UK New Envoy to Bulgaria Takes Office Armed with Rich Local Experience
Jonathan Allen, the new UK Ambassador to Bulgaria, handed in his letters of accreditation on Thursday after living for a month with an average local family.
The UK Foreign and Commonwealth Office has urged Bulgaria to raise standards and tighten controls in the Real Estate sector in the country.
A letter to Bryan Talbot, who recently won his final appeal after having his dream EUR 98 000 villa stolen from him and sold on three times, was exclusively shown to Novinite.com regarding the issue.
Natalie Luscombe from the European Directorate of the UK Foreign and Commonwealth Office stated that the UK Ambassador in Sofia met with the then Bulgarian Deputy Foreign Minister in early 2009 “to emphasise the need to raise standards and tighten controls in the Real Estate sector and also sought assurances that the problems encountered by British Nationals purchasing property in Bulgaria would be taken seriously at government level.”
Luscombe added that “following the parliamentary elections in Bulgaria on 5th July a new Bulgarian government was sworn in on 27th July our Ambassador (Steve Williams) again raised these issues in his introductory calls on relevant new Ministers.” She continued by praising the “new governments subsequent commitment to promoting more transparent and effective overall public administration, and to tackling corruption much more rigorously than in the past.”
“I hope that the efforts of our Embassy, and the stated commitment of the Bulgarian government, will help, to raise regulatory and professional standards in the Bulgarian Real Estate sector, .....and people who purchased in Bulgaria to have better protection and access to advice in the future,” she concluded.
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New data from the National Statistical Institute (NSI) sheds light on the housing landscape in Bulgaria, painting a picture of the majority of Bulgarians residing in older homes.
Bulgaria has witnessed a remarkable surge in home loans at the beginning of the year, with loans for households for the purchase of houses and apartments reaching a record high of BGN 20.52 billion by the end of February
The housing market in Bulgaria witnessed mixed trends in the fourth quarter of 2023, with overall prices experiencing a modest increase of 1.2%
Bulgaria witnessed a staggering surge in mortgage loans in 2023, totaling a monumental BGN 6.39 billion
Amidst the backdrop of Bulgaria's dynamic real estate landscape, all eyes are on the potential impact of the country's imminent entry into the Eurozone
This information was shared during the presentation of data on the current state of the market to journalists
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