Flat 56 м² in Burgas, Bulgaria

40 421 $

721 $ /м²

4OXYR

Flat 56m² in Bulgaria, Burgas. Priced at 35030€ rent photo-

Area

56 м²

Bedrooms

Residential building in the Izgrev neighborhood

We are pleased to present to your attention a new residential building, the construction of which is scheduled for March 2015. All apartments are offered with finishing.
The nine-storey building will be located in the Izgrev quarter of Burgas. There is a church nearby. An underground two-level parking lot will be built.
Construction completion: April 2017.
The popularity of Burgas is due to the high demand among Bulgarians and foreigners. In recent years it has been named the best city to live in Bulgaria and is developing quite actively. New establishments, entertainment and shopping centers are appearing, the infrastructure is improving.

Additional details

Property type

Residential Properties

Floor

Object type

Flat

Price

40 421 $

Location

By the Sea

Distance to key points, m

To sea 1000

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 (40 421 $) 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).