Bulgaria has long been a summer tourist destination, as well as offering popular winter resorts. Generally summers are longer and warmer (and guaranteed) whilst the winters are shorter but can be more severe. The Black Sea coast is less cold in the winter and rarely sees snow. For 5 months (May – September) average temperatures are 25 degrees Celsius and often above in the peak summer period.
With Bulgaria’s entry into the EU in 2007, Bulgaria’s visa requirements have been upgraded to meet EU requirements. Basically, entry into Bulgaria is now as (relatively) simple as entry into any EU Member State.
It’s not possible to compare living costs in Bulgaria and Western Europe. Living costs in Bulgaria are extremely low! For example the food is generally twice cheaper than UK. House insurance is between 50 and 100 British Pounds per year depending on the type of house, together with the belongings and furniture inside. The gas system network is not developed in Bulgaria yet. People here mostly use electricity to cook. For heating there are central and local heating systems in the big cities. In the smaller places people use charcoal and wood, which are an even cheaper way to heat a house. Monthly costs for a 2-bedroom apartment around 100 British Pounds. For electricity, when used for cooking, light and hot water one pays about 20 British Pounds monthly.
Bulgaria is well connected with other countries. Major airports are Sofia International Airport in the capital Sofia and Burgas International Airport in Sunny Beach . Varna International Airport is also very popular among those visiting the country. Another popular option in flying into the International Airport of Bucharest (Romania), which is approximately 50 miles away from the city of Ruse Bulgaria, where our office is based. The costs of flights are usually low due to the increased demand in the past years. A good travel agent will help you to select the best available flight to suit your time schedule.
The Bulgarian coastline is 354 km (220 m) long of which more than 200 km (125 m) is sandy beach.
The population of Bulgaria is 7,06 million according to the 2018 national census. The majority of the population reside in urban areas; approximately one-sixth of the total population is concentrated in Sofia. Bulgarian is the only language with official status and native for 85.2 per cent of the population.
Bulgarian Orthodox 82.6%, Muslim 12.2%, Roman Catholic 1.7%, Jewish 0.1%, Protestant, Gregorian-Armenian, and other 3.4%.
Bulgaria is situated in the south-east of Europe on the eastern part of the Balkan Peninsula. From the point of view of its physical geography, the country is on the borders of the temperate and Mediterranean zones of Europe, which determine the transitional character of its natural conditions i.e. climate, hydrology, biogeography etc. The influences of the continental temperate and Mediterranean climates can be felt simultaneously. The majority of the soil types found in the world and listed according to the FAO system (1988) can be found in Bulgaria. Despite the small dimensions of Bulgaria’s territory, the flora and fauna are rich and include more than 12,000 plant species and approximately 13,500 animal species.
The currency is Bulgarian Lev (BGN), however since Bulgaria has become a member of the European Union, the Lev is expected to be replaced by the Euro within the next few years.
Tourism in Bulgaria is a significant contributor to the country’s economy. Situated at the crossroads of the East and West, Bulgaria has been home to many civilizations – Thracians, Romans, Byzantines, Slavs, Proto-Bulgarians, and Ottomans. The country is rich in tourist sights and historical artifacts, scattered through a relatively small and easily accessible territory. As a traditional holiday destination, Bulgaria has a variety of attractions to offer visitors including some of the most unspoilt countryside in Europe in contrast to other more famous European destinations. Bulgaria is internationally known for its seaside and winter resorts.
EU citizens or citizens of EEA countries are allowed to purchase regulated land and the buildings on it in Bulgaria on their physical name. Foreign Citizens of all other nationalities can buy a property in Bulgaria only through setting up a company. We at Mowlem take care of all details regarding your company registration.
We form new limited companies (LTD type) according to customer requirements. Once applied for, it takes just a few working days for your company to be ready. Our services include all the necessary additional filings and registrations, including registration with the Bulgarian Tax Authorities, so that the newly-formed company is ready to trade.
The initial capital required by law has been cut from 5,000 BGN to only 2 BGN. You can choose any name to denote and distinguish your business, provided that it is available (not already used by someone else). To avoid delays, we normally ask you to provide us with two other alternative names. A Bulgarian limited company may have a single shareholder, who may also be its sole representative and manager (director). The company may be seated in any city or resident location in Bulgaria. Its subsequent management address may differ from the registered address.
Generally it will take from 1 to 3 weeks to buy a property. This is dependent on a number of factors, not all of which are in your control. The terms and conditions of the sale can be negotiated very quickly, but possible delays can be caused due to the waiting of institutions which are involved in the process. Once documents are checked and Preliminary Contract is exchanged, the sale will take place in front of a Notary at an agreed date and time. Our team are on stand by and can help you sort out everything related to your purchase.
No! The viewing trip is free of charge provided it’s for viewing any of the properties we offer. In order to guarantee we will be available, it’s advisable to book the viewing trip some time in advance and not in the last minute.
Yes! Just inform us the details of your arrival and departure and a taxi will drive you from/to any airport in Bulgaria or Bucharest to/from the hotel you will stay (fee). We can recommend you a cheap or a luxury hotel, depending on your budget, and we will take care of the booking for you.
The answer is “NO”.
In order to reserve a property a non-refundable deposit must be paid to guarantee that the property will no longer be available on the market and not sold to third parties.
The prices of the properties offered by “Mowlem” Ltd DO NOT include Notary and Governmental fees. These fees must be paid by the purchaser at the closure of the deal. For more information please contact our office.
Yes. If you cannot come for any reason, a Power of Attorney (POA) will be drawn up so we can legally represent you from beginning to the completion of your deal. This is a very common method nowadays due to the dynamic and hectic lives of our clients. It is part of our services offered and you won’t be charged for that.
You may receive the Notary Act by post or collect it personally from our office. They are normally ready a few days after the completion of the deal.
We have a professional team of builders who will visit your property, take notes of the work you require and give you an estimation of cost, including material, travel expenses and labour, according to your budget.
The Pay Monthly plan requires an initial non-refundable deposit in order to reserve th
