How much time do I have after viewing a property in Bulgaria to make a purchase decision?

The time to decide whether to buy a property in Bulgaria after viewing it can vary depending on several factors:

Preliminary Agreement.

• Expiration date: The preliminary agreement usually specifies the date by which the finalization of the transaction must take place. This can be several weeks or months, depending on the arrangement.

Real estate market

• Competitive market: In popular locations such as Sofia, Varna, Bourgas or seaside resorts, you may have to decide to buy sooner due to the high interest in the properties. In such a case, it is worth being ready to act quickly.

Individual arrangements with the owner or developer

• Negotiation flexibility: Agree with the property owner or developer how much time you have to make a decision. Sometimes you can negotiate a reservation date or an extension of the preliminary agreement.

Legal formalities

• Notary: The finalization of the purchase of a property in Bulgaria takes place before a notary who draws up the deed of sale. The notary also performs legal verification of the property, which can take several days to several weeks.