Bulgarian Properties
Home Company Services Properties Bulgaria Bulgarian Regions Contact us Български Руский

News

Adjustments for municipal estate swaps revised


 After parliament adopted 3 bills of correction to the Municipal Property Act on first reading was decided that the legal changes will limit the swapping of municipal for private estate.
Ups and downs will be done only on the initiative of municipalities for the intention of implementing infrastructural or investment plans. Accordance with the 2th bill, municipal estate will be sold only by public bidding, except when estate is liquidated. 
The modify of possession from public to private or vice versa will have to be endorsed by 2/3 of the municipal counsellors. Nowadays, only a plain majority is demanded.
The 3th alteration is aimed at averting the detain of alienation of estate when the owner disputes the price in court.
 



Back to news