Depending on whether you are buying a completed, half-completed or an apartment that is still in initial phase of development, FPI offers several different payment possibilities. In any case, a 1 500 EUR deposit is payable 7 days after you have
reserved an apartment, which serves as a guarantee to both buyer and seller.
The deposit will be subtracted from the price of the property in case of purchase. Buyer’s protectionReserving the desired apartment, gives you a total of 28 days, that allows you to organize your out-look of the property or to arrange the necessary documents for the signing of the pre-contract. During this 28-day period, the seller cannot sell the property to a third party.
Buying property in it’s initial phase of development
- 30% when signing the initial contract
- 40% after the construction of the framework and roof
- 30% after the apartment is completed
These payment schemes are tentative. Please keep in mind that the company reserves the right to change them at any time.Buying a half-completed property70% of the total property value is payable, when signing the initial contract. The final contract states how and when the remaining 30% will be paid in accordance with the building progress.
Buying a completed property
When purchasing a finished apartment the full amount of the selling price is payable. Nevertheless you’re buying a property in it’s initial phase of development, a half-completed property or a completed property, payable are also all fees that are in accordance with the Bulgarian legislation