Buying guide

To reserve an apartment

  • Having checked the apartment you want is available, just let us know and we will fax you or email you a reservation form
  • Having completed the form, fax back the document to our London office on +44 (0)20 74075764 or email it to us.
  • At the same time then post the completed form along with your reservation fee of £750/€1000 made payable to ‘STR Property Ltd’. (reservation deposit vary depending on property)

Note: Your reservation fee is non-refundable. It will however be deducted from the purchase price of your property upon receipt of the first instalment.

Preliminary Contracts

  • You will receive a preliminary contract of sale and management contract.
    We aim to get contracts issued within couple of days of receipt of your reservation fee.
  • Please check all the details are correct before signing both copies.
  • Return these documents to our London office along with your initial instalment as detailed in the    contracts within 28 days.
  • Please note we accept payments by both bank transfer and cheque.
  • Should you wish to arrange an inspection trip, we would be more than happy to assist you.

Construction Phase

  • We regularly update our website with construction updates throughout the build process. This will    allow you to monitor the progress of your property.
  • Usually there is one or more interim instalment payments to be made prior to full completion of the    property
  • We will advise you in good time of estimated dates for interim instalments.
  • Approximately one month prior to completion will will send you a pre-completion property pack. This includes details of recommended legal representatives, furniture options, rental arrangements, recommended insurance companies and more.

Final Completion

  • Prior to all construction being completed, you will be notified when your final instalment is due.
  • Upon completion of the property and payment of the final instalment, the transfer of title can take    place.
  • In Bulgaria, the property registry system works in conjunction with local Notaries.
  • In order to take delivery of your property, you will need to sign the ‘Notary Act’. This is a standard    form document transferring ownership of the property into your name.
  • You will receive title deeds within one month of the Notary Act from the local council.

Note: If you are unable to attend the Notary Act in person, your legal representative may attend in your place. This individual will need to be a qualified Bulgarian solicitor in possession of a ‘Power of Attorney’ agreement. We are able to liaise with you to arrange this.

Usefull Information

  • All our property is sold on a freehold or share of freehold basis.
  • All new build property in Bulgaria is subject to 20% VAT. Our prices always include the VAT subject to the local tax evalution at the Notary Act.
  • When you buy: On completion there are a number of transfer and local taxes. These taxes total between 4% to 5% of the purchase price. You will be required to pay these taxes at the same time as your final installment for your property.
  • You will be required to take out buildings and contents insurance for your property. We can provide    you with useful contacts in this regard.