Many see that there are huge problems with the way that Real Estate transactions are conducted in Bulgaria. They want to see legal and structural changes that will give protection and a legal framework in the Bulgarian property market and enable them to seek redress for their losses and to prevent such problems happening again.
The main problems that need to be addressed are:
– Lack of sustainable infrastructure for developments
– Inadequate legal system
– Lack of planning and regulation in the Property markets.
– Lack of regulation in the Real Estate Industry
– Bulgaria’s poor reputation as a tourist destination
According to the BPAG these are the main causes that have lead to the blood bath of problems that are occurring in Bulgaria (and other countries) right now. They see the need for these issues to be addressed so that people can find solutions to their problems, seek redress for their losses, and ensure their investments will be sustainable in the future.
The BPAG will welcome dialogue with individuals and other groups and would be happy to discuss with them what can be done to support and help. Likewise they welcome suggestions of structural and legal changes that you would like to see in Bulgaria and the UK that would help individuals seek justice and resolve their problems.
The Group is working to bring about change, by asking people to register their problems so that they can quantify how big the problems are and how many people are involved.
Individuals can get involved by registering their problems at http://bulgaria-property-action-group.com/registerproblem.asp
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