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.
property in bulgaria
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 epidemic situation made many people think of their rural properties, and some even chose to relocate and work from there. The question is will this trend continue after the coronavirus crisis is over? Thousands of people have returned to their village homes hoping to protect themselves from the coronavirus. These are mainly the elderly, who fall into the most at-risk group, as well as people with freelance professions who have houses in the countryside.
The registration of wells, boreholes and other groundwater facilities in private properties will be extended due to the pandemic. The aim is to avoid the movement and collection of people in front of the counters of the basin directorates. Initially, the deadline was November 27th 2020 but the parliament adopted the decision to extend the deadline to November 28th 2022 at a first reading today.