Your new home at the town of Smolyan

Dispoition: Entrance hall, living room with dining area and kitchen box, place for sleeping, bathroom together with WC.

Accents

• In the center of the town
• 10 km to Pamporovo resort
• 100 km to the city of Plovdiv
• One hour drive to Aegean sea
• Good investment opportunity
• Eco-friendly area

About the area

Smolyan is a town in the very south of Bulgaria, the administrative center of Smolyan Province. It is situated in the valley of the Cherna ("Black") and the Byala ("White") Rivers in the central Rhodopes at the foot of the mountains' highest part south of the popular ski resorts Pamporovo and Chepelare. This part of the mountains is extremely beautiful. Unlike other bigger European mountains like the Alps, for example, the mountain chains there are slanting, they smoothly unfold in all directions and the climate is not at all severe. Century-old spruce forests grow at the highest parts of the mountain and beech and pine trees occupy the lower parts. The view which opens out from the highest points of the mountain are really overwhelming. The climate there is mild. All the four seasons are normally disturbed throughout the year. The summer there is cool and calm and the average temperature is of 19 degrees. The winter is long but mild, as well, as the influence of the Mediterranean climate is greatly felt .

Construction type: Brick

Year of construction: 2008 Year

Stage of construction: the building is completed up to the roof cornice

Completion date: 10.2009

Number of bathrooms: 1

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Joinery: PVC

• New development
• Elevator
• Security
• Garage

Agent's valuation of the offer Excellent!

See the project

Acquisition 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.