Real Estate Transactions In Bulgaria

There are several main legislative acts that regulate ownership title rights, limited property rights and real estate transfer deals in Bulgaria – these are the Constitution of the Republic of Bulgaria, Property Act, Contracts and Obligations Act, Commercial Act, Agricultural Land Ownership and Use Act, Forestry Act, Water Act, Black Sea Territorial Development Act, Protected Territories Act, State Property Act, Municipal Property Act, Civil Procedures Code, Encouragement of Investments Act, Territorial Development Act and Condominium Management Act.

In Bulgaria all types of transactions regarding establishment or transfer of real property rights related to real estate properties must be in the form of a notary deed. This is one of the general principles of the Bulgarian Property Law. That means that these transactions must be executed in the office of a notary in the respective district where the real estate is located. Such types of transactions could be