Respectful ‘meadow villages’ – what to consider when buying such a plot of land

Demand for building plots has grown significantly since 2019, driven in particular by the Covid-19 pandemic, and the echo of the war in the minds of people is sowing the idea of ​​security and living further away from the city. With the supply of both “normal” land and property in horticultural cooperatives shrinking, people are often ready to buy land even in places where there is no developed infrastructure.

It recalls the previous boom in the real estate market. One of the features of that time was the so-called meadow villages – in fact, promises of a nice life in a place where nothing existed at the time were often traded. Some of the more enterprising people had embarked on such projects, relying on endless market growth, generous bank financing, their ability to create new settlements, but some were also skilled workers who had no such intention at first. Often these pieces are bought with the aim of selling them more expensive after a while.

However, since the crisis that followed the boom, market participants, banks and local authorities have learned less and are more cautious. In turn, buyers – like who. Delfi explains what to consider when considering the purchase of such a plot of land.

Explore “what’s what”

Before buying a property, experts call for homework.

There are people who appreciate the plot “on the eye”, they like it, and they buy without special research, because it seems that everything will be fine, admits Dubane, however, before taking such a step, it is desirable to check several things. Experts urge potential buyers to make sure the developer is trustworthy.

She recommends gathering information about the developer, the seller and its experience, albeit in an elementary way, by asking market specialists.

Agile workers could still happen on the market. Usually, a 4 to 5 hectare plot of land is bought first, where there is nothing. Later, the Ltd. or a private individual sells it as a village on smaller building plots, telling them that there will be roads and everything else. It may be that in the future, the new owners themselves, for example 20, will have to deal with development and construction if they want to move on with the village. In turn, the “businessman” will already be in Cyprus or other “distant blue”.

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