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property in bulgaria

Growth in construction in the region
News, Property News

For all company-owned properties – changes in electrical suppliers

From last year all commercial users had to register on the free electrical market. This change affected not only different manufacturers, producers, etc. but also companies that have no activity, including companies which have been formed to hold property ownership.

There are two rates for electricity – commercial and residential. The price of commercial electricity varies and is much higher than that of residential electricity. For all company-owned property, Energo Pro would automatically assign the commercial rate. However, there is a way to pay the residential rate:

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British citizens can no longer buy land in Bulgaria
News, Property News

British citizens can no longer buy land 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.).

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The villages around Veliko Tarnovo are blooming because of COVID-19
News, Property News

The villages around Veliko Tarnovo are blooming thanks to COVID-19

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.

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