Find Your Dream Vacation Home
Balkan Vacation Homes a safe and easy solution
We can help you to find the perfect vacation home to match your specific needs, whether you buy the property as an investment object, to rent it out, for own use, or for any combination of those motives.
Our business philosophy is that we provide an individualized service to our customer to ensure that the customer find the ideal vacation home that meets the specific wants and needs of the customer. To purchase real estate in Serbia, Macedonia or Bulgaria requires knowledge, creativity, experience and enthusiasm. We have most of those competences and where needed we team up with selected local experts to ensure that buying the property becomes a safe and hassle free process.
We are not only facilitating he sale of a property, we also
• Conduct a legal check of purchase agreements and other documents
• We adjust and negotiate the purchase contract in order to make it as beneficial as possible for the buyer.
• We check if there should be outstanding debt in the property, and if the legal conditions such as building permission, permission for use etc. are ok.
• We take care of the registration of all necessary documents for you.
• We do not charge any commission from the buyer and there are NO extra fees
In short we take care of everything needed from the first inquiry till you get the keys to the vacation home.
Why buy now?
The prices of real estate in the Balkan countries are very favorable compared with the rest of Europe, and even taken the local low price level into account they the lowest in this century. At the same time there is an increase in the demand for vacation homes in the Balkan countries and the prices are starting to raise and are expected to raise further in the coming years.
Inspecting the property.
In case you are interested in inspecting a property we can help you to organize an inspection trip on favorable conditions and as the first step we can arrange a virtual inspection so you do not need to invest in traveling before you are sure that the property really is something that has your interest.
Please do not hesitate to contact us for further information.
Below you can read about the specific process for buying properties in Bulgaria
Buying Properties in BG
If you are interested in viewing a property (Properties), we can organize your entire visit, from the moment you arrive in Bulgaria until the moment you leave the country. All you need to do is book your flights, and then tell us what you want to do and we will organize everything else for you. It is also possible to arrange a virtual viewing (we charge a fee of € for that).
Here a little more info about the procedure when you buy a property in Bulgaria
Then choose the date of your viewing trip to Bulgaria so you can see the properties you chose. We are always ready to help you organize your trip to Bulgaria. In Bulgaria you will be met by one of our colleagues who will organize your trip to the properties you wish to view, will answer all your questions and will help you choose.
The purchase process
After you have viewed the property and made your choice the purchase process starts. It consists of the following steps:
- Reserving the property and paying deposit
The chosen property needs to be reserved and taken off the market. After the property is selected, the buyer has to pay a deposit usually at 10 % of the value of the property. Only after that will the property be marked as reserved and no longer available for sale.
- Making a preliminary purchase agreement
After paying the deposit, we make a preliminary purchase agreement. The agreement outlines the basic conditions, which later will be copied to the Title Deed. The conditions include a description of the property, the price, conditions and terms of payment.
- Preparing the Title Deed
After signing the preliminary purchase agreement, we start to prepare the Title Deed, which is considered the legal document certifying the ownership of the property. The preparation also includes checking that there is no debt in the property and ensure all legal formalities are in order. (This process usually tales 15-30 days)
- Transferring ownership
The Title Deed is signed by the local notary in the presence of the buyer and the seller (or a person holding a power of attorney (POA) for any of the parties). The notary certifies the Title Deed and registers it with the Registry Agency.
There is a tax to the state at 2 – 3.5 % of the purchase price (depending on the location), that need to be paid for transferring ownership. At the time of the signing of the Title Deed the remaining amount for the property is paid via bank transfer.
- After transferring the ownership
The property owner will receive a card with a unique BULSTAT number (ID number) under which all issues related to the property will be accounted. Within a two-week period, our lawyers will also register the property and its owner (the company) in the tax office.
Annual tax on the property
After buying, a property in Bulgaria its owner must start paying annual property taxes. There are usually two property taxes to be paid: property tax and garbage collection, which are paid at the local municipality.
If the bought a property is in a gated complex the owner will usually also have to pay fees for security, maintenance, management, etc.
Renting the property out
Foreign property owners can also rent out their properties. Rental returns usually amount to 2-5% per annum. We can help you rent your property.