In September 2017, the Ministry of Infrastructure and
Development announced a project with the goal of modifying specific
laws concerning the real estate investment process (project no.
UD300). The bill is currently being evaluated by different
committees of the Council of Ministers. The most impactful changes
are those regarding the law on spatial planning and
development.
The first significant change is that zoning decisions will be
issued only for developments planned within a built-up area. The
term built-up area means a fully formed, compact, functional and
spatial structure, having a prevalent number of developed
properties, with a dominant function, public roads, utility access,
public transport and social infrastructure, to be specified by the
local councils in special resolutions. Outside of those areas, if
there is no binding local master plan, only specified building
works will be allowed, such as refurbishment, alteration (without
changing function of the
