How to buy property in Bulgaria?

When a person has money - he carries them to the bank, and when a person has a lot of money - he starts to invest in profitable projects. Trend of recent years is the purchase of overseas real estate prices, which are slowly but surely go up. Foreign property attracts Russians unit cheap and nice status holder Overseas square meters. Indeed, the paradox: foreign real estate in most cases is cheaper than domestic counterparts. One of the most interesting areas are now areas in Bulgaria. Pros and cons Among the positive aspects of buying property in Bulgaria include: more affordable area, good for Bulgaria to the Russian low prices, a healthy climate, sea and mountains, low crime rate. Among the negative aspects: high transport costs, concern for overseas house, fixed costs of maintaining the property and its protection, significant spending on paperwork and taxes. About country Bulgaria became an independent state, when separated from the Ottoman Empire, September 22, 1908. Today is home to 7.2 million people. Of these, 85% - Orthodox, 12% of citizens are Muslim, the rest of Judaism and Protestantism. Bulgaria is a parliamentary republic, headed by the president. Here the development of agriculture, tobacco production and winemaking. The local currency is the lion, consisting of 100 stotinki. 1 Lev = 20 Russian rubles. The advantages of Bulgaria is a member of the European Union since 2007, and in 2011 becomes a party to the Schengen Agreement. Here, a low crime rate. The local population is good to Russian-speaking people, most of the inhabitants speak Russian and dream to visit this country. In addition, Russian is for Bulgarians good source of income. Due to low prices meets the needs of the spirit of the parties. Here is a nice landscape: the terms of forests, mountains, rivers, lakes and mineral springs. In shops and restaurants, low prices. Chip Bulgaria is a long holiday season: May to October swimming season opened here, and from January to May - skiing. The average annual temperature is 13 degrees Celsius, the climate is similar to the Mediterranean. Bulgaria is conveniently located - the flight from Moscow to Sofia, is only 2,5 hours. The country has a fairly good neighbors: Serbia, Romania, Turkey and Greece. And most importantly - property prices starting from 450 euros per square meter. One-bedroom apartment here is easy to buy for 35 thousand euros. Variation in prices on the internet are dozens of companies offering real estate in Bulgaria. It has everything: to suit different tastes and budgets. For example, you can buy a house in the village of Lozenets. Over 110 thousand euros you get home area of ??144 square meters, including three bedrooms and a bathroom (the price includes 200 sq m of land). From the terrace you can see the sea. It is interesting that for this amount can be seen in Moscow? At best, nobody Shvernik street or avenue of Dmitry Donskoy, which can acquire odnushku with an area not exceeding 38 sq m. It is possible to pick up a variant of apartments - a complex "Cote D'Azur, indoor swimming pool, shops, restaurant and fitness center. The path to the sea takes a few minutes. Here the housing will cost just 555 euros per square meter. Provision and luxury offers. Thus, over 175 thousand euros you become the owner of a two-story villa with an area of ??650 sq. m. to a big city of Varna is only 15 km and the Sea - 6 miles. Quiet and cozy place, created for a healthy life ... The company Virtus we were told that the favorite places for Russian are Sunny Beach, St. Vlas and Sozopl. Here, our citizens are willing to buy the property at an average price of EUR 800-1100 per square meter. How to buy? Buying property in Bulgaria can both legal and physical persons. The transaction is issued by a notary in the service area where the building. To purchase you need just one document - the passport. After assurances of the sales contract notary prepares a special act of the district court, which amends the state register of real estate. Prior to the transaction owner must provide the notary with extract from this roster of the lack of on-site every encumbrances. Becoming the owner of the real estate you must within two months to file a special declaration to the Tax Office. You still have to pay around 5.5% of taxes for property purchased - this will be a local tax, notary fees and fees for entry in the state register. Mortgage If you have a great source of income and can confirm it, the local banks are willing to give you a mortgage loan of up to 70% of property value. The rate is more forgiving than in Russia - from 8 to 12% per annum. Maximum amount - 500 thousand euros, deadline - 30 years. It is necessary to bear in mind that your annual income must be less than 10 thousand euros, and if you Muscovite - 20 thousand euro. You will need a substantial package of documents: the confirmed bank statements for the past six months, a reference 2-PIT, a contract to purchase property with as little as 30%, certified by a certificate of sources of income, in some cases - tax return for the previous year. Although Russian here, and love, but the documents must be translated into Bulgarian language. Provides for penalties. For delay in payment by 90 days, the bank may demand early repayment of a loan or increase the interest rate at 10% per annum. So, be careful and count their forces in advance. According to local features of the Constitution, foreign citizens can not become owners of the land. But coined out - this right has legal persons. Therefore it is advisable to open business here or use the services of intermediaries who will help create a formal small enterprise, which register the land on its balance sheet. Get ready to spend on a few thousand euros. Some agencies are going to be cunning and point size of the apartment along with part of the total area of ??the house (from 12 to 25% - includes stairs, hallways, elevators and space, etc.). To prevent this - always specify the specific parameters of real estate from the contact person. Taxes and communal ownership of property tax paid in the amount of 0,25% of its value each year (paid for inventory valuation). If you want to transfer ownership to another person would have to pay another 3%. There is also a tax on garbage collection, which is called "Danko estimates, calculated from the price of the property and transport development in the area where the property is located (in the elite areas it is 1%, and in provincial areas - 0.5%). In addition, local governments may impose extra charges. Rent is absent here. But if the house is served by the wipers and other technical staff, we have to pay for 3-15 euros per year for each meter of real estate. Will have to pay a considerable amount of counters for the provision of resources: 1 kWh of electricity will cost 0.1 euros per 1 cubic meter of water will have to pay about 0.5 euro. For a local phone subscription fee charged is comparable to the Russian index - 5 euros. Pay for all of this can your agent (who also need to pay). Visa not immediately notice that the possession of real estate is no guarantee of permission entry. To travel to Bulgaria you will need a visa. It can be obtained through a travel agency or in person at the visa center in Moscow, located at: ul. Timur Frunze, 11, p.7 (tel. 504-36-78 for inquiries). Turnaround ordinary visa is 4 working days to make urgent - need 2 days. Its price for Russian citizens is 35 euro (express twice as much). You will need the following documents: passport (until expiration must be more than three months), photocopy of the page with a photo, completed application form, a color photo 3,5 * 4,5 cm If you apply to the Visa Application Centre in person, You will be asked for transport tickets (or a copy of the information on reservation), medical insurance, confirmation of your reservation at the hotel, as well as a certificate of availability of sufficient funds for the trip (50 euros for each day I can be a certificate stating the salary or bank statement). If you become the owner of real estate, you can qualify for a one-year multivisa giving the right to stay in Bulgaria up to 180 days a year. After it expires you will have the opportunity to issue a two-year multivisa to stay in the country to 360 days for the period. But will have to wait holding the negotiation procedures, which will continue for more than 45 days. The dry residue Property in Bulgaria is available to all citizens who have the money for elementary 1-bedroom apartment in any city of Russia. Here, have a good rest and to correct health. However, there is a big minus - transportation costs. Flights there and back the next weekend will cost 20 thousand rubles. Suppose that in your family four people together and you'll fly there 4 times a year - goes 320 thousand rubles. And if this amount is multiplied by a few years? .. Obtained substantial money that is not covered with incomes in the case of rental housing at the time of your absence. Buy Property in Bulgaria is very profitable when you will move to permanent residence in this country. Since fall off unnecessary travel expenses and you without any stress can enjoy a quiet life in the mountains or on the Black Sea ...