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Bulgarian home prices tripled over 2000-2005

Date: 29.10.2005

Home prices in Bulgaria's regional centers have increased 1.5 to 3 times over the last five years.

That emerged Wednesday as the country okayed a new tax scheme, which will also affect home taxation.

According to the fresh rules, real estates with a tax evaluation of less than BGN 1,400 (approximately 700 euros) will not be subject to taxation.

The maximum taxation-free income was increased from BGN 130 to 180.

A new levying scheme for incomes has also been approved.

Incomes have been divided into three groups - BGN 180-250; BGN 250-600; and a third group of over BGN 600 - which will determine what taxes will be imposed.

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