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Before diving deep into real estate fiasco discussion let us first highlight some important basic information’s regarding Bulgaria. As you would know Bulgaria is located in southeastern Europe.
Bulgaria is situated in the east-central portion of the Balkan Peninsula, bordering the Black Sea. Covering an area of 42,823 square miles and is almost rectangular in shape. Its position makes it a natural crossroad between Europe and Asia.
Bulgaria has been noted as the third most popular world destination for property investment and holiday homes behind Spain and France. So what does buying properties in Bulgaria give you? (more…)
According to Bulgarian law, foreign individuals and legal entities can buy property in Bulgaria property. Purchased the property, you can legitimately to be registered at this address. Non-residents of Bulgaria after the purchase of local real estate on an equal footing with local citizens, can pass the object.
When buying property in Bulgaria is the legislative details, which relate only to land and housing: In order to acquire the ownership of the land on which the property, you must register the entity in the territory of Bulgaria and purchased land in the ownership of the company. Individuals who are not residents of Bulgaria, under the existing legislation does not have the right to purchase land in the property.
