you fully understand the mortgage agreement you sign. To help us improve GOV.UK, we’d like to know more about your visit today. Expat forums and talking to local residents including other British nationals who have already made the move can really give you a feel for an area and give you the inside track on any local problems. You must ensure that you declare your rental income to the Bulgarian tax authorities whether you are resident in Bulgaria or not. If you are planning on making a return by renting out your property on a short-term basis, it is best to seek independent legal advice and check what the rules are at the local town hall or the tourist department of the regional government before you buy. To keep informed, check our Living In Europe After Brexit guide on a regular basis. If you started the Italian property transfer process based on a separation or divorce it might be time to speed things up and complete the process by 31 December 2020 in order to take advantage of the exemption above. “We’re very happy here and there doesn’t seem to be an overwhelming reason to go back.”. I guess that was also nasty and evil, depriving the “indigenous Residents of their own property values”? It is a good idea to seek advice from the notary early on. | Moving to Bulgaria was “a no brainer because we can live out here rather than just exist”, she adds, “when you’ve lived next to the M25 (under the flight path for London’s Heathrow airport), this is bliss”. If you have any doubts about the terms and conditions, ask the lender to clarify. We are unable to provide any guidance on individual property purchases apart from the information and links listed below. This information is provided as a general guide and is based upon information provided to the embassy by the relevant local authorities and may be subject to change at any time with little or no notice. However, it is worth seeking professional advice to make sure that you are complying with Bulgarian legislation and that you are using the correct rental contract. This can be viewed at the town planning department of the local Town Hall, you have carried out a property survey. This will include other information such as whether the plot has any building restrictions, is in a green zone, includes a public footpath or if there are any current plans to build a motorway or other infrastructure builds etc. This “so-called” self-sufficiency rule is a bogus one. Pets. If buying an apartment in a block of flats or a closed residential complex, investors are usually required to sign a secondary contract relating to the management of the condominium, e.g. Brief information on taxation is provided within the Living in Bulgaria guide. Check with the Land Registry to make sure the land which is going to be built on is registered to the developer you are doing business with. Before signing a preliminary contract, check exactly what fees are payable and how much they are, and have these confirmed in writing. The North Western Europeans have done this for decades as we see in France Spain Portugal (Madeira is an example here as well) and Italy and others and it wears thin. This rural real estate is situated in a small and quiet village included in Makresh municipality, Vidin district. Those are also factors that keep them from returning to Guildford, one of the wealthiest regions of the UK, , where they had worked as foster carers. If the property is built on rural land or land that is not classified for construction, additional confirmation should be sought from the regional government offices as to whether they have authorised the construction, you have checked the latest town plan to see whether or not the plot you wish to buy has any building restrictions, is in a green zone or includes a public pathway or similar. Little things but it means a lot.”. OK Bulgaria - UK based and operated Estate Agency. You will probably need to pay into the private health system there. 03339 397829 Local call rate. Buy a property abroad before Brexit and retain your EU rights. So far, the Darleys have followed the recommendations of the UK and Bulgarian governments: updating their Bulgarian ID cards – known as lichna karta –  obtaining ten-year residency permits and Bulgarian driving licenses. These “so-called” residents of the Uk living their new-found lives in Bulgaria should be compelled to learn the language as a starter and then after competence – two years – be given a temporary residence just like that which the UK is doing. Whilst a trade deal was eventually finalised in December, it seems uncertain as to how Brexit will impact overseas property owners and buyers in … If you have a complaint about the way a court has handled your case, you can present a complaint to the Supreme Administrative Court in Bulgaria or to the Supreme Judicial Council. A quaint village street in the Gabrovo province of Bulgaria. Rent in Bulgaria on average is 74.06% lower than in the UK. That is just 18,166 sales. It will take only 2 minutes to fill in. Let’s take a look at those looking to buy property overseas. Not so in Bulgaria. And we thank you for your support. You should also make sure that your contract has the same terms and conditions as for all other owners. 