When a property is transferred and completed the final legal process in Bulgaria is different than in the UK.
The main difference is a client will appear before a Bulgarian notary (a legal entity in Bulgaria) to sign the Notary Act otherwise known as the Contract of Purchase. He/she will check the title deeds before signing and transferring ownership. For off-plan developments the final Notary Act is not signed until the property is completed. It is advisable that clients have their own legal representation/solicitor and an authorised translator present as well. In some cases clients can request a ‘Power of Attorney’ which gives permission for another person to attend and sign on their behalf. Clients are also expected to pay additional costs which account for approximately 2-3% of the purchase price as illustrated below.
