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Bulgarian land market opens up

Bulgarian land market opens upThe Bulgarian land market opens up, foreign citizens from the European Union and other countries Bulgaria has ratified international agreements will be allowed to buy land in this country. The amendments in Bulgarias constitution were voted last week by the ad-hoc commission. The changes are in six groups. There are different transitional periods for the different property categories land and forests could be bought by foreign citizens seven years after Bulgarias accession, five years is the period for second home building land. The foreign citizens with permanent residency in this country will be allowed to buy land from the 1 Jan. 2007. Land is not a commodity and it should be sold to foreigners, says the amendments opponents. 65% of the population is against such legalization by a survey of Alfa Research.

7 December 2004 - Stroitelstvo Gradat




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