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Offer No. 31425
/ Last editing : 05.01.2009
For sale Agricultural land
Location:
Sofia Region, town of Kostinbrod
Reference points: favorable position and liberal zoning policy of the municipality for erection of factories; 20km away from the capital Sofia
Total size 5000 sq.m.
Price: € 90 000
₤ 72 150 / USD 141 376
Price sq.m.: ₤ 14.43 / USD 28.28 / € 18.00
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CLIENT'S GUIDE
We have been working for 17 years owing to you and with care for you - our dear ...We justify Your trust, as being true to our main principles of professionalism and honesty.
FREQUENTLY ASKED QUESTIONSThings about buying property in Bulgaria you always wanted to know but had noone to ask. Simple answers to all major questions about the buying process.
Mirela's seminars - image and success!In short - by participating at the lecture trainings, Mirela's employees acquire the rules of inner organization and work with clients in a new way that is the 'successful concept ...
Where is it possible to buy a property on your credit card? Bulgaria, of course!Two more reasons for Bulgaria's success in attracting property investors and second-home buyers in the recent yeears
more newsProperty for industrial building
Excellent level plot with frontage 55m on an asphalt road. Close to a factory. It is assigned for industrial building.
Electricity and water are close.
Accents:
- Excellent location
- Quick transport link to Sofia city
- All communications
Additional info:
When organizing your trip to Bulgaria to view or purchase property it is very important that your trip is free from any troubles so you can focus on the main reason for your trip - to choose the right property. We, at Mirela Real Estate agency will be more than happy to organize your viewing trip to Bulgaria.
Before you come to Bulgaria we can organize or recommend a number of hotels providing accommodation.
On arrival you will be greeted by a friendly and highly trained representative.
Afterwards we will arrange for you the viewing of properties you may be interested in at any time convenient to you. At that time you will be accompanied by an experienced and qualified employee of ours to provide consultancy, interpretation and assistance when required.
- Electricity
- Pipings
- Sewerage
- Industrial construction
Agent's valuation of the offer Very good!
Contacts
Company:MIRELA LTD
Office: Sales Department- Houses and Land
Agent:Mario Kolarov - agent
Telephone: +359 2 9875275; Mobile +359 885397817
See all the offers of Mario KolarovAgent:Plamena Lozanova - agent
Telephone: +359 2 9875276; Mobile +359 885821148
See all the offers of Plamena LozanovaAcquisition of land by foreign citizens and foreign legal entities in Bulgaria after 01.01.2007
According to the commitments of Bulgaria made in the process of European integration in Art.22 of the Constitution, changes have been made to harmonize Bulgarian legislation with the law of the European Union. According to these changes, foreigners and foreign legal entities can acquire ownership of land in the following cases:
I. as provided in the terms and conditions of the Accession Treaty of the Republic of Bulgaria to the European Union;
II. by virtue of an international treaty, ratified, promulgated and entered into force for the Republic of Bulgaria;
III. through inheritance by law.
I. The legal framework related to the acquisition of land is outlined in Attachment VI, Section 3, Clause 1 Free movement of capital of the Accession Treaty. According to this Attachment, foreign citizens of the member-states of the EU or the European Economic Community (EEC), as well as foreign legal entities established in accordance with the legislation of a member-state or a state consituting a party to the EEC Agreement, who are legally staying in Bulgaria from 01.01.2007, can acquire ownership of land for a second home according to the rules of land acquisition applying to Bulgarian citizens. A legal definition of the term "second home" is given in the Amendment and Supplement Bill to the Ownership Act, where it is written that a "second home" is the one different from the main home one possesses in any of the EU member-states.
According to the norm, all limitations to citizens of the EU and EEC member-states who are permanently staying in Bulgaria are no longer valid. A definition of the term "permanently staying" is given in the newly adopted Act on entering, staying and leaving the Republic of Bulgaria by EU citizens and members of their families /State Gazette, Issue 80 of 03.10.2006/.
For citizens or legal entities who are not permanently staying in Bulgaria, limitations to the acquisition of land for a second home are introduced, i.e. they shall be limited as to this right. The time period of this limitation is 5 years, i.e. up to 2012.
As regards the acquisition of ownership of agricultural land and forests, Attachment VI, Section 3, Clause 2 introduces a 7-year limitation period, in which citizens of the EU and legal entities, established in EU member-states cannot acquire such land. This, however, does not apply to "independently employed agricultural producers who are citizens of another member-state, and who wish to settle and stay legally in Bulgaria".
Bulgaria has the right, irrespective of the time periods specified above, to make a general review of these transitional measures in the third year from the EU accession, i.e. in 2010. In view of this aim, the Commission shall present a report before the Council. The Council can vote unanimously by proposal of the Commission to shorten or to lift altogether the transitional periods of 5 and 7 years respectively.
In connection with these changes, there are amendments to the Forestry Act, Protected Areas Act, Agricultural Land Ownership and Use Act, and the Act on Restoration of Ownership over Forests and Land in the Forestry Reserve Act being prepared as well.
See also
http://www.parliament.bg/?page=home&lng=en&r=n
II. The issue of acquisition of land by foreign citizens and foreign legal entities established according to the legislation of a state which is not a member of either EU or the EEC is referred to in the second hypothesis of Art. 22 of the Constitution. Such citizens and legal entities can acquire ownership of land by virtue of an international treaty, ratified, promulgated and entered into force for the Republic of Bulgaria. This regulation is valid as of 01.01.2007 and there is no hypothesis for amendment within a certain time period.
III. In the old Art.22 there was an obligation for foreigners, who have acquired land by inheritance, to alienate it within 3 years of the acquisition. This text has already been cancelled. The regulation, however, still exists in Art.29, para.2 of the Ownership Act. This limitation is planned to be cancelled with the changes in the Ownership Act, and thus a restriction will remain only in relation to the acquisition of agricultural land and forests.

