We can save you money! Get Free Company Registration NOW!
We can save you 600 Euros!
Excel Property announces a Spring PROMOTION – FREE COMPANY REGISTRATION!
According to the Bulgarian law foreign citizens who wish to buy a property with land in Bulgaria should set up a limited company in the country and make the purchase through it.
NOW Excel Property offers you to take an advantage of this promotion and save 600 euros for company formation. All of our clients who start property purchase process during the period 1 March – 31 May 2009 will have a regular limited liability company registered in Bulgaria. We will save you 600 Euros for the company registration. On the name of your company you can purchase more than one property.
And we will even do more – we will be happy to give you a discount for second and further purchases or pay you a commission for introducing us a friend who purchased a property with us.
Here are some houses worth to buy:
Three bedroom house in Elhovo area. The house is located in a nice village not far from Elhovo town. On the first floor of the house there are 3 rooms and a corridor. On the ground floor there is one more room and a corridor.
Price: 5 850 EUR. Read more
Four bedroom house in Topolovgrad area.
The house comprises of kitchen, living-room, bedroom, storage room, bathroom and terrace on the first floor, two bedrooms, one small bedroom and small hall on the second floor. The house has lovely views and vines in the garden. There are also some farm buildings and garage.
Price: 12 900 EUR. Read more
A house with 4 bedrooms in Elhovo area. This two – storey house has 120 sq.m. total bult-up area. On the first floor there are two big rooms and on the second floor are located four rooms and a hall. The garden is 1530 sq.m. big with many fruit trees. There is an additional outbuilding. It is a typical Bulgarian house and with some renovation you can keep its character.
Price: 8 800 EUR. Read more
Frequently Asked Questions about purchasing and staying in Bulgaria
Are there any restrictions for foreigners?
According to the Bulgarian law, foreigners can buy buildings in Bulgaria but not land. Therefore if you want to buy a property with a piece of land you should establish a company. You will be allowed to own the land and the building on the name of your company. We will assist you in the entire process from start to finish.
Will we get ownership documents for the property?
Yes, you will have title deeds in your name, or if you are buying through a company, your company name.
Do we need a visa to travel to Bulgaria and how long can we stay?
EU citizens do not require a visa in order to visit Bulgaria and can stay in Bulgaria for 90 days in any 6 months.
Is it possible to buy without coming to Bulgaria?
Yes, this is possible, but not always so straight forward. You will have to get documents signed and stamped in the UK. It is often easier and quicker to come to Bulgaria for a couple of days and sort everything out here. Plus, you will be able to see the property.
What if we want to have renovations?
No problem! We can provide you a team of professional builders who would do whatever you require.
Can we use our credit and debit cards when we come?
In the bigger towns, you can use your cards, but still only in the larger shops. All the hotels will accept cards, and all the major petrol stations, but in general most other transactions are carried out in cash.
Marina Dinevi – a place for relaxation & crazy summer life
Saint Vlas is situated at the foot of the Balkan mountain surrounded by picturesque nature and beach line of total length of 1,5 kilometers. For the last few years Saint Vlas has become a very popular touristic area and is attracting more and more investors. In 2007 the small town made a big step forward with the opening of the modern yacht port Marina Dinevi.
Port Marina Dinevi is a unique yacht port at the Black Sea. It has capacity of around 300 boats. The situation of the port, its construction technology and especially the services, rank Marina Dinevi among the most elite yacht facilities in the world.
Besides luxury marine facility, the yacht port managed for a short period of time to become a favorite place for recreation and entertainment for many people.
Let me describe to you how it looks in the daytime! From early morning the attractive beaches on both sides of the port are full of interesting people who have come to enjoy the sun and sea. It is really crowded and by lunchtime is almost impossible to find a place under an umbrella.
At sunset, when all sun-lovers withdraw for a rest, start hectic preparations for the nightlife. Since the opening of the yacht complex, its restaurants and bars have turned into real hot spot amongst nightlife lovers. There is something for everyone – romantic restaurants with different types of cuisine, elegant piano bars and ultra modern night clubs. Here you can also meet a lot of Bulgarian celebrities, attracted by the gloss and charm of Marina Dinevi. Party is at its height until early morning, when Marina Dinevi turns again into a place for relaxation.
For people who come here on foot the port is fun and beaches, but we must not forget that it is at first place a very reliable and convenient moorage for all who come by sea.
As a modern yacht complex, The Marina offers excellent conditions for stay and residing of yachts. Usage of electricity, water, cable television and Internet are only part of the offered package of services related to the exploitation and the maintenance of the yachts. Besides the luxury hotel Marina Dinevi offers to its visitors a medical center, business building containing offices for the port as well as: Customs, Border Police, Port Administration, halls for business meetings and press conferences.
Each year in the Marina a lot of business, sport and entertainment event take place, the most important of which are the Yacht exhibition Marina Dinevi, the International Regatta Evolution cup, a stage of the Regatta Port Bourgas, first edition of the regatta of the secondary sea schools in Bulgarian. The end of season 2007 was celebrated with a show performance of the actors from the travelling theater – ship Amara Ziy – Canada.
