Sofia Mortgage
Buying a property in Sofia entails consideration of Bulgarian law and you may also be interested in a Bulgaria mortgage. Financing your Sofia property investment through a mortgage is worth consideration and, although Bulgarian mortgages are relatively new additions to the Sofia real estate market, mortgages are available to EU, North American and Eastern European nationals, subject to approval and valuation. Further Sofia mortgage information can be provided by your Bulgaria solicitor.
Sofia mortgages are generally available for 70% loan-to-value (LTV) for Sofia property priced between €40,000 and €100,000. For property investment in Sofia over €100,000, LTV is 75%. Loan terms are usually around 25 years. Consult your Bulgaria lawyer for up-to-date Sofia mortgage information.
Sofia Tax
When you make Sofia property investment, it is essential to take independent legal advice, particularly with regard to Sofia tax information. As a general guide, budget for between 3% and 4% of the purchase price of your Sofia buy to cover taxes and fees. These include 2% Bulgaria state tax, which is similar to stamp duty.
Sofia property investors need a local tax number and owners of Sofia real estate may be liable for local and state taxes.
