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In an uncertain global economic climate, Bulgaria remains one of the most buoyant real estate markets thanks to the number of investors attracted by the many bargain Bulgarian properties on offer
Looking to Sell a Property in Sunny Beach, Bulgaria? Things you Should Know Sunny Beach, the resort north of Bourgas in Bulgaria, has long been regarded as one of the most popular of Bulgaria's tourism hot spots. If you're looking to sell a property in Sunny Beach, you're in a fortunate position compared to selling property in many other European destinations given this enduring popularity. Here are some things you should know if you want to sell a property in Sunny Beach.
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If you're looking to sell property in Bulgaria, there are some important facts you should know; one of the most important is how much the sale is going to cost you. There are four main costs associated with selling property in Bulgaria: The first is Council tax which is 0.1% of the purchase price paid for the property, a payment which takes place at the time of the transfer of the deeds to the property. The second is local tax which is levied at 2% of the purchase price and is the equivalent of UK stamp duty (it can be agreed that this cost is shared jointly between buyer and vendor). Third, there are the notary fees which are calculated from the tax valuation of the property. Finally, there are the solicitors' fees which will vary from firm to firm, so be sure to shop around to make sure you're not being over-charged.
Property sales in Bulgaria could be boosted by the fact that the country may become a eurozone destination as soon as 2013, according to a report by Novinite, the Sofia News Agency. In February of this year, Bulgarian prime minister Boiko Borissov met with the European parliament president Jerzy Buzek; a meeting that confirmed that Bulgaria would be welcomed into the eurozone and possibly in the next three years.
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