apartment for sale in Polaris Golf Resort

The Complex is with a spread out built up area from 4 314 sq.m. and will be built on a plot with an area of 2 700 sq.m.
The Building will be guarded night and day and will be equipped with an elvator, reception desk, lobby bar, restaurant, stores, fitness hall, indoor swimming pool, jacuzzi, vapour bath.

Disposition

Entrance hall, open plan living  room with kitchen box, one bedroom with balcony, bathroom together with WC.

Standard of finish

The apartments will be completed in a luxury mode, with and outer thermal insulation, german PVC - joinery, terracotta, sanitary faience, laminated parquet, shower cabin, boiler, air condtioning for each apartment and adapted to be used all the year round.

Property maintenance and managment

The investor of the building, for the sum of 8 euro per sq.m. per year holds up the guard and the hygiene of the common parts of the whole complex. If the client wishes after the conclusion of the building the investor can offer a contract with a tour agency for a rent of the private estate. The annual rent from the estate will be about 8 % .

Method of payment:

10 % from the purchase price - earnest on the day of signing the contract
- 40 % upon reaching ground level

There are possibilities for individual schedules of payment of the last 50 %

All units are for sale with no commission for the buyer

The agency charges EUR 400 / VAT excluded/ for attendance at the transaction.

Construction type: Brick

Year of construction: 2007 Year

Stage of construction: foundation level

Completion date: 07.2010

Heating: Convection radiators

Exposure: South

Number of bathrooms: 1

Balconies: 1

:

Joinery: German PVC casement windows

• New development
• Mortgage
• Elevator
• Security

Agent's valuation of the offer Excellent!

See the project

Acquisition of land by foreign citizens and foreign legal entities in Bulgaria after 01.01.2007

According to the commitments of Bulgaria made in the process of European integration in Art.22 of the Constitution, changes have been made to harmonize Bulgarian legislation with the law of the European Union. According to these changes, foreigners and foreign legal entities can acquire ownership of land in the following cases:

I. as provided in the terms and conditions of the Accession Treaty of the Republic of Bulgaria to the European Union;

II. by virtue of an international treaty, ratified, promulgated and entered into force for the Republic of Bulgaria;

III. through inheritance by law.

I. The legal framework related to the acquisition of land is outlined in Attachment VI, Section 3, Clause 1 Free movement of capital of the Accession Treaty. According to this Attachment, foreign citizens of the member-states of the EU or the European Economic Community (EEC), as well as foreign legal entities established in accordance with the legislation of a member-state or a state consituting a party to the EEC Agreement, who are legally staying in Bulgaria from 01.01.2007, can acquire ownership of land for a second home according to the rules of land acquisition applying to Bulgarian citizens. A legal definition of the term "second home" is given in the Amendment and Supplement Bill to the Ownership Act, where it is written that a "second home" is the one different from the main home one possesses in any of the EU member-states.
According to the norm, all limitations to citizens of the EU and EEC member-states who are permanently staying in Bulgaria are no longer valid. A definition of the term "permanently staying" is given in the newly adopted Act on entering, staying and leaving the Republic of Bulgaria by EU citizens and members of their families /State Gazette, Issue 80 of 03.10.2006/.
For citizens or legal entities who are not permanently staying in Bulgaria, limitations to the acquisition of land for a second home are introduced, i.e. they shall be limited as to this right. The time period of this limitation is 5 years, i.e. up to 2012.
As regards the acquisition of ownership of agricultural land and forests, Attachment VI, Section 3, Clause 2 introduces a 7-year limitation period, in which citizens of the EU and legal entities, established in EU member-states cannot acquire such land. This, however, does not apply to "independently employed agricultural producers who are citizens of another member-state, and who wish to settle and stay legally in Bulgaria".
Bulgaria has the right, irrespective of the time periods specified above, to make a general review of these transitional measures in the third year from the EU accession, i.e. in 2010. In view of this aim, the Commission shall present a report before the Council. The Council can vote unanimously by proposal of the Commission to shorten or to lift altogether the transitional periods of 5 and 7 years respectively.
In connection with these changes, there are amendments to the Forestry Act, Protected Areas Act, Agricultural Land Ownership and Use Act, and the Act on Restoration of Ownership over Forests and Land in the Forestry Reserve Act being prepared as well.
See also
http://www.parliament.bg/?page=home&lng=en&r=n

II. The issue of acquisition of land by foreign citizens and foreign legal entities established according to the legislation of a state which is not a member of either EU or the EEC is referred to in the second hypothesis of Art. 22 of the Constitution. Such citizens and legal entities can acquire ownership of land by virtue of an international treaty, ratified, promulgated and entered into force for the Republic of Bulgaria. This regulation is valid as of 01.01.2007 and there is no hypothesis for amendment within a certain time period.

III. In the old Art.22 there was an obligation for foreigners, who have acquired land by inheritance, to alienate it within 3 years of the acquisition. This text has already been cancelled. The regulation, however, still exists in Art.29, para.2 of the Ownership Act. This limitation is planned to be cancelled with the changes in the Ownership Act, and thus a restriction will remain only in relation to the acquisition of agricultural land and forests.