Despite the pandemic, property prices in the Veliko Tarnovo area are rising. Contrary to initial expectations, the real estate market was not severely affected during the pandemic year.
Economic opportunities and a better quality of life are the priorities in the 2021 budget, which is the record 112.8 million leva. The 2021 budget of Veliko Tarnovo focuses on the recovery after COVID-19, a better quality of life, investments in infrastructure and ecology. Education and culture are also amongst the top priorities.
From January 1st, citizens from Great Britain can no longer acquire land (including agricultural land and forests) in Bulgaria except by inheritance. The reason for the ban is that they have the status of third-country nationals for the European Union as a result of Brexit. The ban does not affect past cases, as well as the purchase of other real estate (apartments, houses, etc.).
The Municipality of Veliko Tarnovo will be replacing the water supply and sewage pipes on 20 of the old streets around the Samovodska Charshia and the main tourist routes. The project is divided into three stages and has a total value of 1.6 million leva. What is more, money has been provided for the restoration of the authentic stone pavements in the Varusha neighbourhood. Some of them have been laid more than a century ago.