Buying a property in Bulgaria

When purchasing  real estate, the first condition is to open a bank account.  The calculation must be made in the currency of the country in which you are buying  a property.

Transaction procedure:

✅ First you need to open an account at a local bank.

✅The transaction is drawn up by a notary.  The full price is due.

✅The deed of sale and purchase is registered in Bulstat.

✅Housing is registered with the tax office and an agreement is concluded with utility services.

@sryan4824

Legal, yes, but this introduces complications in terms of buyer protection. If you're going to pay some (or all) of the purchase price before the notary appointment, then it's advisable to have some kind of legally binding Promissory Contract. And even then you need to be careful.

Otherwise, consider cash (with 200/500 euros notes you can carry hefty payments without attracting attention to yourself in the street) and make it an all-cash transaction at the notary. Or make sure you both have a Wise or Revolut account so that you could do an instant transfer at the notary.

If it's a bit complicated, you might be safer getting an attorney to help you.