Dear Sir/Madam, Because of receiving huge number of inquiries each day which regards to procedures and costs associated with properties in Bulgaria, we would like to explain the problem below.
Purchase of apartments and locals
Conditions of sale and purchase apartments in Bulgaria are the same as in Poland and whole European Union. Purchase is made by notarial act which is prepared and signed in the country in which the property is buying. Transactions in Bulgaria are performed only in Euro.
There are two variants of purchasing:
We would to emphasize that ILS Poland Group is a licensed broker (who has liability insurance) and co-founder of the Polish Chamber of Real Estate – PIN. We care about the best buyer interest in every purchase option. There are three possibilities of signing the contract which has to carry about client interests: in Poland, in Bulgaria or by correspondence.
In both variants, buying property is associated with several basic steps. That process is completely carried out by the ILS Poland Group and looks as follows:
Nevertheless, the sites will is clearly specified in the contract what guarantees the security of transaction. Content of the agreement defines the brokers responsibilities and steps for its realization.
To meet your expectations, to resolve any doubts and answer the most frequently asked questions we would like to stress that developers with which we have signed contracts are always tested by us. They often have state guarantee, already comlpleted projects and satisfied customers (eg. Our natives from Poland permanently living in Poland, France, Great Britain, Ireland, Norway and other countries around world including lawyers, economists etc.)
To any real estate purchase, in this case an apartment in Bulgaria, except offer price should be added:
Most of answer to the potential questions are presented on our website, here is a link to the guide – Real Estate in Bulgaria – why is it worth.
In the territory of the Republic of Bulgaria all flats-apartments are acres. Every owner of the apartment (assuming that it is an apartment with many facilities in a closed complex) is required to sign a contract to manage the whole complex (the equivalent of our rent) with the administrator – usually developer. Price of the year-round property management is in the range from 4 to 15 euros per square meter for apartment
Components of permanent costs:
To take full illustrate, the above costs we are giving an example of studio apartment with total area 27,73m2. We assume that the cost of year-round maintaining for this apartment will be 5 EUR/m2 per year (according to the management agreement) which provide 27,73m2 x 5EUR what is 138,65EUR per year. This fee forms a cost of managing complex and includes the maintenance of common areas in that:
Additional fees are set on the basis of counter values and includes electricity and water consumption. Sometimes the fee for the property management includes also a flat charge for electricity and water accounted in annual fee or overpayment after the end of the calendar year.
In addition, due to the fact that each manager (management company) usually has signed contracts with tour operators and employs appropriate staff, you can also sign a management contract with the manager for a medium remuneration of the manager in the amount of about 25% of the profit generated from renting and then such a manager also deals with the comprehensive care of the apartment, i.e. cleaning, washing and change of bedding and towels, as well as investigating the condition of the apartment, each time before and after the rental. Alternatively, the owner of the apartment can order by phone or e-mail each time the cleaning service and replacement of bed linen and towels for the complex manager, and once this service costs about 65 Leva cleaning and 15 Leva laundry and change of bedding and towels, but usually pay in advance by bank transfer to the account of the manager (management company).
We would also like to point out that when signing a contract with a manager for management with rental services, it is necessary to declare the period in which a given flat should stay at the disposal of the owner every year, and during the remaining period it can be rented, it should be borne in mind that the season in Bulgaria, it runs from May to October and the payment of rent for a given flat, after deducting costs and a written settlement by a given manager always follows the end of the season, i.e. in the fourth quarter of each year.
Costs of complex ILS POLAND GROUP service:
ILS POLAND GROUP provides comprehensive service and conducting every transaction (from own offers bank or from sources indicated by the customer). During the purchase of apartments on the primary market the broker salary is covered by developer so the buyer is exempt from paying commission!
It is worth to mention that in some cases, when the apartments are more expensive some developers are also covering travel and accommodation costs.
*Any commission for brokering activities including comprehensive service and carry out of transaction can be determined only when you buy the smallest and cheapest apartments in the promotional ILS Poland Group terms, only when the seller is an individual or developer who does not pay remuneration. ILS Poland Group salary is set individually basing on the property price. The client is informed about this before taking decision.
IMPORTANT: The remuneration collected by our company for a comprehensive transaction in the case of real estate from the secondary market is the remuneration for the performance of activities, which is a huge amount, and the determined amount of actual salary is calculated at the lowest level and requires us to incur many operating costs, including among others:
ATENTION: ILS POLAND GROUP also provides comprehensive after-sales service, including assistance during furnishing and equipping apartments based on individual arrangements or separate agreements.
Additional and useful links:
Purchase of houses and plots
Conditions of sale and purchase plots and houses in Bulgaria are the same as in Poland and whole European Union. Purchase is made by notarial act which is prepared and signed in the country in which the property is buying. Transactions in Bulgaria are performed only in Euro.
The process of buying houses and plots looks similar to buying an apartment:
We emphasize that the ILS POLAND GROUP is a licensed broker (who has liability insurance) and co-founder of the Polish Chamber of Real Estate – PIN. We care about the best buyer interest in every purchase option.
There are three possibilities of signing the contract which has to carry about client interests: in Poland, in Bulgaria or by correspondence.
IMPORTANT: Registered company does not doing business, it occurs only as the owner of the land and therefore once a year should be accounted so called PIT-0 in the relevant local tax office – on client request by ILS POLAND GROUP.
Otherwise, the clearly specified sites` will in the contract guarantee the security of transaction. Content of the agreement defines the brokers responsibilities and steps for its realization.
To meet your expectations, in order to resolve any doubts and to answer the most frequently asked questions we would like to stress that available houses with plots from the secondary market comes directly from the owner-sellers and we are always checking it against formal aspect.
