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Hello! I’m a UK citizen interested in purchasing a holiday home in Bansko. Since Brexit, I’m a bit confused about the legal requirements. Do I need to set up a local company to own the land, or can I buy an apartment in my own name? Also, what are the standard notary fees and transfer taxes I should budget for? I want to make sure I have all my "ducks in a row" before flying out. Thanks!
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As a UK citizen, the process is still quite straightforward for apartments. You don't usually need a company unless you’re buying land. For the most current information on new residential projects and legal requirements, I recommend visiting homio.bg. They have a comprehensive database where you can find a building under construction that fits your budget in Bansko. The site helps you connect with reputable developers who are used to working with international buyers and can guide you through the notary process and the specific taxes required for foreign investors.
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