In 2020 - a stable property market in which buyers will have an advantage
Stable prices, increasing supply and buyer dominance - these will be some of the defining characteristics of the housing market in the country in 2020.At the same time, because of the increased supply, sellers need to be careful when pricing their [...]
From 2020 EU citizens will be able to buy Bulgarian agricultural land
From 2020, citizens of the European Union (EU) will be able to buy Bulgarian agricultural land. The moratorium on the sale of agricultural land to foreigners is lifted. This will happen from January next year with amendments to the Agricultural Land Act, reports BGNES. "The ban on the sale of agricultural land was imposed when GERB was in opposition, we supported it. The [...]
Nearly 100 colleagues gathered at the Christmas celebration of the industry in Veliko Tarnovo
Nearly 100 people, representatives of more than twenty real estate companies from Veliko Tarnovo and the region, gathered at the first ever informal meeting of the industry on 9.12.2019. The event was organized by the regional structure of the National Real Estate Association (NRA) on the occasion of the upcoming Christmas and New Year holidays. The Chairman of the Board of the National Real Estate [...]
Nearly 50% growth in new home construction in the third quarter of 2019
The number of commissioned residential buildings in the third quarter of 2019 was 740, and the number of newly built dwellings in them ca 2 892. Compared to the third quarter of 2018, the buildings ca 280 more, or c 60.9%, and the dwellings in them increased by c 948, or c 48.8%, the National Statistical Institute said. Of the [...]
Property sketches are now open-ended
The services provided by the Agency of Geodesy, Cartography and Cadastre (AGCC), which citizens request and receive electronically, are 30% cheaper than paper documents. For example, one of the most frequently requested - the issuance of a sketch of a property or a scheme of a separate object on paper costs 20 BGN, and those requested and received electronically - 14 BGN. Important [...]
All buildings with technical passport by 2022.
We will pay between 100 and 500 BGN for a technical passport of our homes. By 2022, all buildings must have a document if they are in good condition and pay for it. There are a total of 4 million homes in Bulgaria. Over 20,000 of these are in buildings that are old and poorly maintained. That is why [...]
Over half of Bulgarians without their own property are planning to buy
Just over half (55%) of Bulgarians who do not live in their own home intend to buy one. Of these, nearly half cite a home loan as the main means of financing it, according to a nationally representative online survey conducted by Gemius Bulgaria on behalf of Postbank. The second [...]
The most sought after on the housing market is new construction
The first quarter of 2019 was weak in terms of the number of real estate transactions in the country, only in Burgas and Varna the trend was up by nearly 6 percent. This was announced in Burgas by Dobromir Ganev, chairman of the National Association "Real Estate", during the opening of the fifth anniversary edition of "Property Expo" in Burgas [...]
Professional training for real estate brokers in Veliko Tarnovo
On 9 May 2019 for the first time in the town of. The participants are colleagues from North Central Bulgaria. The training course has a total of 84 training hours. After the training, the trainees can take exams in theory and practice to qualify in [...]