House for sale  Dobrich, €230,000.00

House for sale  Sofia, €249,550.00

Off-plan Apartments  Burgas, €50,000.00

Off-plan apartments for sale  Sunny Beach, €49,319.00

Apartments for sale  Sunny Beach, €67,200.00

Apartments for sale  Bansko, €139,161.00

Off-plan apartments for sale  Bansko, €79,414.00

Apartments for sale-off plan  Nesebur, €40,000.00

Important about Bulgarian law

Published on: 30/03/2007   According to
the Bulgarian law, embodied in the Constitution
of the Republic of Bulgaria, the Property Act
and the Foreign Investments Act foreign physical
and also juridical persons such as companies
cannot acquire the ownership of land in the
country. However, they are permitted to acquire
the ownership of houses or flats and limited
ownership rights with regard to every kind of
immovable property situated in Bulgaria. Under
the heading limited ownership rights the
Bulgarian law understands the rights of use, the
right to build a house on a piece of land (superficie)
and the servitude's (e.g., the right of access
to the street through another person's piece of
land). A further limitation on the purchases of
immovable by foreign persons is the obligation
on the part of the respective foreign person to
obtain the permission of the Council of
Ministers (the Government) of the Republic of
Bulgaria or other administration organs
authorized to decide on such requests, if the
property is situated within border areas or
other territories under special regime for
reasons of national security. The Council of
Ministers or the respective organ is obliged to
decide on the application within 45 days. With
the view to establish an enhanced protection of
foreign investments in Bulgaria there is a
special regime with respect of the expropriation
of foreign persons. Expropriation of the
immovable property of foreign persons is only
legal, whenever it is done by an Act of
Parliament, passed because of extraordinary
needs of the government, which cannot be
satisfied otherwise. In addition to that the
foreign person has to be provided with a
replacement of his immovable property before the
expropriation takes place. The replacement has
to be equal in market value to the replaced
property and has to be located close to it. The
owner may give his consent that the replacement
would be located elsewhere or that he would be
awarded money instead of a replacement property.
Source: Dnevnik





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