Purchase limit for Bulgarian land plots
Prof. Dimitar Grekov, Bulgarian Minister of Agriculture intends to restrict the purchase of land plots for foreigners. This decision made by the Bulgarian Parliament was the reason of a series of intensive discussions in the Bulgarian society and this could probably exert influence on Bulgaria’s relations with the European Union.One of the major conditions for a foreigner that is willing to buy a land plot in our country is that this foreigner has to have minimum two years of previously registered agricultural production. This measure is taken due to the fact that the state itself also needs to take care of the land irrigation and also to make investments.
The decision is influenced by Denmark and Hungary that has proposed purchase restrictions of land plot. The moratorium on the sale of agricultural land is decided to be prolonged according to one of the decisions of the Bulgarian Parliament. Bulgaria is not trying to ban land plot sales but they are restricted.
Another restriction measure proposed by the Bulgarian Minister of Agriculture is the ban of long term tenant contracts concerning the sale of the fields at the Bulgarian borders. Land plots that are situated especially close to strategic objects of the country are forbidden to be presented for sale, local media report.
This was our first experience of buying a property abroad, and The whole process was managed and controlled by KiKi, due to Covid 19 we were unable to travel to Bulgaria to sign and complete the documentation, however we were guided through the legalisation process and purchasing using Kiki as our power of attorney, Everything was smooth and faultless, very happy with the service we received and the property, can’t wait to get to bulgaria to see our forever home project. Thank you very much Kiki.
— Donna Haskett, England