If you can’t find a house that fulfils your needs, then you may find this is the best way forward is to buy a plot of land and build your own house. You will be able to get plots of regulated land with perfect sea view or find nice country scenery for as little as 10 Euros per sq.m. Initially, you may decide to just buy the land and wait until finances permit you to start building. This is a safe way to ensure that you don’t overstretch your budget, yet still capitalize your investment on the growing Bulgarian real estate market. There are several things you need to consider when buying a plot of land inBulgaria. If your plot is not located on a street or main road, then you need to check the right to road access. Sometimes you have to construct a private road to your plot and this could prove to be expensive. The municipality will be able to advise you on where you can build on the plot by showing you the ‘Outline Planning Permission’. In short it gives you detailed information and data about what can be built on the land – footprint area, maximum height of the building, foundation requirements due to density, etc. Once you are armed with this information, you can stake out the size and position of your home to make sure it meets with all your needs.
The process of changing the status of the unregulated land or applying for planning permission can take a considerate amount of time. Once the land has been registered with the local municipality as ‘RegulatedLand’, the owner can continue to obtain building permission and the construction works can start immediately after building permit is granted. Contact us and get professional advice on how to select land and what you can expect before making a buying decision.
