Bulgaria set up a special body that is to work for equalizing the real estate market standards of the country to those of the other EU member states.
Bulgaria set up a special body that is to work for equalizing the real estate market standards of the country to those of the other EU member states, an independent branch organization announced Friday.
The new committee is to regulate the activities of the real estate agencies and will help to diminish grey economy in the sphere, chair of the National Real Property Association Lachezar Iskrov said.
Head of the regulatory body was elected Asen Makedonov, who is manager of one of the biggest real estate companies in the country.
According to experts, Bulgaria leads the Balkans on the real estate market by offering some of the best property investments in Europe. High quality residential complexes are available at low prices, in areas that are very attractive to foreign tourists.
However, every year the authorities are signaled over more than 20 frauds related to sales and purchases of real estate properties
