News

EU citizens able to acquire Bulgarian land from 2014

Foreign natural and legal persons will be able to acquire Bulgarian land proprietorship at the terms and conditions deriving from the accession of Bulgaria to the EU or under an international treaty, promulgated and enforced in Bulgaria.

Because of the seven-year grace period negotiated by Bulgaria and the EU for land sale, EU citizens will actually be able to acquire Bulgarian land from 2014. The same timeline will be in force for nationals of countries outside the Union, Bulgarian MPs decided.

The amended texts are expected to enter into force by March 2005.