How to buy
Make an enquiry
After spotting a property you are interested in, please use the enquiry option to send details of your requirements. We will then check to see if the land is still available, and let you have any other relevant information. Please note, that the market for agricultural land is moving up sharply in Bulgaria, in particular, so don’t be surprised if your first choice is already sold. We’ll soon find you a good alternative!
As we also source land to client requirements. If you don’t see anything suitable, then just send us specification of what you are looking for and we can instruct our search teams to find it. We can also approach owners of neighbouring land to any plot and check to see whether they wish to sell. This is a way to increase a particular offer size.
Buying
Land needs to be owned through a limited liability company. This is standard procedure in Bulgaria for residential houses and not difficult or particularly expensive. However, as some work and cost is involved, we will not set up a company unless there is a firm commitment to buy.
Setting up the company is not as daunting as it might sound and can all be done on the first visit if required. Note that one company can own a number of properties. Allow half a working day for these legal proceedings.
Our solicitor will prepare the company documents you need to sign. If the property will be bought by more than one person, the presence of all people involved is required. Each buyer needs to present his/her valid passport. Some of the documents need to be signed in front of a notary officer. The setting up of a new company also requires opening a company bank account (small fee applies) with the deposit of the minimum required company capital for a Limited Liability Company of 1 Euro.
Set up of a company
The above described procedure can be arranged by our company. For this purpose we will need a power of attorney to act on buyer’s behalf. The charge for setting up a company, including all government fees is 295 Euro.
Steps to complete the purchase:
Step 1: Offer to purchase made and reservation fee of 1000 Euros paid to Blackseavillas.net in Bulgaria. It can also be paid to our UK office, if desired. This fee is non refundable in event of buyer pulling out later. It is fully refundable if land transaction does not complete. A receipt is sent to you for this sum.
Step 2: Preliminary Contract drawn up with seller. 30% less reservation fee is then sent to above agencies. Upon receipt of these funds, contract is signed with seller. Copy of purchase sent to buyer. Process of establishing limited liability company started needs to be started. This can be done without buyer being in Bulgaria if POA is given by Apostille at nearest Bulgarian Consulate to buyer. Or, the buyer visits Bulgaria
Step 3: After 4 to 6 weeks, the balance is paid and purchase completed. It takes about 3 months for the Deeds to be issued after this balance payment is received, after which a copy of these can be sent to buyer. Originals will only be sent on written authority of buyer, by DHL at their cost. Otherwise, Deeds remain in safe keeping until buyer collects.
You are the proud owner of quality agricultural land.
