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If you're looking to sell property in Bulgaria, there are some important facts you should know; one of the most important is how much the sale is going to cost you. There are four main costs associated with selling property in Bulgaria:

• The first is Council tax which is 0.1% of the purchase price paid for the property, a payment which takes place at the time of the transfer of the deeds to the property.
• The second is local tax which is levied at 2% of the purchase price and is the equivalent of UK stamp duty (it can be agreed that this cost is shared jointly between buyer and vendor).
• Third, there are the notary fees which are calculated from the tax valuation of the property.
• Finally, there are the solicitors' fees which will vary from firm to firm, so be sure to shop around to make sure you're not being over-charged.

Of course, your budget should always allow for a nominal amount of administrative costs such as translations and paperwork, however in total the costs involved when you sell a house in Bulgaria are more reasonable than in many other European countries: normally under 4% of the property value.

All too often, vendors think that the sale of the property itself is the end of the line, however it is only once the sale has been verbally agreed that they are actually selling  the property, rather than just marketing it as they have been doing up until that point. There are a number of bureaucratic processes that have to be carried out and some of them do vary from those that take place in the UK when selling property. One of the most important things to remember when selling property in Bulgaria is that it will carry some costs. To ensure a swift and straightforward sales process, make sure you have allocated a sufficient budget for the selling costs.