Bulgaria lifts ban on land sales to foreigners

Bulgaria, looking ahead to its hoped-for admission to the European Union in 2007, lifted a ban Friday that prevents foreigners from buying land in the former communist country. In parliament Friday MPs from all political parties voted for the amendments on land sales in Bulgaria's constitution, bringing it into compliance with EU legislation.

There will be however a seven-year transition period before foreigners who are not permanent residents of Bulgaria at the time can buy land. "Foreigners and their legal representatives can acquire the right of property over land, under the conditions following Bulgaria's EU accession, under an international agreement entering into force for Bulgaria, or through inheriting it," read the text of the amendment that finally legalized lands sale to foreign citizens.

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