Foreigners fail to invade
Although the number of transactions increased from 2,103 in 2003 to 2,554 in 2004, the area of land sold decreased by 17 percent. In 2003, the total area of
land purchased by foreigners amounted to 3,176 hectares, while last year the figure dropped to 2,683 hectares. Since May 1 last year, EU citizens no longer need a permit from the Ministry of Interior and Administration to buy property.
land purchased by foreigners amounted to 3,176 hectares, while last year the figure dropped to 2,683 hectares. Since May 1 last year, EU citizens no longer need a permit from the Ministry of Interior and Administration to buy property.
