In October, the prices for buying and renting an apartment in Sofia set historical records. There is a surprising increase in rents, which have been stagnant for a long time. Renting a 2-room apartment currently costs an average of BGN 780 (EUR 400), and a 3-room apartment – BGN 1,100 (EUR 565). Rents have never been so high in history. For the first time since …
The Council of Ministers approved a draft Law on Amendments and Supplements to the Law on Cadastre and Land Registry. It provides for the provision of full digitization of the property register maintained by the Registration Agency, by creating electronic batches of real estate and electronic batch files with the registered acts and the documents attached to them. Already in 2000, a …
Bulgaria: Full Digitization of the Property Register to be Introduced Soon Read More »
Construction workers massively stop the sales of properties “on the green“. Buying a property “on the green” implies investing in real estate that, at the time of purchase, is still unrealized. This causes the worry and caution of many buyers, who often decide to bet on the safer alternative. However, the idea of acquiring an apartment before it …
Bulgaria: Sales of “Green” Properties are Declining Read More »
