After the Purchase of your Bulgarian property

There are also a number of practical issues you will need to address, such as changing the water and electricity accounts from the previous owner’s name to your name. Changing the locks and securing the Bulgarian property if you are not going to live there, arranging for direct debits with the bank for the water and the electricity to be paid, insuring the property in Bulgaria and its contents, and so forth.

Handing Over the Bulgarian Property

After completing the deal in Bulgaria, property sellers sometimes are given up to a month to finally vacate the property in Bulgaria. That is why often in the notary act (and the preliminary contract) there is mention of a small amount of money to be held back until the official handing over of the property.There are penalties imposed on the seller if they do not meet this obligation.

Under-declaring the Purchase Price