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BREAKING NEWS - cash payments for property deals to be ended
New rules dictating that all property transactions with a purchase value of more than 10000 BGN must be carried out via bank transfer were approved in January and it is envisaged that this will become law in May or June of this year. The new legislation will require that vendor and buyer specify their bank accounts for conducting a property deal - alternatively, payments can be processed through the account of their notary public. The conditions for depositing money into bank accounts will be specified by the respective parties in written agreements. more to follow ...

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