location

The town of Razlog is situated in The Razlog valley between Rila, Pirin and Rodopi Mountains. The Mesta river goes throuhg it. It is 155 km from the capital Sofia and only 6 km away from the most developed mountain resort in Bulgaria - Bansko. A walk in Razlog is a real adventure, the visitors can see 41 of the Bulgarian national revival buildings in a pretty good repair and a lot of craft workshops. 10 km away from Qzo riverside there is a working water-mill. There are regular buses to the town of Bansko, Blagoevgrad, Gotze Delchev, Velingrad, Sofia and other towns and villages. Its situation makes it a starting point of many tourist routes in Rila and Pirin Mountains. Razlog is a small town, but a very lively one.

the project

The building is consisted of 7 (seven) floors, in the typical for the region alpine style. The beautiful facade is in the spirit of the tradition. Conforming with the new European requirements for a resort-complex of closed type, and also for a better comfort of the visitors and of the owners of the apartments there are bar, the so called "mehana"-a typical Bulgarian restaurant and also 2 main restaurants included in the building. Each one of them is separated and has its own kitchen.
In the southwest part there is an open playground with swimming pool and SPA-centre, also a golf-stimulator and a fitness-centre with rooms for massage and hairdresser. There is a room provided for medical services too.
The building has 3 (three) entrances, as the main which looks to the south has a reception and a lobby bar. There are also 4 (four) lifts on the plan. Except the entrances the plan of the building provides also 4 (four) evacuation exits and a separated entrance for supplies.
In the eastern part of the roof of the building we can see a tower for viewing the magnificent scenery overlooking to Pirin, Rila, the Rodopi Mountains , and the cities of Razlog and Bansko.

The furnishing is included in the price!

The apartment is open planed. It consists of: a bedroom, a living-room with a kitchenette, a bathroom with a WC, and a terrace. South exposure.

accents

• Incredible nature
• Own ski-tracks, golf playgrounds and tennis courts
• Nearness with other resorts
• Fully-furnished
• A good investment

all units are for sale with no commission for the buyer!

Construction type: Brick

Year of construction: 2007 Year

Stage of construction: elevation 5 floor

Completion date: 12.2009

Heating: Local heating

Exposure: South

Number of bathrooms: 1

Balconies: 1

:

Joinery: PVC

• New development
• Mortgage
• Elevator
• Security
• Furnished

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.