Buyer's Guide

The process of buying an apartment in St. Ivan Rilski is simple and easy, and does not differ essentially from the deal-signing procedures in the EU or UK.

When purchasing a property abroad, you will generally be required to pay an initial deposit and then the remaining balance in stage payments.

Initial Deposit: When you have found your ideal property in St. Ivan Rilski, a  refundable upon purchase reservation deposit of 1 500 EUR will secure the property at the price on that day. For your security, we recommend you to find a lawyer(we can recommend), who will perform the necessary checks, prior to paying the deposit. Once your lawyer is completely satisfied with the conditions of the sale, the purchase contract will be drawn up and then you will be given the payment schedule.

If due to some reason, you are not able to find a legal adviser, we will be happy to assist you during the sales process and to present you all the necessary information about the investor. 

The remaining balance/stage payments/: When purchasing a property “off plans”, or in the process of construction, you will need to arrange the agreed stage payments. Before you enter into any contract, you will be informed of the dates and amounts of payment.

If you are purchasing property that is already built, there are differences in the sales process. In this case, after payment of the reservation deposit (1 500 EUR), the balance will be required usually within 30 days.

There are several steps to go through, which will assure that you have chosen the best property for your requirements:

1. Choose a legal adviser – before starting the buying process, the purchaser should approach a lawyer of good reputation and ask him/her to represent you in front of the Public Notary where the final contract will be signed. The purchaser's lawyer must investigate the investor and the developer and ensure the following: that the vendor holds an absolute title (deed) to the property, that the property is unencumbered, that all acts associated with the construction of the property are based on a lawful planning permission and that all obligatory properly taxes burdening the vendor have been paid. We have established contacts with the most reputable local legal advisors and we can pass you the contacts.

2. Reserve an apartment trough our website and pay the reservation deposit – we offer you this opportunity, in order to be sure that the apartment you have chosen will not be sold to someone else and the price will remain the same.

3. Book a viewing trip and visit St.Ivan Riski - if you intend to live full-time or just part of the year in St.Ivan Rilski, we recommend you to make a viewing trip before you buy the property. Apart from inspecting the property, the purpose of the viewing trip is to sign the pre-contract.

If you are a property investor and you do not have the spare time for an out-look, the pre-contract can be signed „from distance” and you can visit St. Ivan Rilski for the signing of the final contract.  

When visiting the residential village, we will show you not only the village itself, but Bansko and the competitor’s developments, so that you are sure of your choice.