Marina Dinevi is the place where you can relax, enjoy the crazy summer life and why not buy a yacht and chase the sunset!!!
Excel agency were asked to sell my apartment
The apartment that was sold
Excel agency were asked to sell my apartment in Sofia. I am resident UK, all the necessary valuations were done and the sale progressed at every step exactly as promised. In addition the agency worked closely with my lawyer and all necessary paperwork and translations were done speedily. The best way I can recommend this company is to use them again and they have now been instructed to sell some garages for me.
Anna Blair.
Renovation and repair services
Before and After the renovation
EXCEL PROPERTY is proud that can provide high quality renovation service at reasonable prices from local builders. If required we can help you with plumber, electrician, house-painter, etc.
We are currently serving the areas near Berkovitsa, Sofia and Elhovo towns, Bulgaria.
We will be happy to hear from you how we can help you. We’ll do our best to give you fresh ideas to turn your home into a nice and cosy place. We can make new walls or knock down ones in order to open space, install bathrooms, fireplaces, repair roofs, and so on. Just give us a rough idea and let our imagination continue. We’ll give you accurate, affordable pricing, we’ll take care of every step of the repair works while you are somewhere else.
We guarantee that the work will be done in high quality. No matter how big or small your project is – just an extension or total property renovation – contact us. We’ll not let you down.
Berkovitsa – all seasons charming town
The mountain near Berkovitsa is a splendid place for tourism, sport and recreation due to the beauty of the nature. Only 15 km from the town at more than 1500 m above sea level there is there is a small complex hugged in the forest. The Kom Peak which is at 2016 m above sea level is not far and you can reach it by walk for approx.4 hours.
Why do I admire this area?
If I go there is summer time to escape from the boiling whether and dust of the capital city (where I live) I can enjoy the calmness of the forest greenery, listen to the silence and breathe, breathe and breathe – deep and long. You can’t imagine how fresh the air is.
When was the last time you went in the forest to pick forest fruits? And did you find any? You should try near Berkovitsa. There is plenty of forest strawberries, raspberries, blackberries, blueberries, mushrooms (be careful with the mushrooms and don’t pick them if you don’t know their poisonous twins).
As for the winter season, I could tell you a lot because I like to ski and this place is one of the places in Bulgaria which is not crowded, the prices for the ski facilities are still reasonable and you can really enjoy your winter holydays.
On the opposite direction – from Berkovitsa toward Montana town there are several lakes where you can go fishing. There are also places for hunting and many places with hot water mineral springs where people go to bath and to cure some skin and bone diseases.
May be the reasons above plus the closeness to the capital (only 89 km) made the area attractive for property hunters. There are many foreigners that own rural properties there. We also notice a significant increasing interest from Bulgarians who want to purchase rural properties in this area – some to remove and retire, others to use as holiday homes.
Top 10 reasons for living on the Bulgarian Black Sea coast
Why Bulgaria?
The cost of Bulgarian properties is one of the lowest in Europe, though properties’ quality is not lower than it is in other countries. So, it’s not surprising that there is still interest in local real estates from buyers from UK, Israel, Russia, Germany, etc. Furthermore, as Bulgaria has joined the European Union in 2007, rules governing the real estate market are being altered in order to ease international buyers. The prices of the seaside apartments are decreased at this current moment influenced by the world financial crises. Now is the time to invest in real estates because Bulgaria remains an attractive tourist destination.
Bulgaria is rich in history, art and architecture. Bulgaria’s charming countryside is also very attractive, combining mountain and sea resorts, old towns and mild climate attracts people all over the year, thus turning Bulgaria into one of the best places for holiday and retirement. The cost of living is also surprisingly low.
Living on the Black Sea
If you are bored of ordinary life in the city you should consider living in Bulgaria. We will help you with our Top Ten reasons for living on the Black Sea coast of Bulgaria.
- The weather. You can enjoy four lovely and tender seasons in Bulgaria. Beautiful blooming spring, dry and hot summer, long and pleasant autumn, and mild winter with lots of opportunity for skiing. Always lit by the sun Bulgaria has between 2200 and 2500 hours of sunlight per year. Average temperature (April – September): + 23 °C. The average yearly temperature is 14.7 °C.
- The beaches. Bulgaria is famous for its nice sandy beaches, which can vary from lively and sports-facilitated beach stripes to calm and beautiful campsites. The total length of the beach line is 380km, which definitely means that there should be some space for you.
- The attractions. It may have sounded like a passive type of vacation, but there are also a lot of places for those who prefer the action. Along the coast there are some of the most famous beach resorts in Europe. There you can chose between nice restaurants, beach bars, crazy night clubs and etc…
- The kids enjoy it. What about the kids, will they have fun? Enjoy the summer attractions for every age like the numerous aqua parks or take them out for an exciting safari in the Bulgarian outback. The waters of the Black Sea are calm and without strong tides, making them ideal for children as well.