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. British nationals who have resided legally in Bulgaria for a period of five years on the basis of holding a consecutive long-term residence permit are entitled to a permanent residence permit. At the moment, the Darleys are covered by Beynon’s UK pension rights. We use this information to make the website work as well as possible and improve government services. ‘Independent’ in this regards means that they will work on your behalf only and are not also looking after the interests of the agent or developer. Buying up property at prices which are less than a quarter of the equivalent in the UK at higher rates than the locals can afford pushes up prices and creates discontent. What does that even mean? EURACTIV MEDIA NETWORK BV. We are seeing record-breaking interest in our journalism as our pageviews have doubled in the last year. Confirm that there is an architectural plan for the property approved by the local municipality. Should your theory not also apply to them. You can find a list of accredited translators and interpreters in Bulgaria on the Bulgarian Ministry for Foreign Affairs website. It is advisable for the payment for the purchase of off plan property to be made in instalments each of which is made after the completion of the relevant construction stage and obtaining of a statutory certification document. Fees are usually payable on the completion of a sale if not before. The Bulgarian property conveyance system is different to the UK system so you should ensure that those involved in the transaction are qualified and experienced in Bulgaria. FEATURED PROPERTY 45. If the value of the property is less than the total debt outstanding (you are in negative equity), the bank may pursue your other assets to recover the mortgage shortfall using a European Enforcement Order. INFORMATION ABOUT BREXIT. Ensure that the developer/constructor has the necessary insurance to cover any build defects. It depends. The Bulgarian tax authority is the National Revenue Agency. Sunny Beach, Burgas. Make sure you obtain a copy of the Cadastral certificate giving the exact boundaries and square metres of your land. The fees associated with buying a property in Bulgaria are listed below, although not all will apply to all sales. Positive noises from the Spanish authorities about how they will treat British citizens when the UK leaves the EU (although we of course haven’t, yet) has no doubt helped cement our love of Spainand our desire to move there. It is only if you are moving permanently that new rules will apply. “You’re not taking each other for granted. 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. You can get around the problem of buying land by forming a company, as it was up to a few years ago. There are statutory stages of construction of an off-plan development which are certified by certain documents specified in the law. Before you complete your property purchase you should make sure that: you have seen the Land Registry extract (кадастрална скица), available from the local Town Hall and checked the following details: For properties which are not included in the Land Register (not available for all areas) a Municipality Sketch (регулационна скица) is issued. The good news is that property buyers will be completely unaffected by Brexit. There are a range of mortgages on offer and you should pay special attention to the interest rate and repayment period, fees for setting up the mortgage as well as early repayment and cancellation fees. Bulgarians wont buy ptoperty in gypsy villages so the expats bring new life to dieing villages. The Darleys don’t expect to be victims of a post-Brexit political tit-for-tat in the event that the UK government clamps down on access to the UK for Bulgarians. While a slower market could theoretically allow buyers to negotiate a better deal, fewer listings can mean greater competition for the highest quality and most sought-after homes. I became the ethnic minority in my own country not understanding my co workers speaking to me. List of English-speaking lawyers in Bulgaria. Check how the new Brexit rules affect you. “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. If you choose to work with a British estate agent, promoter or lawyer, check that they are qualified, reliable and have experience operating in Bulgaria. The NHS has to put signs in all their differerent dialects. Brexit this requirement is expected to be reapplied to UK citizens. Buying power is relative, a coffee in Bulgaria costs 30 cent, it would be €3 here,” says Cullen. A Bulgarian notary public will be involved in preparing the contract of sale and issuing the public deeds. Consider asking a chartered surveyor to check the property. Last year, before the referendum, a property valued at €250,000 would have cost £190,000; now, however, the same €250,000 property will cost approximately £220,000 – that’s £30,000 more expensive. The Bulgarian police should deal with all fraud allegations once they are brought to their attention. If you are considering buying off-plan in Bulgaria there are a number of points to consider. We need your support.Dear reader. 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. “We bring money into the economy even as pensioners.”. Here our neighbours all talk to us. “We are able to live out here in Bulgaria on a standard pension – you couldn’t even have a basic standard of living in the UK with that,” says Sue. “I don’t like what it’s (the UK) become,” says Sue. British nationals wishing to obtain any further information must contact the relevant local authority. There are a number of points to consider a property abroad before Brexit and retain your EU.! 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