Purchase of a house with a plot of land

Question

Purchase of a house with a plot of land

Konstantin Peryazev asks:

Hello! We are considering options for buying a house with a plot of land in Bulgaria for permanent residence. Please tell me if it is currently possible for Russian citizens to make such a transaction and register the purchased property for themselves. Thanks!

01.12.2024

BULGARIA. Consultation

The rights of foreign buyers

Expert answers (4)

Daria Borzova (Oazis Real Estate) · Answer 1 · 2024-12-02T13:55

Hello, Konstantin!

Yes, Russian citizens can buy real estate in Bulgaria, including houses with plots of land, but there are several important points to consider.:

Purchase of real estate:
Russian citizens can buy real estate in Bulgaria, but according to Bulgarian law, they cannot purchase land (in particular, land plots) directly. However, it is possible to register land for a legal entity (company) that can be opened in Bulgaria. This allows the owner of the company to purchase land.

The real estate registration process:
To purchase a property in Bulgaria, you will need to go through the registration procedure of the transaction through a notary, who certifies the purchase agreement. In addition, the process includes registration of ownership rights in the land registry.

Residence permit (residence permit):
If you are buying a property in Bulgaria, then under certain conditions, including when buying a property worth over 300,000 euros, you can apply for a residence permit. A residence permit will allow you to live in Bulgaria for a long time.

Taxes and obligations:
After buying a property, you will need to pay property taxes and other mandatory payments related to property ownership.

If you need help finding a house with a plot of land or arranging a purchase, we can provide more detailed information about the available options and support at all stages of the transaction.
If you have any additional questions, do not hesitate to contact us!

Hristina Mandadzhieva (Yavlena) · Answer 2 · 2024-12-02T11:41

Hello Konstantin, as a citizen of the Russian Federation, you can only buy a regulated plot. It is necessary to register a company in Bulgaria. This quick procedure takes 3-4 days. Then there are 2 options: The company buys a plot with a house, or the company buys a plot, and you, as an individual, buy a house. But the most important issue is payment! How will you prove the money? The payment must be made by bank transfer.

Olga Shmeleva (Yavlena) · Answer 3 · 2024-12-02T10:23

Hello, Konstantin! Yes, you can buy a house with a plot in Bulgaria, there are several features: 1. The plot cannot be registered to a physical person. a person who is not an EU citizen, therefore, a company in Bulgaria is registered for the purchase of a plot, for which it is issued. The procedure is not long and not very expensive, it is a common practice. At the same time, the house itself is registered to a physical person. face. 2. Money transfer to Bulgaria, all payments over 10,000 leva (about 5,000 euros) in Bulgaria must be carried out by bank. Settlement of the transaction is usually carried out from a Bulgarian account, that is, you need to open an account in a Bulgarian bank and transfer the required amount there. There is also an option to use a lawyer's account for the transaction. For a detailed consultation, please call me. Sincerely, Olga Shmeleva

Natalia Zavalishina (Distant Property) · Answer 4 · 2024-12-02T08:50

Good afternoon, yes, you can buy a house. But a house with a plot in Bulgaria can only be bought by a legal entity. If you want exactly a house and issue it to an individual, then you need to look at cottage settlements / townhouses, in some cases you can buy there for an individual. Well, or consider an apartment that can be bought without restrictions.