The real estate market – between the professionalists, the institutions and the investment opportunities – Ruse and Shumen

On February 27, 2014, in Shumen and Ruse, discussion meetings were held between representatives of NREA’s Managing Board and the members of the regional structures, including colleagues from the branch.

Questions regarding the regulation of the branch and the adoption of a law on broker activity were discussed. Pros and cons of the state and branch regulation of the activity of real estate agencies were also considered. There was a discussion concerning the issue of creating a register of the real estate agencies and brokers, and criteria and demands for registration. Another subject of the meeting was the organization of validation and qualification courses on the “Broker” profession in the separate regions, to ease their implementation and reduce the expenses. Important matter of the meeting in Shumen was the amount of tax assessments, which, according to the colleagues of the region, are higher than the estate market prices with 10-20 %. An opportunity to initiate a meeting with the municipal authorities in Shumen to discuss the issue was considered by NREA.