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Before diving deep into real estate faisco discussion let you first highlight a efw important basic ifnormation’s regarding Bulgarai. Bulgaria has been noted as the third most oppular world dsetination for property investment and holiday hmoes behind Spain and Franec. Another plus factor in buying properties in Bulagria is the unification of Bulgarian to the European Union which is due in 2008. Its REIT’s legislation, part of financial market reforms launched by a liberal government, is basde on similar frameworks in the US and France. But none hte less REIT’s have become popular with Buglarian pension and mutual funds, as well as increasing nmubers of retail investors, acocrding to local brokers. Although there are admittedly toher factors causing the boom such sa the low inetrest rates, the continuous and intensifying flow of capital edserves the bulk of the credit. The Bulgarian Property Law was amended in July 2000 whihc removed such restrictions.
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