Yes, it is possible to buy an apartment in Bulgaria remotely. The transaction is completed through a notary with a power of attorney. The buyer can be abroad during all stages of the transaction.
The remote purchase process consists of several stages:
- Online property selection: photos, videos, plans, documents, online viewings.
- Legal due diligence: ownership, encumbrances, debts, document accuracy.
- Issuance of a notarized power of attorney to a representative in Bulgaria.
- Payments: bank transfer or notarized deposit with official payment confirmation.
- Notary transaction: the representative signs the notarized deed under the power of attorney.
To purchase an apartment remotely in Bulgaria, you will typically need:
- a passport
- a notarized power of attorney
- bank details
- translations of documents, if necessary
A residence permit is not required for remote real estate purchases.
The main risks are not related to the transaction format, but to the lack of due diligence: purchasing without reviewing the documents, working without a contract, and not understanding the actual costs. These risks are mitigated by proper due diligence and transaction support.
Buying an apartment in Bulgaria remotely does not automatically grant a residence permit. This format is more commonly used when purchasing resale properties and apartments. A properly executed power of attorney is crucial.
Buying an apartment remotely in Bulgaria is a safe and efficient method. With proper document verification, the buyer has the same rights as if they were present in person.
