Buying property in Bulgaria: the process for foreign buyers
From reservation to notary deed: what buyers from abroad should know – and what you as an agent explain.
Read article →Maintenance fees in holiday complexes: what buyers should know
How the annual fee is calculated, what it covers and which questions to settle before buying.
Anyone buying an apartment in a complex on the Bulgarian coast pays an annual maintenance fee on top of electricity and water. It is one of buyers’ most frequent questions – and a frequent cause of trouble if it is not settled beforehand.
How is it calculated?
Usually per square metre per year, based on the area in the notary deed (including the share of common areas). The amount depends heavily on the complex: a simple residential building costs much less than a complex with pools, reception and security.
What is included?
Typically cleaning and upkeep of common areas, pool and garden, reception, security, electricity and water for common areas and management. Owners pay electricity and water for their own apartment separately.
Questions before buying
- How high is the fee now, and how has it developed?
- Are there arrears from the seller? Ask the manager for a confirmation.
- Who manages the complex – an owners’ association under the Condominium Management Act or a management company under contract?
- What happens in winter: are pool and reception closed?
In ImotDesk
The maintenance fee is stored on the complex and applied automatically when you create a property. Buyers see it in the listing and on your website – transparency that builds trust.
