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Buying an apartment in Bulgaria is a sound investment and is currently offering excellent value for your money. The general rule is that an exclusive area is more likely to show a decent capital return. While a property in an overbuilt area will face a lot of competition in the market, unless it is on a prime location with added amenities such as top-class golf courses or spa facilities.
Currently there are restrictions for foreigners buying land in Bulgaria. According to the Bulgarian Act on Foreign Investment, foreigners may buy properties but not own land in Bulgaria. If you’re buying an apartment in Bulgaria you can do this as a private owner. However if the sale includes land (as a house would), then you need to set up a limited company to hold the land. A change to this restriction on land ownership has been approved in principle by the Bulgarian state as part of the EU accession, but will not come into force until 2014.

The payment schedule normally involves:
1. A Reservation fee to take the apartment off the market
2. A set percentage at signing preliminary contract
3. A set percentage at completion of the foundations
4. A set percentage at completion of the roof
5. A set percentage at permission for Use – Act 16

You will not make the final payment until Act 16- “Permission for use” has been approved. You should also make sure to hold back some money in a deposit account until you have inspected your apartment. Usually there is a guarantee period of one year during which time any defects will be corrected free of charge.
If you are buying in an apartment complex, then there will usually be a management company set up who will be responsible for maintaining the common parts for instance swimming pool, gardens etc, and also look after security and services such as cleaning. For this they will charge an annual maintenance fee from each apartment owner. This can be a set price or can be calculated according to your apartment size.

Expected costs:
-Maintenance fee
-Water and electrics
-Property tax
-Register with BULSTAT