Once I pay my booking deposit, when do I pay the balancing payments?

Once you have paid your booking deposit:

Single Payment Option (5% discount on quoted prices)

• Booking deposit of €3,000
• 100% (less €3,000) payment on signing preliminary contract

Quarterly Payment Option

• Booking deposit of €3,000
• First 25% (less €3,000) payment on signing of preliminary contract
• 3 quarterly payments of 25% thereafter

What additional costs are there?

• Transfer tax - 2% (stamp duty)
• Notary fee (approx) - 0.5 %
• Registration fee - 0.1 %
• Independent legal advise/Solicitor €400 approx. (Advised but optional)
• POA & Admin Charge (Optional) - .5%

These fees are charged on the value on the apartment and are subject to change.

What is the maintenance fee?

The fee is €8 per square meters owned. The fee is calculated by multiplying the number of square meters of built up area plus common area you are purchasing by €8.

Does the price of the apartments include VAT?

Yes. VAT is included in the price. The rate of VAT on apartments in Bulgaria is 20%.

Am I required to set up a Limited Company?

No. As you are purchasing an apartment and not land, you are not required to set up a Limited Company.

Disclaimer

Important please note: receipt of these particulars do not form part of any contract and are for guidance only. Drawings and maps are for illustration purposes and are not drawn to scale. Intending purchasers must satisfy themselves as to the accuracy of the details given to them. Offers are subject to contract/contract denied.