The complex is located 17 km north from Varna, in the heart of Golden Sands by the biggest water park of the region. The location is unique because of its natural combinations - green mountain slopes and beautiful golden beaches that have given the holiday resort its name. All these natural conditions enable to practice swimming, surfing, water skiing and many other amusements. Restaurants offer Bulgarian national food, European cuisine and internationally known Bulgarian wines.

project

The complex consists of two connected blocks. Both blocks have a separate entrance and 4 lifts from which two lifts goes down to the parking spaces situated under the house. Apartment building has been designed partially as a five-storey building and partially as a six-storey building with a total of 137 different size apartments. There are 50 parking spaces in the car park under the house. The majority of apartments have large window surfaces, balconies and views on the sea and sandy beach. The apartments are sold with full inner decoration, kitchen furniture (with technique).

Disposition : Entrance hall, living room with dining room and place for sleep, bathroom together with WC.

Construction

This is a monolithic building without a load-bearing beam; the external walls are 25 cm thick made of ceramic brick, plus 5 cm insulation. The partitions are KNAUF partitions (Austria) with 8 cm cotton insulation; the PVC aluminium windows have a thermal bridge. Fire alarm - 24 hours. All apartments have air-conditioners, are prepared for telephone, Internet and TV connections, have timber doors with melamine doorknobs, fitted carpets on floors, kitchen corners and balconies.

Payment plan

20% of the apartment ownership price will be paid upon entry into a reservation contract. (Reservation contract will be entered into within 7 days after the receipt of application or oral reservation.)
80% will be paid upon entry into a notarial real right contract in Bulgaria

The apartment is for sale with no commission !

The agency charges EUR 480 for attendance at the transaction !

Advantages

• Great location
• Two minutes to the beach
• Swimming pool
• First-class finishing
• Granted permission to move in / Act 16/

Construction type: Brick

Year of construction: 2007 Year

Stage of construction: permission to move in granted

Completion date: 12.2007

Heating: Air conditioner

Number of bathrooms: 1

:

Joinery: PVC

• Permission for use granted
• New development
• Mortgage

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.