A Moving Plot: The Legal Significance of the Detailed Development Plans under Art. 16 of the Spatial Development Act / 21.09.2022 г.

Imagine receiving a letter that your real estate located in Bulgaria will, in fact, “change” its location within the neighborhood. This can come up as a shock to any international investor in Bulgaria. Such companies might wish to finance certain entrepreneurial construction activity in Bulgaria, and therefore, acquire one or more plots of land. This sort of legal conundrum is indeed possible in Bulgaria and this article will look into its intricacies.

Such a precedent is actually quite possible and common. Ivelina Atanasova, Head of Real Estate and Construction Department and Olga Shopova, consultant from the same department at Gugushev & Partners Law Office, outline some aspects in relation to this specific legal matter through their article in CEE Legal Matters magazine.

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