Varna South Bay'.
The most exciting, modern, luxury project on the Bulgarian Black Sea coast just 5 km from the center of Varna and 20 minutes drive from the airport. The majestic building is located by the beach just south of the city center. This is one of the first complexes in Bulgaria, which is not inferior in quality of construction and design to the world standards. All apartments have terraces, 80% of which have sea panoramas. The terraces of the penthouses are equipped with built-in Jacuzzi.
The complex consists of 420 co-owned apartments with a total area of 39,601 square meters, excluding retail space, underground parking and garages. It is being constructed as a reinforced concrete beamless monolith with inter-apartment walls made of gypsum board and brick exterior walls. The external walls are thermally insulated. The building is faced with colored plaster with mineral filler.
Infrastructure:
Characteristics of apartments:
The walls are plastered, painted with emulsion paint. Bathrooms are fully finished, equipped with sanitary ware, ceramic tiled and with installed lighting fixtures. Flooring: hallway - tile; bedrooms and living rooms - laminate; bathrooms and toilets - tile on the floor and on the walls to the ceiling. Entrance doors fireproof with secret lock; interior doors laminated. Air conditioning is a "multi-split" direct evaporative cooling system. The kitchen is equipped with refrigerator, electric stove with oven, wall cabinets, extractor hood.
For your convenience we offer payment in installments.
Deposit - 1000 Euros
1st installment (60%) - within one month after signing the preliminary contract
2nd installment (30%) - within 4 months after signing the contract
3rd installment (10%) - after receipt of the act 16.
The complex is fully completed and has been in operation since August 2016.
In Bulgaria a residence permit is typically issued based on a minimum investment threshold. Applications are reviewed within 30–60 days in Varna; 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 Varna 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 (87 350 $) 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 Varna: due diligence (10–15 days), notarization (5–7 days), registration (10–14 days), residence permit (30–60 days, if needed).
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