Reserving your property in Bulgaria

After you have made the decision to buy a certain property you need to place a deposit in order to reserve it. The deposit is 10% of the selling price (in some occasions it could be 20% or 30 %, depends on the vendors decision. Please note that our commission of 3% (or EUR 1000 whichever amount is greater) must be paid together with the reservation deposit and it is non-refundable, if you decide not to buy latter. If the vendor pulls out the deal, all the money paid will be fully refundable to your bank account. Upon receipt of cleared funds we will take the property off the market for a period of 30 days. During this period of time you need to start the purchase and pay the rest of the property price.

The reservation deposit of 10% is refunded when you complete on your purchase.
If the vendor pulls out of the deal the reservation deposit can be transferred to another property we sell, or if you decide not to buy then we will make a full refund of the money you have paid so far.

You can also reserve the property by paying a deposit equal to the full price. This amount will be treated as a reservation deposit and the reservation deposit terms will apply. Please see the previous paragraph.

Our practice shows that most of the Bulgarian properties are being sold very quickly due to the booming market in Bulgaria. If you find a property on our website that you really want to own, we recommend that you reserve that property by placing a deposit to secure it and arrange viewing later in order to avoid disappointment.

If you have not decided yet, you can see many properties (depends on how much time you have to spend in Bulgaria) in different regions of Bulgaria. Please note that we receive many properties for sale on a daily basis and we can always offer you something, which has not been published yet.

All deposit funds must be paid into our UK bank account:

HSBC
Bulgarian Property Advisors
Sort code 40-09-06
Acc. No. 51547674

or our Bulgarian bank account:

Bulgarian Properties Ltd
First Investment Bank - branch Veliko Tarnovo, Bulgaria
IBAN: BG22 FINV 9150 10EU R0K6 LP   
Swift Code (BIC): FINVBGSF
Address of the bank: 5 Bacho Kiro, 5000 Veliko Tarnovo, Bulgaria

We will not be responsible for deposits paid into a different account number!!!

The deposits paid into these bank accounts will be guaranteed by Bulgarian Property Advisors, HSBC, London and First Investment Bank, Bulgaria. This is the only way you can feel safe while buying a property in Bulgaria. When the time comes to pay the outstanding balance on the completion day (between 30 and 45 days after the reservation of the property) you will be asked to transfer the rest of the money in your company bank account in Bulgaria. Your representative in Bulgaria will withdraw the money and will pay it to the vendor in order to finalize the purchase hassle free.