|
The Communist rule of Moldova meant that property and land was owned by the state, as opposed to by the people. At the fall of the Soviet Union and the country’s independence, the people inherited their properties and the real estate market opened up. Whilst things have only been moving slowly since, there has been some improvement in economic fortunes of the country, and an impetus on foreign investment means that it is getting easier and far less bureaucratic for foreigners to purchase property in the country. It should be noted that as a former Communist state, Moldova is subject to the same potential pitfalls as other former Communist countries and all land titles should be checked in detail by more than one independent party to ensure legality of ownership, as reclamations can be lost and confused over time.
|
|