Buy real estate, Belarusian citizenship

Question

Buy real estate, Belarusian citizenship

Inna Lazovskaya asks:

Good afternoon. Can citizens of Belarus buy real estate in Bulgaria, if possible, how is the buying process going? thanks

03.10.2020

BULGARIA. Consultation

The purchase procedure

Expert answers (5)

Natalia Radushko (Properties-Contact) · Answer 1 · 2020-10-05T11:24

Hello Inna!
A citizen of any other country has the right to purchase real estate in Bulgaria, including a citizen of Belarus. To purchase real estate, first of all, you need to decide on the area, budget, and get acquainted with real offers. Of course, it is best to come to Bulgaria and see everything with your own eyes. Now in the COVID environment, we also very often practice the possibility of distance selling. We conduct online inspections of apartments, areas, streets, etc. In the event that you have already decided on the choice of real estate, a deposit agreement is signed, a deposit of 1000-2000 euros is paid and the selected real estate is removed from sale, the real estate is checked immediately for cleanliness, from this moment the preparation of documents for the transaction begins. As a buyer, you do not need to wait until all documents for the transaction are received.
Yours faithfully,
Natalia Radushko

Zlatina Volchanova (Properties-Contact) · Answer 2 · 2020-10-04T13:43

Hello Inna, thanks for your request!
To purchase real estate in Bulgaria and sign all the necessary documents and agreements, you need a valid passport.
If you decide to buy a separate house or villa, you need to open a company in Bulgaria, to which the land will be registered.
If you decide to buy an apartment, then you only need your passport!
There will be questions, we will be happy to answer and help!

With respect
Zlatina Volchanova-Manager

Yana Virzum - Miskirchyan (Болгарская Ривьера) · Answer 3 · 2020-10-03T18:36

Good evening, Inna.

Yes, citizens of Belarus have the right to buy real estate in Bulgaria. For this you only need a foreign passport.
1. First you decide on an apartment (house). Either you yourself are looking at the options with your realtor, or if a distance sale is supposed, your realtor will advise you on real estate according to your budget and preferences, make a detailed video of the apartment (s).
2. Next, the selected apartment is checked by the company's attorney. If all documents are in order and the object is "clean", a preliminary sales contract is prepared. You sign it and pay a deposit, the standard deposit is 2,000 euros and is included in the price. The deposit is made to the lawyer's account of the lawyer of the company and remains with him until the day of the transaction.
3. Next, the lawyer prepares all the documents for the transaction. On the appointed day of the transaction, all documents, transaction history and the absence of encumbrances on the object you have chosen are checked again (this is done by a lawyer who has access to the database of the state of the objects). The time from the payment of the deposit to the day of the transaction varies from 7 to 20 days.
4. At the transaction, the translator reads you the text of the notarial deed and you and the seller, in the presence of a lawyer and a notary, put your signatures in the notarial deed. Also, local taxes are paid for real estate registration (usually 4% of the tax value of the property).
The notarial deed is registered in the district court at the location of the property. The registration period is usually 3 days.
You yourself or a real estate agent (by your power of attorney) registers the purchased property in BULSTAT and receives a statistical number to identify you as the owner of the property.
It is necessary to register your property with the tax office (NAP), conclude agreements with electricity and water supply companies in Bulgaria, and, if necessary, conclude an agreement with the management company.
5. If a remote transaction is expected, the lawyer prepares documents - declarations and power of attorney from you in his name, they are sent to you, you certify them at a notary and send them back to Bulgaria. On the basis of a power of attorney, a lawyer can conduct a transaction without your presence. You transfer the money for the transaction to a lawyer's account, then he himself sends them to the seller's account.
6. Inspections, transfers, selection of objects are provided by our agency free of charge for you.

Best regards, Yana Virzum

Evgenia Prokazova (Bulgaria Avenue) · Answer 4 · 2020-10-03T16:06

Good day, thank you for your question, yes, maybe the buying process for residents and not for residents is the same.

2. The procedure for buying real estate in Bulgaria.
1. After the selected property, you need to book.
You pay 1,000 euros of the reservation fee, the contract is signed, the property is removed from the sale.
2. On the basis of the contract, you pay for the property, according to the payment scheme in the contract. For each payment, you receive a confirmation of payment.
3. Open an account with a Bulgarian bank. To open an account, an individual needs the following documents:
international passport;
4. After payment, the day of Notarization is appointed. Registration can be both remote and on-site. After registration, you will receive a Notary Title Deed and Bulstat - the identification number of a foreigner.

Good day, with respect,

Natalia Zavalishina (Distant Property) · Answer 5 · 2020-10-03T16:04

Yes, you can, there are no restrictions on buying an apartment. To buy a house with a plot of land, you need to open a legal entity. The buying process is simple - choose a property and pay for it. In the case of buying a house, open a legal entity, lawyers on the spot will help with this.