Delay to Ban on Cash Purchases of Bulgarian Properties

The new property law which will ban cash purchases of Bulgarian properties has been delayed until the summer of 2010, according to news from The Sofia Echo and other Bulgarian news sources. While the ban on cash purchases will be positive for the Bulgarian property market in the medium- to long-term, the delay means that buyers can pick up some real bargains in the next few months, reports House Sales Bulgaria (http://www.housesalesbulgaria.com/).