Golden Palm
The construction of a new apart-hotel in Golden Sands, unique for Bulgaria, is completed. The luxury complex with amazing design is located in the very center of the resort just 120 m away from the beach area and from the entertainment infrastructure of the resort. The buildings are built in a park area on an elevated position, which provides an excellent panoramic view of the sea and the hills.
Apart-hotel consists of eight sections, architecturally united into one building. You are offered furnished apartments with different layouts ranging from 42 sqm to 477 sqm.
Infrastructure: conference hall, underground parking, reception, outdoor and indoor swimming pools, spa, massage and cosmetic rooms, restaurants, beer baths, fitness, bowling, children's room, 24-hour security, satellite TV, Internet access, central air conditioning, all the services of a five-star hotel.
The complex is in the final stages of construction and will be commissioned at the end of 2012. The apartments are fully equipped for living. The price already includes sanitary ware, furniture for the hallway, living room, bedroom and kitchen, air conditioning.
Annual support fee - 10 Euro per sq.m. including VAT. An interest-free installment of up to one year is possible.
In Bulgaria a residence permit is typically issued based on a minimum investment threshold. Applications are reviewed within 30–60 days in Golden Sands; 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 Golden Sands 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 (77 567 $) 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 Golden Sands: due diligence (10–15 days), notarization (5–7 days), registration (10–14 days), residence permit (30–60 days, if needed).
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