Current legal Position
Foreigners are allowed to own buildings in Bulgaria but they are not
allowed to own the land. The simple solution is for property to be
purchased through a Bulgarian company. Bulgarian law allows Bulgarian
companies to be 100% foreign owned.
Resolution laws
In common with other Eastern European countries, Bulgaria made provision
for the return of property to owners whose property had been confiscated
during the communist era. Land restitution was finalised in 2000,
and the process of restitution of agricultural land was completed
in 2001. At the end of 2002, 92% of woodlands and forest land had
been restituted. A land parcels register is being established, and
the second phase of land reform, which is the consolidation of land,
has started.
Additional Costs
Additional costs one may expect are as follows:
» Brokers fees of 2-3%
» Municipal taxes on land acquisitions
of 2% of cost
» Notary and legal fees of around
0.5%
Additional Information
Hot and cold mineral water has been sought out by health enthusiasts the world over. Europeans have gone to the hot baths since ancient days. Traditionally these waters have been used to treat many physical ailments. The mineral water in the area is odorless, tasteless, and colorless. It can be likened to Evian or other pure mineral water. Imagine, being immersed in or drinking such pure natural water, it is silky smooth!
Because of the mineral content you can soak in the water for hours and not get "pruned" hands or feet typical of other hot tubs or pools. Mineral water doesn't have the high chlorine content that irritates your skin. |
