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.).
real estate in bulgaria
Veliko Tarnovo municipality has updated its latest Town and Country Development Plan (TCDP)
According to the Bulgarian Law on spatial planning and overall development in the municipality the general structure of the regional plan and overwhelming use of its constituent structural parts being; location and boundaries of urban areas, farmland, forests, protected areas, contaminated areas and those with special and mixed use.
The TCDP gives general regimes for each of these areas with targets, measures and requirements for conservation use, building and development, identify networks and technical infrastructure facilities and areas with perhaps predictable natural disasters and necessary preventive measures and ways of planning and protection.
TCDP development for the municipality of Veliko Tarnovo has been done since 2006 adopted by the Town Council in April 2007. A preliminary draft TCDP was ready in 2008 and adopted by Town Council in 2009. In 2010 after a commission, an opinion needed to be sought on the environmental assessment . There have been meetings and coordination with environmental organisations, the guild of architects, the road agency, the Regional Directorate of Forestry, Water, Energy, National Institute of immovable cultural heritage, businesses, mayors and deputy mayors.
More good news for Bulgaria and again a demonstration that Bulgarian real estate is a very worthwhile investment to base your small to medium enterprise (SME) in Bulgaria.
Bulgaria is now ranking in 2nd place within the European Union in relation to the “debt-to-GDP ratio”, which is a recognised economic indicator of the health of a country’s economy, according to data supplied by Eurostat. In the third quarter of 2012 the correlation between debt and Gross Domestic Product (GDP) was 18,7%.
I read with interest the view of Delyan Dobrev with regards to the development of a 2nd Technology Park.
Should a second one ever be developed, since the 1st one is to be built in Sofia next to the Bulgarian capital city’s Tsarigradsko Chaussee Boulevard, Sofia Tech Park, a 100 million leva (50 million euro) project. Comprising of new real estate in Bulgaria, the first stage of Sofia Tech Park would accelerate innovation in information and communication technology, confirmed President Rossen Plevneliev in June this year. When completed, the park will include state of the art Bulgarian real estate comprising; offices, a technology centre and a museum. The aim of this project will be to make Bulgaria a regional leader in IT.
However, we must agree that Bulgaria as a nation proudly hosts some of the most fertile soils and is able to become a European regional leader in Agribusiness development, or (for the uninitiated) the amalgamation of agriculture and business, with specific reference to the range of activities and knowledge encompassed by modern food and beverage production. So yes, it makes absolute sense to develop a 2nd Technology Park focused on agribusiness technology as per Minister of Economy, Energy, and Tourism Delyan Dobrev said just over a week ago.
The only opinion I have which is different to the Ministers’ is the location! Speaking during an international forum on industry and innovations, he was adamant that if such a project was given the go ahead, it would be developed near the city of Plovdiv to host agribusiness companies. Now I am aware that there is the International Fair Plovdiv which hosts the AGRA exhibition, International Agricultural Exhibition and BioAgra – Trade Exhibition of Organic Farming, however the International Fair also hosts the ITALIAN FESTIVAL OF BEAUTY AND HAIR-STYLE (International Exhibition of Hairdressing, Beauty, Make-up, Perfumery and Fashion), C.A.C. & C.A.C.I.B (International Dog and Cat Shows), MEDICUS DENTO GALENIA (International Exhibition of Medicine, Dentistry, Pharmaceutics), FOODTECH (International Exhibition of Food & Drinks, Packaging, Machines and Technologies) and INTERMIN EXPO (International Exhibition of Mining Industry) to name but a few. Plovdiv appears to get its fair share of exhibitions and companies based there would specifically be related to machinery, mining, power engineering and ecology and of course wine making in the Thracian Plain.
So what about looking to the North Central area of Bulgaria, commonly known as the Danubian Plain, spanning from Dobrich to Pleven and in the centre is the old capital of Bulgaria, Veliko Tarnovo which is positioned adjacent to Gorna Oryahovitsa. This town used to be the centre of rail transportation across Bulgaria and its borderline neighbours and food processing and export used to be one of its main activities after harvesting crops from the plain and surrounding lands. Not only has it retained its centre of rail infrastructure (all be it in need of modernisation) it also has a fully operational International airport, which those of you who read my blogs frequently will recall that a letter of intent has allegedly been lodged regarding the purchase of the concession. Therefore the region of Veliko Turnovo has a recent historical pedigree in agribusiness and sits adjacent to some of the most fertile open tracts of land and estate in Bulgaria. Veliko Tarnovo is home to the 2nd largest university in Bulgaria after Sofia, the St. Cyril and St. Methodius University. Veliko Tarnovo is in the centre of Bulgaria on major cross roads and there is also an abundance of wine production in the region and acres of forestry.
Last but by no means least is the fact that there is a huge plot of land, prime Veliko Tarnovo Real Estate, many commercial and educational properties lying empty and yet built soundly which would immediately lend themselves for use as an Agribusiness based Technology Park, being ecologically and environmentally friendly, through not having to demolish and start again.
Its actually already a campus and this use would fit into the towns spatial development plan. The site is the Vasil Levski national military university and academy site to the west of the town, adjacent to the site are hectares of land which would be suitable for crop research and development. The site can be seen on the satellite image outlined in red.
The early Spring evening sky of Veliko Tarnovo, over the historic River Yantra Gorge and Statue of The Asens, exploded into an eruption of powerful spotlights, piercing Lasers, strobe lights and sound and music last night.
This is just a dress rehearsal for the evening celebrations of Veliko Tarnovo holiday on Thursday 22nd March.
|Spotlights pick at the old revival Bulgarian houses
on the edge of The River Yantra
Photo property of Yantra Homes not to be
re-produced without prior permission
The rehearsal pleased local Veliko Turnovo residents and tourists who were lucky enough to be on the old historical Gurko Street, where typical old Bulgaria property built during the renaissance and pre-revival period nestle precariously on the cliff slopes and little streets by the river gorge.
This again shows what Veliko Tarnovo municipality are doing to arouse interest in this most historic town and region with numerous eco tourist attractions and cultural centres, towns and villages. Another attraction also to support a decision to buy a Real Estate in Bulgaria. Either a holiday home in Bulgaria or permanent living space in a Bulgarian property.