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Bulgaria Property Question : How long does buying a property in Bulgaria takes? Property in Bulgaria Answer : Buying a property in Bulgaria varies depending upon the type of property you buy (villa or apartment), also if the property is new or re-sale. For properties for sale with land you would need to incorporate a limited company in Bulgaria, which takes time. Generally it will take 3-5 weeks to buy a property. 
Bulgaria Property Question : What are the procedures when buying a property in Bulgaria? Property in Bulgaria Answer : The procedures vary depending upon the type of property you buy - villa or apartment. Foreign nationals cannot own land in Bulgaria directly. This means that a lot of properties for sale in Bulgaria require limited liability company incorporation before you can proceed with a purchase. This law is likely to change in the near future to comply with EU legislation. 

Bulgaria Property Question : What is available on the market? Property in Bulgaria Answer : The majority people who are buying property in Bulgaria are looking for holiday/second homes often with a view to retirement in later years. 

Bulgaria Property Question : Are there any restrictions for foreigners? Property in Bulgaria Answer : According to the Bulgarian Constitution foreign individual persons can buy buildings but not land. Therefore the most common method for foreigners buying property in Bulgaria is to set up a company which then owns the land and the buildings. We expect the law to change within the short to medium term as Bulgaria opens its doors fully in line with its expected entry into the European Union (2007). 
Bulgaria Property Question : What is the legal treatment of foreign investors in Bulgaria? Property in Bulgaria Answer : -Equal rights for Bulgarian and foreign investors -Priority of those international agreements that guarantee more favorable conditions for carrying out business activities by foreign legal entities -Unlimited foreign participation in all types of business activity registered in Bulgaria. 
Bulgaria Property Question : Who and how can one obtain property rights over real estate in Bulgaria? Property in Bulgaria Answer : Foreign nationals and foreign legal entities may acquire ownership title over buildings and limited ownership rights over property in the Republic of Bulgaria.

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