Real Estate
Оverview
The Bulgarian real estate market continues to evolve at a remarkable pace. Both the off‑plan (“on greenfield”) construction segment and the secondary market remain highly dynamic, attracting local and international buyers, investors and developers. This environment requires precise legal guidance, thorough due diligence, and a clear understanding of regulatory frameworks and local practice that often change rapidly.
Our Approach
Our Real Estate Legal Team advises private individuals, companies, developers, and entrepreneurs on a wide range of property‑related matters. We provide clear, practical guidance on local laws and practices – including to clients based abroad, ensuring that every transaction is structured, compliant, and secure.
Our expertise spans all key areas of Bulgarian property law, including the Property Act, the Spatial Development Act, and related regulatory frameworks. We combine this with deep knowledge in family, inheritance, corporate, tax law, etc., enabling us to support clients in complex, multi‑layered transactions.
Assistance with Property Acquisition
Real Estate Due Diligence
Comprehensive review of ownership, encumbrances, building rights, zoning status, and all relevant risks.
Preliminary Agreements
Ensuring full compliance with statutory requirements and protecting the client’s interests.
Brokerage Agreements
We ensure alignment with established court practice regarding unfair or unlawful clauses that may infringe the client’s rights.
Transaction Structuring
Assistance with structuring transactions through asset deals, share deals, contributions in kind, and other mechanisms.
Cross-Disciplinary Transaction Support
Our cross‑disciplinary expertise in family, inheritance, corporate, tax law, еtc. is essential in designing secure and efficient structures.
Closing Documents and Certificates
Coordinating and securing all necessary оfficial certificates, declarations, municipal documents, cadastral records, tax clearances, and any other documentation essential for the lawful completion of the deal.
Notarial Completion and Registration
Acting on behalf of the client in the whole country during the notarial execution of the deal, including preparation, verification of documents, and ensuring full legal compliance.
Escrow Services
Secure handling of the purchase price through escrow arrangements to protect both parties and ensure proper settlement of the transaction.
Financing and Mortgage Support
Support in securing financing for property acquisition, including review of loan documentation and collateral arrangements.
Legal Support for Developers
Project Vehicles and Governance
Incorporation of companies with construction‑related business activities and tailored corporate governance structures.
Drafting and Negotiating Construction‑related Documentation
Legal support in identifying, negotiating, and securing land plots for development, including structuring the acquisition and assessing zoning constraints. Drafting construction‑related agreements, assisting in structuring and establishing building rights, as well as in the acquisition of ideal (undivided) shares of land plots.
Development Structuring and Joint Ventures
Аdvice on structuring the future development partnership Incl. through joint ventures, asset identification and allocation, contributions in kind and other suitable investment arrangements.
Assistance with Planning and Permitting
Support in obtaining a design visa, coordinating with architects and engineers, and ensuring compliance with zoning and planning regulations.
Construction Permit Assistance
Guidance through the full permitting process, communication with municipal authorities, and ensuring all statutory requirements are met.
Regulatory Compliance
Support during construction, including amendments, supervision requirements, and handover documentation.