Bulgaria buying process ‘improved’

EU entry has reformed Bulgaria’s legal process, which is great news for investors…

Among the many benefits for Bulgarian property investors of the country’s accession to the EU, one of the main ones will be from a reformed legal process, it has been claimed.

Rhiannon Williamson, co-owner of Amberlamb, recently stated: “Both Bulgaria and Romania have had to refine their property legislation since joining the EU. This is to ensure that they are fully in line with the laws and regulations enforced in other EU countries.

"For overseas buyers this is good news; over time the property buying processes in each country have improved and there are long term plans for the reduction of restrictions and bureaucracy that foreign buyers encounter in both Romania and Bulgaria.
 
”Further improvements are set to be made in the Bulgarian property market, particularly in the mortgage sector, where work is still required despite the positive development that the country has already experienced”