Home in Bulgaria

By: surrinder Ahitan
Many people who are considering the possibility of buying a house or another in Bulgaria worry about what they might end up paying taxes on property that
they could end up paying. In years past, one reason that only a fraction of the population was able to take advantage of homes in Bulgaria focused on high taxes that times were often associated with ownership
in this country.
With the change of government occurred in Bulgaria since the 1990s, significant land reform programs were implemented throughout the country. The pace of reforms accelerated when it was determined that Bulgaria would be admitted into the European Union in 2007. The net result was that property taxes should be considered an obstacle to home ownership in Bulgaria.
Indeed, at present, Bulgaria strengthens one of the lowest real estate tax regimes of any country in Europe - including countries that already enjoy full membership status in the EU. It is important to bear in mind that prior laws that imposed a heavy tax burden on foreign nationals who have bought homes in Bulgaria have been eliminated in their entirety.
In addition to lower property taxes, the government of Bulgaria has adopted other laws to encourage private ownership in the people of Bulgaria, further driving demand for homes for sale in Bulgaria. The Government of Bulgaria has undertaken to promote and
promote investment real estate in general and specifically to the property across the country.
To this end, the government eased the tax burden of those who own real estate and has modernized the banking system to lend more real
widely available to people interested in the property in the country, including houses to buy and own in Bulgaria.