In Depth Articles
In addition to the purchase price of the property itself you also need to allow for various other costs. Here is a guide to the costs and taxes involved when buying property in Bulgaria. Firstly, property prices may or may not be quoted inclusive of agency commission, so check that out beforehand to make sure you know in advance if the agency fee is included, if not, budget for this. There are a variety of fees and taxes payable when you buy property in Bulgaria which vary according to the price.
Buying Costs
In addition to the purchase price of the property itself you also need to allow for various other costs. Here is a guide to the costs and taxes involved when buying property in Bulgaria. Firstly, property prices may or may not be quoted inclusive of agency commission, so check that out beforehand to make sure you know in advance if the agency fee is included, if not, budget for this. There are a variety of fees and taxes payable when you buy property in Bulgaria which vary according to the price.
A Bulgarian Education
A few years ago it was unusual for British families to move to Bulgaria and enrol their children into the Bulgarian state education system. However, today having a British child in the classroom is no longer a rare phenomenon and most schools have at least one "Anglichan." Ask any expat with kids in the Bulgarian school system what they think of the education here compared to the one their child received back in the UK and you may be surprised at their answer - Bulgaria offers a good education for children of all ages compared to that on offer back home.
Autumn - A Season Of Rentals
Traditionally, the beginning of August sees a more dynamic rental market in the big cities and university centers in Bulgaria which is a result of the students looking for a home for the new academic year. This year is not an exception to the rule and since August we have been witnessing an increase in the demand for apartments for rent in the big cities by students, mainly in the city of Sofia.
The Latest Amendment Of The Act On Management Of Apartment Ownership - August 2011
On 26th July 2011, with State Gazette No. 57/2011, significant changes (by number and importance) in the Act on the Management of Condominium Ownership (herein after the Act) have been promulgated. The official main idea of the legislator was to simplify some procedures (like the calling of the General Assembly (hereinafter the GA) and the registration of the Owners Association), to clarify some badly composed provisions which were bringing misunderstanding and uneven application of the law (like the rules imposing obligations of condominium owners to pay for the various maintenance and management costs) and as a final goal - to make the law practically working and not frustrated by excessively complicated or unachievable requirements.
Setting Up Your Own Business In Bulgaria
Being a foreigner in Bulgaria is not such a scary word anymore which means that setting up a business here will not be mission impossible anymore. Since the country joined the EU in 2007, the government works hard to equalize the Bulgarian legislation with the European. There are few disadvantages in moving or starting your business here but also there are many advantages that we will mainly emphasize on in this article.
Analysis of the Bulgarian Property Market 2Q 2011
In contrast to 2010, when property prices dropped by about 10%, in 2011 we are witnessing an average decrease of 5% in the prices of different property types. The good news in the last few months
Legal Procedures For Obtaining A Tax Evaluation Certificate
Every property owner has the right to claim a Tax evaluation certificate when transferring the possession of a real estate under art.264, paragraph 1 of the Tax insurance procedure code.
Tips On Long Term Rentals
When considering purchasing in Bulgaria there are many people who would love to spend a month or
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