Flat 50 м² in Burgas, Bulgaria

31 342 $

626 $ /м²

4OX38

Flat 50m² in Bulgaria, Burgas. Priced at 28014€ rent photo-

Area

50 м²

Bedrooms

Burgas

Burgas is the largest city on the southern Black Sea and the fourth most populated in Bulgaria. Burgas beaches are famous for dark sands with healing properties. The city is actively developing and ideal for year-round living in Bulgaria.

We offer apartments in a new complex near the seaside park in an area with a developed infrastructure (shops, restaurants, cafes, offices, children's and sports grounds, gardens and schools) and an excellent transport interchange.

The deadline is 01.12.2012

Additional details

Property type

Residential Properties

Floor

Object type

Flat

Price

31 342 $

Location

By the Sea

Distance to key points, m

To sea 300

FAQ

In Bulgaria a residence permit is typically issued based on a minimum investment threshold. Applications are reviewed within 30–60 days in Burgas; you will need a passport, proof of funds, and the ownership documents. Hatamatata helps prepare and submit the paperwork.

Banks in Bulgaria finance 50–70% of the property value for non-residents with rates of 3–5% for 20–30 years. A life insurance policy and a 30–40% down payment are usually required. Terms and programs vary by city and bank.

Expected expenses: transfer tax 0–15%, registration 0.5–2%, notary 0.5–1.5%, agent commission 0–3%. In total 2–20% on top of the purchase price. Exact rates depend on region, property type and programs.

A title search at the land registry of Bulgaria takes 10–15 business days. You receive ownership, encumbrance and tax clearance certificates. Documents are translated and reviewed by a lawyer before signing.

Yes. Rental income tax is 5–25% depending on the regime. In Burgas short-term tourist rentals typically yield 5–8% per year. Municipal permission and income registration are usually required.

Yes. An inspection costs about 0.5–1% of the price (31 342 $) and covers structure, utilities and legal status. Hatamatata arranges a qualified engineer with an EN/RU report.

A typical transaction runs 30–90 days, averaging 45 in Burgas: due diligence (10–15 days), notarization (5–7 days), registration (10–14 days), residence permit (30–60 days, if needed).