Transactional: Real Estate Transactions
Bulgarian recent history and diverse landscape make its real estate and urban planning law quite challenging to negotiate.
Besides privatisation and restitution laws, construction and urban planning regimes are frequently overhauled. There are land acquisition restrictions and special administrative regimes for construction in industrial zones. Notably, one third of Bulgaria's territory is under the protection of Nature 2000 network and most construction, infrastructure or energy projects need to account for the corresponding strict environmental regulations. This creates complex legal maze for real estate and construction lawyers which our team is used to traversing.