Cost of purchasing:
To any plot purchase in Bulgaria, except offer price should be added:
Most answers for the potential questions are presented on our website, here is a link to the guide – Real Estate in Bulgaria – why is it worth.
Property tax – on the territory of the Republic of Bulgaria height of the property tax depends on the community in which the property is located, it varies at 25-100 EUR per year.
Moreover, once a year, after completion of the calendar year ILS accountancy on behalf of the companies owners is made to the bulgarian competent local tax office the annual tax return, so called PIT-0. It indicates that the company is not active and only remains the owner of the built or unbuilt land. Costs of preparation and submission of annual tax return varies between 60 and 90 EUR
Additional fees are based on the counter values, it includes normally consumption of electricity, water and waste disposal.
Costs of complex ILS Poland Group service:
*ILS Poland Group provides comprehensive service and conducting every transaction (from own offers bank or from sources indicated by the customer). The brokerage activities commissions including a comrehensive service and carrying out a transaction is determined individually in Bulgaria, of course assuming that the buyers intention is to purchase only house or land.
ATENTION: ILS POLAND GROUP provides comprehensive after-sale service including assinstance the immense renovations of houses and during furnishing and equipping it, basing on individual agreements or separate contracts.
Additional and useful links:
Real Estates in Bulgaria
Real Estates in Egypt
Real Estates in Portugal
Real Estates in Spain
Real Estates in Turkey
Real Estates in Germany
Real Estates in Greece
Real Estates in Brazil
Real Estates in U.S.
Real Estates in Poland
Real Estates in Szczecin - Poland
Estates by the sea - Poland
When you invest in real estate, be careful when you hear the Rate of returnStatistically, each average participant of the financial markets, seems to know what it is the rate of return in relation to the bank deposit and exchange. Whether they know what it is the rate of return in relation to the real estate markets? Term ...
How to buy a Property without leaving homeYou want to buy foreign Property but you don`t have time to participate in the transaction personally? Stay calm. Our experienced team of professional experts will do every activities on your behalf. You don`t have to book tickets, travel thousand...
If you are or will be on retirement see the surprising results of EUROSTAT researchesAccording to Eurostat researches – namely the European Statistic Office the polish pensioner on the background of countries so-called Old Union falls surprisingly. Polish retirement allows to affluent life in only few Union countries. *the attac...
Discover the art arcanas and secrets of selling and you will get a good price for your propertyMost of us at least once have sold the property and selling it are asking "How to sell my property effectively and get the expected price?" The sale itself is not a problem but getting the expected and good for us price, this is the great art. What ...
We received a prestigious award Certificate Friendly Company Internet UsersILS POLAND GROUP in the year 2017 was awarded by the internet portal Firmy.net "Certificate Friendly Company Internet Users". The certificate is awarded by the internet portal Firmy.net companies characterized by completeness and objectivity website...
We were awarded the Certificate of Trustworthy CompanyILS POLAND GROUP in the year 2017 was awarded by the Center for Opinion Research Client certificate "Trustworthy Company". The certificate is awarded by CBOK entrepreneurs characterized by a good reputation among customers and business partners, as ...
We have Gold Certificate of Reliability 2012This year, the third time the ceremony took Gale and Gold Certificates were distributed Reliability. Gold Certificate of Reliability is a testament of honesty, reliability and integrity. Companies that they carry with them not only confirms its stro...
Together with TVN CNBC in the An hour for money programTVN CNBC together with our company are looking for the real estate investment opportunities in the economic magazine "An hour for money". On 3 April 2012 Robert Stanilewicz with the ILS Poland Group representative discovers during the live TV prog...
Competition under the name of Love LetterLadies and Gentlemen, Specially designed for all our current and future customers, we have Valentine`s Day contest called Love Letter, which will receive a valuable prize lureat. Competition is addressed to all lovers and is only a short love l...
RABAT ZONE CertificateGet the RABAT ZONE Certificate and save your money without any restriction! This unique promotion is addressed to all people, firms, entities and organizational units which have used or would like to use our services. It brings a lot of benefits for...
0 percent from the BuyerLadies and Gentlemens, To meet customer expectations, while taking into account the rapidly changing situation on the Polish real estate market, we offer a unique promotion called "Promotion 0%". This promotion is directed only to the buyers an...
We are urgently looking for an apartment in the district of Szczecin PogodnoWe are urgently looking for an apartment for our client in Szczecin Pogodno: - Only in brick - Area of 90 m2 - A minimum of 5 rooms - Price to 900,000 zł ILS Poland Group Office / Information phone:+48 (91) 820 15 07 ...
Plot in Kurowo or UstowoOur client are looking for a building plot in the area Kurowo or Ustowa with an area of 1200 m2. The plot should be located on the left side going from the center of Szczecin. An additional advantage of real estate development in the old trees ...
Two rooms in Szczecin2 bedroom apartment for rent in. Rent to 1,600 zł + fees. Central location, rooms with kitchenettes most. Customer depends on the location in a quiet area, preferably low multifamily building, if it`s just renovated houses. To the 3rd floor. ...
Building plots near SzczecinBuilding plots for building multi-family or twin. Around Szczecin, preferred areas: wołczkowo, good Bezrzecze. 800-1600 m2. Top up to 200 000 zł, but with very attractive offers, the customer is willing to pay more. ILS Poland Gro...
Add your offer
Do you want to submit offer? Click and complete the short form, we will contact you
Enter your e-mail address to receive information about new products and promotions
available without visiting our office 24h-ph.: +48 608 363 366
Rate our work
Your opinion about us is very important to us, share it with us.
+48 668 803 003