Estate Agents & Advertisers: Login or Register Telephone Number Tel: (+34) 952 471 774 | UK Freephone UK Freephone: 0800 047 0597 | US Toll Free US Toll Free: +1-866 656 7152
IPIN Left IPIN Middle IPIN Right
Header Corner
Find Property in :

E.g. "Marbella" or "Manchester". Looking for more search options?

 
Secure Exit Strategy


Delay to ban cash purchases in Bulgaria likely to present investors with bargain properties

Date : (News Section: Bulgaria)

Share
Delay to ban cash purchases in Bulgaria likely to present investors with bargain properties

Property investors should act quickly to take advantage of the delay banning cash purchases in Bulgaria, it has been claimed.

House Sales Bulgaria has said that prospective buyers in the country will be able to get their hands on bargain properties in the next few months before the property law is ratified.

The law - which is based upon the system used in France - aims to add transparency to the housing market, as well as increasing civic revenue, which can be poured back into infrastructure and help boost property sales in the country.

But due to the Bulgarian parliament's failure to pass the law before Christmas, it is unlikely that it will come into effect until May or June of 2010.

Something which House Sales Bulgaria believes will be of benefit to buyers, the organisation states that many home sellers who wish to receive part-payment for their properties in cash are likely to reduce prices in order to do so.

Overseas investment company Property Venture recently named Bulgaria as one of its top investment choices for the UK buyer in 2010.


Share

Article created on behalf of Propertyshowrooms.com News Desk ()

Related Articles

  1. Encouraging Start to 2014 for Bulgarian Property Market
  2. Demand for Luxury Property in Bulgaria Starts to Rise
  3. Bulgarian property market activity to increase in 2014
  4. Bulgarian property values slide in Q3
  5. Regional cities drive Bulgarian property sales



Let us search for you Let Us find Property in Bulgaria for You

Fill out a requirements form and our experts will help you find a great selection of Properties for sale in Bulgaria.

SubscribeGet Email Updates!

   

* We value your privacy and will never share your email address with anyone else.

INVEST FROM £5,000 IN BRAZILIAN LOCAL HOUSING
Development Showcase

Subscribe to This Feed

RSS News
Subscribe to this RSS Feed
Country: Bulgaria
Channel: All

More RSS FeedsGo

Media/Press SectionProperty News Search


   

News ArchivesNews Archives

View worldwide property news from as far back as 2005 in our News Archives Section.

View News ArchivesGo