Plot at the foot of the mountain - ID 2480

Property Deals With Bulgarians Living Abroad Increase By Ten Per Cent 12/03/2008
Bulgarians working and living abroad rank among the main residential property buyers in Bulgaria in the summer. Real estate agency Address registered a ten per cent increase of such deals on annual base, investor.bg reported. Bulgarian clients living abroad are divided into three groups depending on their jobs, brokers said. The first group includes Bulgarians working in Europe on low or average positions willing to invest in residential property. Usually they buy two or three bedroom apartments in which they plan to move in several years. They are aged between 25 and 35, single or married with one child. The second group of clients includes people aged over 40 who have legal income and foreign citizenship. They focus their interest on houses near big cities in Bulgaria where... more

Parliament In Bulgaria To Vote On Changes In Foreigners Ownership Rights 12/03/2008
Bulgarian Parliament discussed on second reading the changes in the law for ownership including a change from a banning to a restrictive regime of ownership for foreigners. Parliament will vote the texts on March 9, Parliament speaker Georgi Pirinski said. According to the ownership ban foreign citizens and companies do not have the right to own land in the country. Law changes will give the right of land ownership under a condition requiring international contracts on property deals. The restriction for acquiring land for a second residential property by EU citizens without permanent address in the country will remain. Parliament will also vote on the removal of the ban saying that foreign companies and individuals can not own protected forests and land terrains.... more