location

The onefamily houses are situated on a place, which is dividedto four separate parts in "Children Town" area - Pancarevo Commune /150 m. west from the training base of CSKA, over the American College/. There is a view to Vitosha Mountain in the south-west. There is an asphalt access at about 10 min from Eagle's Bridge by car.

Size

Each building plot is 750 sq.m. by notarial act and is 27.63m. - 27.19m., facing the street - 27.63m. The plot displacement from south-west to north-east is 0.83m.

The project

It is a three storey house with 88.60 sq.m. each floor and 338.80 sq.m. by project.

It consists of:

A basement -

- A garage - 19.84 sq.m.;

- A grambling-hall - 22.87 sq.m.;

- A fitness - 7.80 sq.m.;

- A sauna - 1.90 sq.m.;

- A bathroom with a toilet - 3.46 sq.m. and a porch and stairs - 18.36 sq.m.

First floor:

- A living-room, a dining-room and a kitchen - 43.62 sq.m.;

- A bedroom - 11.35 sq.m.;

- A bathroom with a toilet - 3.46 sq.m.;

- A porch and stairs - 16.79 sq.m.

- A bedroom - 15.92 sq.m.; a terracce 4.77 sq.m. and a toilet - a bathroom - 3.46 sq.m. off it;

- A bedroom - 21.89 sq.m., a bedroom - 19.03 sq.m. with a terracce 8.67 sq.m. and a toilet - a bathroom - 5.50 sq.m. off them.

- A study - 22.42 sq.m.;

- A bathroom with a toilet - 4.50 sq.m.

The surrounding area - grass, with a possibility to be designed a children place, a swimming pool and others if wanted

price and payment plans

The price includes - land by a notarial act - 750 sq.m.; a house - 338 sq.m.; a roof, a floor plaster and bathrooms plaster, walls- ground coated, joinery - PVC - four cameras with a glass pack K type and gas - "Profilink" - Austria; inside doors - MDF, outside one - armoured, a fireplace, outside warm isolation - "Veber", a local heating, aluminium radiators with convertors, roof-tiles - Greek ceramic, an outside mineral plaster and worked stone.

The houses are going to be supplied with three phase tension, a telephone, an Internet cable TV, a local security system, grass area.

Others payment plans are also possible - in advanced payment of 30% of the whole sum there is going to be used a 5% discount, in advanced payment of 50% of the whole sum - 8% discount.

For sale without commision from the buyer!
 

Purchasers pay a service fee of 400 Euro /VAT not included/.

Construction type: Brick

Year of construction: 2007 Year

Stage of construction: the building is completed up to the roof cornice

Completion date: 09.2008

Heating: Solid fuel local heating

Exposure: East, West

Number of bathrooms: 5

Balconies: 3

:

Joinery: PVC

• New development
• Garage
• Pipings

Agent's valuation of the offer Excellent!

See the project

Property Taxes in Bulgaria

A foreign investor can invest in properties in Bulgaria either directly or through a local legal entity. Only Bulgarian-resident individuals and entities can acquire title to land, while non-residents may acquire only buildings and limited rights (e.g., leasehold and construction rights) to land.

If you are investing in Bulgaria, as a non-resident property owner, you could be liable for the following taxes:

Property Purchase Tax

The purchased property will be subject to a notary and a municipal tax. The notary tax is paid on the higher of the market price or the book value of the property. Rates vary and are typically less than 1%. In addition, 2% of the market value of the  property is paid as a municipal tax. This money goes to the municipality in which the  property is situated. You pay these taxes after you have signed the notary deed.

Annual Property Tax

All property owners in Bulgaria pay an annual property tax. The current annual tax rate for a house is 0.15% of the tax evaluation ( the value of the property as estimated by the state body) of the property.
In addition to this tax, owners also pay a waste-collection tax. The rate depends on the 
location and size of the dwelling. The amount of tax payable is usually about GBP30 per year 
for rural property and about GBP100 per year for apartments in city centers.

Tax On Rental Income

This is subject to a 15% withholding tax after deducting allowable expenses such as mortgage interest etc. It is not stable and depends on the gross  annual income of the person.

Wealth Tax

No Wealth tax in Bulgaria.

Capital Gains Tax (CGT)

This is levied at 15% on any increase in the value of the property.

Inheritance Tax (IHT)

This was levied at up to 10% up to 2004, but has been abolished altogether in 2005.

Value Added Tax

Transactions with land and lease of property for residential purposes are exempt from value added tax. All other real estate transactions are subject to VAT at the uniform rate of 20% (will be changed after Nulgaria joins to EU). The buyer/lessee is entitled to a VAT refund, provided it is registered for VAT purposes.

Corporation Tax

As some property interests in Bulgaria cannot be held directly by foreigners, buying through a local Bulgarian company is recommended. If you own a company in Bulgaria, note that in January 2005 the rate of income tax for a  corporation in Bulgaria was reduced from 19.5% to 15%. The tax year in Bulgaria ends on the 31 December. A limited company must file an annual report by the 31 March. If you incorporated a limited company to purchase a house or land, then there will be no  tax liability, as the company was not trading. However, you still must submit company  accounts to the Companies' House Register in Bulgaria every year to satisfy the authorities that the company was not trading. This is a legal requirement.