A single family house for sale

The complex consists of 6 houses situated in 2 decares surface and is 300 m. away from "Sandanski" inter hotel. Each of the houses has its own garage. Electricity, water supply, sewerage system and central heating will be installed.

Disposition:

First floor : an antechamber-4.30 sq.m, a room for the security with snitary unit-6.91 sq.m, a living room 19.25 sq.m, one balcony of 9.50 sq.m

Second floor : A dining room with kitchen box -20.17 ; a storage room of 8.40 sq.m; a laundry room of 5.40 sq.m

Third floor: A bedroom -9.67 sq.m; second bedroom of 12.34 sq.m ( both bedrooms are with adjoining bedrooms), a hanging closet of 7.05

sq.m

The house is for sale with plastered walls and cemented floors.

For an extra coast the houses can bed furnished and finished.

Garage: 15.93 sq.m

Accents

• Year-round occupation
• Possibility for property management
• Mediterranean climate
• In close proximity of a beautiful forest
• Each house goes with a garage

The offered price is VAT included !

Individual payment plan !

We, Mirela Real Estate Agency always strive at making the process of finding and buying property as easy as possible for our clients, that is why we offer a number of services, some of which are directed especially to our foreign clients. If you are a foreigner and wish to buy or rent property, you shouldn't miss the opportunity of having full use of the services by our teams of professionals in the sphere of real estate. They will provide you with helpful service, taking into consideration all the details, as well as legal assistance during the whole process of buying or renting property in Bulgaria. This includes solicitors assistance, full checks of the approved property for encumbrances /mortgages, restraints, statements of claims, established real rights/, preparing all relevant and necessary contracts and paperwork. We are also ready to organize your welcome and stay in Bulgaria, as well as accommodation in a hotel of your own choice, visiting the properties that may interest you, together with a real estate broker and a translator and arranging transportation. You may need advice after the purchase as well - we are there to help.

Construction type: Brick

Year of construction: 2007 Year

Stage of construction: the building is basically completed

Completion date: 06.2008

Heating: Solid fuel local heating

Number of bathrooms: 2

Balconies: 1

Joinery: PVC

• New development
• Mortgage
• Security
• Garage
• Planning permission granted
• Furnished
• Electricity
• Pipings
• Sewerage

Agent's valuation of the offer Excellent!

See the project

Property Taxes in Bulgaria

A foreign investor can invest in properties in Bulgaria either directly or through a local legal entity. Only Bulgarian-resident individuals and entities can acquire title to land, while non-residents may acquire only buildings and limited rights (e.g., leasehold and construction rights) to land.

If you are investing in Bulgaria, as a non-resident property owner, you could be liable for the following taxes:

Property Purchase Tax

The purchased property will be subject to a notary and a municipal tax. The notary tax is paid on the higher of the market price or the book value of the property. Rates vary and are typically less than 1%. In addition, 2% of the market value of the  property is paid as a municipal tax. This money goes to the municipality in which the  property is situated. You pay these taxes after you have signed the notary deed.

Annual Property Tax

All property owners in Bulgaria pay an annual property tax. The current annual tax rate for a house is 0.15% of the tax evaluation ( the value of the property as estimated by the state body) of the property.
In addition to this tax, owners also pay a waste-collection tax. The rate depends on the 
location and size of the dwelling. The amount of tax payable is usually about GBP30 per year 
for rural property and about GBP100 per year for apartments in city centers.

Tax On Rental Income

This is subject to a 15% withholding tax after deducting allowable expenses such as mortgage interest etc. It is not stable and depends on the gross  annual income of the person.

Wealth Tax

No Wealth tax in Bulgaria.

Capital Gains Tax (CGT)

This is levied at 15% on any increase in the value of the property.

Inheritance Tax (IHT)

This was levied at up to 10% up to 2004, but has been abolished altogether in 2005.

Value Added Tax

Transactions with land and lease of property for residential purposes are exempt from value added tax. All other real estate transactions are subject to VAT at the uniform rate of 20% (will be changed after Nulgaria joins to EU). The buyer/lessee is entitled to a VAT refund, provided it is registered for VAT purposes.

Corporation Tax

As some property interests in Bulgaria cannot be held directly by foreigners, buying through a local Bulgarian company is recommended. If you own a company in Bulgaria, note that in January 2005 the rate of income tax for a  corporation in Bulgaria was reduced from 19.5% to 15%. The tax year in Bulgaria ends on the 31 December. A limited company must file an annual report by the 31 March. If you incorporated a limited company to purchase a house or land, then there will be no  tax liability, as the company was not trading. However, you still must submit company  accounts to the Companies' House Register in Bulgaria every year to satisfy the authorities that the company was not trading. This is a legal requirement.