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17.03.2004 Buying of Bulgarian properties is now easier for foreigners

Information by Anna Kastreva, Dnevnik Daily (15 March 2004) www.dnevnik.bg

Foreigners will be able to purchase real estate properties without special licenses from the government. Members of the Parliament Economic Commission voted down on second reading, the text of the Investments Encouragement Law, according to which the foreigners had to ask the cabinet for such a license.

Irrelevant became also the requirement for special license from the Ministry of Defense and the Ministry of Internal Affairs for purchasing real estate properties in the interior areas of the country, close to the national security objects.

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