List of Initial Costd

@jeanmandredeix

Hello, I think there is not a list, bit I will try to outline the most important information briefly:

- creating a company - from 180 BGN ( some shady DIY websites) to more than 1200 EUR for a ready-made ( if you are not in Bulgaria) company from reputable lawyers.

- real estate agents fee - 2-3 % VAT excluded ( in case you hire someone to find you the property), but usually no less than 600 euros

- Lawyer's fee ( for conveyancing and independent due dilligence of the property, upon your personal choice) - some percent from the purchasing price, some times similar as the agents fee

- approx 4% from the purchasing price of the property- for notary tax, Municipality tax ( somewhere the % is different) and Government registry agency fee.

I hope I was helpful.

Thank you  That’s perfect. It helps when budgeting.

@jeanmandredeix

To simplify the answer given above, overall I've learned from others if you add about 15% to the purchase price it should cover everything. For me personally it's between £1500-£3000 all in but people say can be a bit cheaper. I overestimate everything for a small financial cushion.

@S25 - Sean

Thanks. Yes, I would be the same. That’s one of the reasons I wanted as much info as possible. I don’t want any shocks 😀

@S25 - Sean

I would say about 10%.

My experience shows that if you hire a lawyer to represent you for the deals it is possible to avoid % for the real estate agent.

@Vasilev

I just noticed what you do for work. Can I ask which office you work out of please? I looked on the website says Plovdiv and Sofia. I'm looking to buy in Plovdiv or Haskovo regions, if you cover those areas? Thanks for sharing good information here too Vasilev.

@S25 - Sean

Hello, I am located in Plovdiv, bit I can be everywhere if it's necessary.

@Vasilev

Great stuff thanks. I'm looking to buy around May, hopefully. Is it okay with you if I drop an inbox with a few questions to help planning and for quotes to work with you when the time comes? Since your office is close the the airport, would be useful to pop and see you for eood setup and due diligence ect.

Thanks from Sean

@S25 - Sean

Fell free to contact me anyhow.