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Foreigners will be able to buy land in Bulgaria

Рубрика: General news Източник: The right of the citizens and of legal entities of the EU member states and countries, having acceded to the European Economic Area Agreement, to acquire ownership over land stems also from the Accession Treaty, which envisages different transitional periods of acquisition for different types of land: seven years for agricultural land and forests and five years for acquiring land for a secondary residence. Self-employed agricultural producers, who are EU citizens, will have the right to acquire agricultural lands and forests for agricultural usage as of the date of accession to the Community in compliance with the Accession Treaty.
The amendments to the Constitution require changes in another four laws that have been approved together with the Ownership Act: on forests, protected areas, agricultural land usage and tenure and restoration of ownership in forests and forest stock land.