There is never a bad time to buy land. Land is always a commodity which gives a good return to any would be investor.
Land; from a different viewpoint is also the site on which a dream can be realized and for many people this dream consists of a building which provides them with a place to escape to.
Whether it be a shack or a mansion; the important thing is that it is essentially a home away from home. A place to kick off your shoes sit back and relax.
Own a Piece of Bulgaria
Bulgaria provides many opportunities to purchase land, in large or small amounts (depending on the buyer's wishes and the depth of his/her pocket).
As in every other country location will affect the price you will have to pay and it goes without saying that holiday resorts (including beach or sea side properties and ski resorts) will tend to fetch higher prices.
Prices will also be higher in cities with Sofia being top of the list.
That is not to say that cheaper prices cannot be found in all of these types of locations but the rule is that these cheaper property opportunities will tend to be in areas which are further away from resorts and cities.
Everyone will have their preferences and there are many beautiful places to buy land where prices will be lower than in those mentioned above. You may have a hankering for the peace and solitude that country living brings. Or you may wish to live in an area where hunting and fishing is accessible.
Hot springs or mineral springs may appeal.
Health spas may be your bag.
All of these and more can be found and you will be able to find a piece of land which will belong to you (once purchased).
However because there are laws related to land in Bulgaria just as anywhere else. We have already talked some of the problems in the legal section but there is something else which you should be aware of.
Laws Regarding the Classification of Land
As in Britain there are areas left over to agriculture and where land is nominated as agricultural there will be a corresponding drop in price. This is because (generally speaking) building will not be allowed.
It is possible to build however if the piece of land is big enough to qualify for assignment as an agricultural property on which a house can be built (contact us for details)
It is essentially "greenbelt"
Greenbelt of course is a misnomer because in Bulgaria this type of land is known as unregulated that is to say it does not fall into the areas affected by plans for development. Regulated land does however and therefore building will be allowed. Plans will still have to be submitted prior to building or rebuilding.
Land development is regulated by municipalities and it is possible to have unregulated land re-designated, As a general rule however rescheduling is easier to achieve in smaller municipalities than in larger ones.
Certain factors will influence decisions made, these may include plans for intended use or the availability of water and power for example. In any case there will be a cost which is governed by the municipality and there will also be a time scale which can be between 5 and 9 months before decisions are made.
We can help with this see our services or contact us for details
The services of a lawyer will have to be employed to accomplish this and also the services of an architect will be advisable.
There is a point to be made here and that relates to the apparent 'cheapness' of the land available. The cost involved will have the effect of making the land more expensive in the longer term. That is unless you are prepared to build a small farm building which will be used to assist you in growing crops!!
Bulgaria provides many opportunities to purchase land, in large or small amounts (depending on the buyer's wishes and the depth of his/her pocket).
As in every other country location will affect the price you will have to pay and it goes without saying that holiday resorts (including beach or sea side properties and ski resorts) will tend to fetch higher prices.
Prices will also be higher in cities with Sofia being top of the list.
That is not to say that cheaper prices cannot be found in all of these types of locations but the rule is that these cheaper property opportunities will tend to be in areas which are further away from resorts and cities.
Everyone will have their preferences and there are many beautiful places to buy land where prices will be lower than in those mentioned above. You may have a hankering for the peace and solitude that country living brings. Or you may wish to live in an area where hunting and fishing is accessible.
Hot springs or mineral springs may appeal.
Health spas may be your bag.
All of these and more can be found and you will be able to find a piece of land which will belong to you (once purchased).
However because there are laws related to land in Bulgaria just as anywhere else. We have already talked some of the problems in the legal section but there is something else which you should be aware of.
Laws Regarding the Classification of Land
As in Britain there are areas left over to agriculture and where land is nominated as agricultural there will be a corresponding drop in price. This is because (generally speaking) building will not be allowed.
It is possible to build however if the piece of land is big enough to qualify for assignment as an agricultural property on which a house can be built (contact us for details)
It is essentially "greenbelt"
Greenbelt of course is a misnomer because in Bulgaria this type of land is known as unregulated that is to say it does not fall into the areas affected by plans for development. Regulated land does however and therefore building will be allowed. Plans will still have to be submitted prior to building or rebuilding.
Land development is regulated by municipalities and it is possible to have unregulated land re-designated, As a general rule however rescheduling is easier to achieve in smaller municipalities than in larger ones.
Certain factors will influence decisions made, these may include plans for intended use or the availability of water and power for example. In any case there will be a cost which is governed by the municipality and there will also be a time scale which can be between 5 and 9 months before decisions are made.
We can help with this see our services or contact us for details
The services of a lawyer will have to be employed to accomplish this and also the services of an architect will be advisable.
There is a point to be made here and that relates to the apparent 'cheapness' of the land available. The cost involved will have the effect of making the land more expensive in the longer term. That is unless you are prepared to build a small farm building which will be used to assist you in growing crops!!
