Bulgarian Properties

Buyer's guide

Reservation Agreement Form

• Having checked the apartment you want is available, either download the form from the website or we will fax you one.


• A copy of the reservation agreement is available here.


• Having completed the form, fax back the document to our Bulgaria office …….


• At the same time then post the completed form along with your reservation fee of 2000 euro made payable to Imperial Developments LTD, bank account:
  
  Beneficiary: Imperial Developments Ltd.
  Bulbank, Branch Bourgas
  Bank Address: 22 Aleksandrovska Str., Bourgas 8000, Bulgaria
  IBAN: BG08 UNCR 7630 1476 0477 38
  Swift: UNCRBGSF

Preliminary Contracts

• You will receive a preliminary contract of sale and management contract.


• We aim to get contracts issued within one week of receipt of your reservation fee.


• Please check all the details are correct before signing both copies.


• Return these documents to our Bulgaria office along with your initial instalment as detailed in the contracts within 15 days.


• Please note we accept payments by bank transfer only


• Should you wish to arrange an inspection trip, we would be more than happy to assist you.

Construction Phase

• We regularly update our website with construction updates throughout the build process. This will allow you to monitor the progress of your property.


• Usually there is one or more interim instalment payments to be made prior to full completion of the property.


• We will advise you in good time of estimated dates for interim instalments.


• Approximately one month prior to completion will will send you a pre-completion property pack. This includes details of recommended legal representatives, furniture options, rental arrangements, recommended insurance companies and more.

Final Completion

• Prior to all construction being completed, you will be notified when your final instalment is due.


• Upon completion of the property and payment of the final instalment, the transfer of title can take place.


• In Bulgaria, the property registry system works in conjunction with local Notaries.

In order to take delivery of your property, you will need to sign the ‘Notary Act’. This is a standard form document transferring ownership of the property into your name.

• You will receive title deeds within one month of the Notary Act from the local council.