Call
Send Email
Messenger
WhatsApp
Three-year settlement in Bulgaria required for land sale to foreigners
The three-year settlement requirement was passed at first reading in Bulgaria's Parliament on March 11th, 2014.
The amendments to the Land Ownership Act were passed with 159 votes for and seven abstained. No-one voted against.
A month ago the Constitutional Court overruled the ban on land sale to foreigners and the ruling Bulgarian Socialist Party (BSP) tabled amendments.
According to them, land can be bought by private persons and legal entities who have resided permanently in Bulgaria for three or more years, prior to the year in which the land is to be bought.
If a company has been registered for less than three years, will be allowed to buy land if the partners have stayed in Bulgaria for three years, without interruption.
The buyers will have to present a declaration for the origin of their funds.
View our offers of agricultutal land for sale
Read more news
More News
After a rapid increase in house prices in these cities, we are seeing a slight slowdown in growth rates by between 2 and 5 percentage points compared to those of the end of last year.
The fastest price growth continues in Varna, where growth accelerated only after mid-2022 and currently remains at levels close to 20%, while in Plovdiv and Burgas we report an annual growth of around...
2024 kicked off with a dynamic property market in Bulgaria, and this activity was sustained throughout the first quarter, making it one of the strongest quarters in housing market history. This was confirmed by data from the Registry Agency, which showed an increase in sales volumes in the country's leading markets.
This year, the market switched into a higher gear. T...
Spring is here, bringing new opportunities in the real estate market!
March was a month full of property transactions, reinforcing market activity and allowing us to successfully conclude the first quarter of the year. We witnessed significant movement not only in the major cities but also in our favorite seaside and ski resorts. Additionally, the season for buying rural houses is i...
We are proud to announce the opening of our new office in the city of Dupnitsa, located at Knyaz Boris I Street, No. 1, Floor 1.
This strategic move is part of our mission to be as close as possible to our customers and to provide high quality local service for both buyers and sellers.
In our new office, clients will be able to take advantage of the ful...
