A-class apartments in Golden Sands

Currently, free apartments (about 15 units) are rented as an apartment hotel:
https://www.booking.com/hotel/bg/royal-beach-plaza

■ Apartments for year-round use.

The concept speaks for itself. Royal Beach Plaza is chosen by those people who visit or live in Varna regularly. The complex is provided year-round care. By this, such complexes differ from seasonal holiday housing, which is preserved for the winter.

■ Monolithic frame building.
■ Walls - red brick + heat insulation.
■ 7 levels: underground parking, ground floor (0 floor) + 5 floors.
■ Elevators.
■ Parterre: hall, conference room, swimming pool, sauna, massage, fitness, game room (table tennis), laundry, technical rooms.
■ Good sound insulation, high-quality finishing materials.
■ Solarium on the roof.
■ Independent thermal unit for centralized hot water supply and pool heating, equipped with a heat pump, working in tandem with solar panels.
■ Decoration, furniture.
■ All apartments are equiped with inverter air conditioners "Daikin".

1300 ... 1500 € / sq.m., Depending on the interior decoration, the view from the windows, etc.

Royal Beach Plaza is a year-round residential complex with 35 premium class apartments. It has been built using advanced technologies. The place of location − resort area of the city of Varna.

The complex is located in the natural park “Golden Sands”, majestically towering over the Riviera Holiday club. From Royal Beach Plaza to the sea − 500 meters of direct visibility.

About Bulgarian Property

If we simplistic divide the housing offered in Bulgaria into three classes (economy, medium and premium or A-class), we get the following situation.

Economy class

The most affordable housing. Low price is achieved by high building density. From the area allocated for development, the maximum possible is allocated for apartments. The accompanying infrastructure, heat and noise insulation is available in the minimum required volume. If you want to subsequently change to a higher level of housing, economy class housing sometimes is difficult to sell, especially – for profitable price. The reason – there are a lot of offers at the market..

Middle class

Better construction. More space is allocated for additional infrastructure. According to Bulgarian laws, in new projects parking places for cars should be provided. The price for parking place can be 6–15 thousand euros, depending on the project and location..

A-class (premium)

Royal Beach Plaza belongs to this class. The most insured against the depreciation of the class of real estate. The price is due not only to the location and layout, but also the quality of construction. From the area allocated for development, a substantial part of it is allocated for infrastructure to create comfortable living conditions.

Important nuance

In the case of Royal Beach Plaza, a very substantial area is allocated for additional infrastructure (swimming pool, sauna, outdoor solarium, etc.). But this area is not included in the total area of the apartments, and does not increase their value. In addition, each apartment has a parking place.

Purchase. Nuances of the Law

Foreigners may buy any property in Bulgaria, but they do not have the right to acquire ownership over land. To buy the land one has to register a company in Bulgaria.

A buyer usually binds the bargain in amount of 10-15% of the total price to reserve an apartment and enters into a preliminary agreement before a notary or without him.

A period of processing of the title documents is an average of 3-6 weeks. After the final payment the notarial act is to be signed and property is to be made over to a buyer. A notary verifies financial responsibilities of parties, clean title etc.

The notarial act is given the next day after its signature. A state duty and a notarial fee amount to 4% of the total contract value. VAT is 20%. After the completion of the contract the buyer has to declare the property in the internal revenue service.

Facility management. Taxes

Once a year a property owner pays a property tax in amount of 0.15% of the appraised value. Another tax is a tax on removal of domestic waste, which is also about 0.15%. The amount of the tax is the same for individuals and legal entities. There is no rent, but there is a payment for the facility management. Charges for water and electricity are based upon meter size.
 

In Royal Beach Plaza the payment for the facility management is charged according to the apartment total area (see Floor plan and Prices-Table). This price includes a full infrastructure service, which includes:
■ cleaning of common area of the building and surrounding area;
■ illumination of the common area;
■ security, videomonitoring;
■ sauna and swimming pool maintenance, etc.

Residence permit

It is not difficult to get a residence permit in Bulgaria. There are additional allowances for retirees. The ownership of property is one of the reasons for getting the residence permit. There are two types of residence permits - permanent and temporary (long-term).

The temporary residence permit costs €500 per year. After five years of the temporary residence permit one can obtain the permanent residence permit for free. After five years of permanent residence permit one can apply for Bulgarian citizenship. Members of the family of the Bulgarian citizen that do not have Bulgarian citizenship have the right to visit the countries of the European Union without visas.

Visa

EU nationals are allowed to stay in Bulgaria without registration for up to 90 days. Foreign nationals who have property in Bulgaria are allowed to stay for up to 180 days.

Citizens of non-EU countries can obtain one year multiple entry visas (90-180 days of stay) that cost about €150-200. Prices and conditions differ depending on the country of issue. Tourist visa for 30-60 days with two entries costs about €30-35. A room in a good hotel costs €15-50 per person depending on a season. For example a room in a three star hotel in Golden Sands area costs €25-30 per person per day in August.

Necessary telephone numbers in Varna