It has been half an year since EU citizens are allowed to buy regulated land on their personal names. Initially notaries in Bulgaria, refused to certify deals at all. Their fear was of how one can interpret the EU Accession Treaty if there is no explicit article in the law. By “explicit”, I mean one that a 1st grade child could understand and explain. Well, there were no such thing, so notaries were very cautious (groundlessly). I’ve heard people complaining that notaries have denied certification of regulated land deals even after 1st Jan 2012.

Slowly but firmly, the Notary Chamber have circulated instructions that the notaries shouldn’t be afraid to apply the law. Backed up by their professional organisation notaries proceeded and the deals were “unleashed”. Nevertheless I still meet notaries who put ridiculous requirements like “the foreigner should declare that the property is his/her second home”. It doesn’t make any sense. The “second home” rule was bound to the limitation of buying regulated property. Now since the limitation doesn’t exist, there is no need to require any information connected to a “second home”.

Read more solicitor advice here:


Comments

Loading Facebook Comments ...

1 Comment

add yours
  • Nigel Stanley 12 October 2012 Reply

    I am intersetd in buying property with Land near Dobrich as an Individual Citizen of an EU memebr state. I do not wish to buy through my Bulgarian Ltd Company that was set up 10 years ago to buy another house and land. Do I have to use Notary in the Dobrich area or can I use a Notary with whom I have had dealings in the past in Varna carry out this work.

    Thank you

    Nigel

Leave a Comment

Post