- The culture. For thirteen centuries, Bulgaria – the cradle of Slav culture, the land of Orpheus and Spartacus has given the world men of great achievements, mysterious Thracian treasures and burial tombs, magnificent frescos and many brilliant examples of ancient applied arts. Along the coast you can see many of the interesting sights like the Aladzha rock monastery, the historic architecture of Nessebar and old Thracian Tombs.
- For travelers. Another advantage of the Bulgarian coast is its closeness to Turkey, Romania, and Greece. Bulgaria has always been a cross road and you can make a cheap excursion for a day or two and see totally different culture. If you love the sea you can also sail to Turkey, Romania and Ukraine, which won’t cost you much neither.
- Cheap, fast flights. The availability of cheap flights to Bulgaria has made it easy for forward-thinking travellers to make the most of this emerging hotspot. Low-cost companies are flying to Sofia, Varna and Bourgas.
- Be healthier. Bulgaria is famous for its eco fruits and vegetables grown in the sun and for its clean air. The nice weather itself makes you go out, be active and just enjoy the life.
- Be happier. Life on the seaside coast is slow and easy going. People are smiling and everyone is having fun. There is some magic in the air or in the water that makes you happier!
- Cheap, cheap properties. You still have some time to catch the low prices of properties. Although Bulgaria has joined the EU in 2007 and prices have started to increase slowly, they still have a long way to reach the normal prices of properties in the rest of Europe. The last few months, because of the world recession, you can make a real bargain and have a beautiful sunny home with wonderful price!
How to buy a property in Bulgaria
Buying property in Bulgaria as a foreigner is not as straightforward as it is in some other markets. Non-Bulgarians cannot own land in the country directly; according to the Bulgarian Constitution and Legislation foreign persons currently are prohibited from owning land and can acquire only buildings but not land on which the buildings are built. This means that for almost all purchases a buyer must first set up a limited liability company in whose name the purchase may be made.
This process is actually less complicated than it sounds; companies can be set up and registered at a total cost of € 600 (including registration with the National Tax Registry, the Companies Register, the Social Security Institute and the lawyer’s fee). The preferred form for business is Limited Liability Company /OOD/. In this case the capital is shared by company’s members whose liability is limited to the amount of the capital subscribed. The owner of the company is required to set up a bank account (for a nominal fee) and place a deposit (the minimum foundation capital) of approximately € 2600, refundable once the company becomes a legal entity. The process of incorporating a company takes about a week or two to be completed.
A Ltd Company can own more than one property, so investors who aim multiple purchases will be relieved to learn that the process only needs to be endured once.
During the time of establishing the company a preliminary contract for purchasing a property can be signed if the buyer has already chosen it. Buyers of overseas properties are often advised to hire a local lawyer who speaks the language to make the full check ups of the property. When signing the preliminary contract the deposit payable is usually 10 % of the price but could be less or more depending on the negotiations with the seller. The solicitor will check the title documents, building permissions, debts on title, will make sure that the vendor is the legal owner of the property and has the right to sell and prepare the preliminary contract. The solicitors charge approx. € 300 for that service.
After everything was checked by the lawyer and once satisfied with the result the buyer can finalize the deal by paying the balance of the purchase price, along with a combined land tax and notary fee. In Bulgaria, all property transactions are concluded in the presence of local government officials called Notaries. They use a standardized contract in which they incorporate the details of seller, buyer and the property. They are also responsible for calculating the value of the property for tax purposes and ensuring that the relevant taxes have been paid before title can pass. The sum for taxes is dependant on the declared value of the property. The value can – and often does – differ from the purchase price and can be a lot less than the price given on the contract. So, the taxes vary between 3 and 4% of the evaluation price.
Last but not less important for you to know is that we need your presence here at the beginning. After you sign the documents for the company formation you can also sign a power of attorney to one of us or to a lawyer to do all the necessary actions afterwards in order to purchase the property on your behalf. This way it will not be mandatory to come again in Bulgaria to finalize the deal.
As a summery we can point the steps as follows:
- Visit www.excelproperty.biz and browse. Send an enquiry. An agent will contact you.
- When you are completely satisfied with the information provided and have already chosen few properties book a viewing trip.
- After deciding which property to buy, if the property comes with a piece of land, Excel Property will start the procedure of forming a company for you.
- Pay a deposit to secure your new home.
- Detailed checks on the property.
- Final payment for the property in front of a Notary.
- You or your company is the owner of the property.
From this point on it is your duty to have wonderful time in your new dream home.
Efficient support service
Feb 17th, 2009 Posted by Eli in Customer comments
Hi Trendy, I would just like to put on record my sincere thanks for all your support in the purchase of my apartment property in Sunny Beach. Bulgaria. You have been my personal contact throughout the process of buying a property in Bulgaria, right from our first meeting on the inspection trip. Since that day you have always displayed great honesty and been very professional in your approach. You have always carried out your duties in a timely fashion and been at hand when I needed things clarifying. I would also like to extend my thanks to the office staff who provide such an efficient support service. I believe, that through this whole process that I have made a great friend and I look forward to seeing you again soon….for a cold beer in Sunny Beach !
Best Regards, Stewart Watson, Oxfordshire. England.
Add Comment 1 Comment , Last by Tony and Jane Morelli