How much is the reservation fee for a property in Bulgaria?
Typical reservation fee rates:
- 1% to 5% of the value of the property: This is standard practice, though some developers may require a fixed amount, such as €1,000 to €3,000, regardless of the value of the property.
- The amount set in the reservation agreement: The reservation fee and its terms are always clearly defined in the reservation agreement that the buyer signs with the developer.