I would say for 2m for 125/130 squ/m Bungalow would include a European type kitchen and top quality fixture and fittings.
Its not something that everyone can do but to find a builder to build on a price and then you buy all the materials is going to save you loads of money .It is a full time job for 3 months whilst the house is being built but you have total control over the build price to an extent. You can choose every thing from door handles ,tiles,Bathroom fittings before you even start . Me, Tom and Trevor all have nice liveable Bungalow's IMO that all came in at under 1m and were all built by finding a builder to build on a fix price for labour only. For us it was quite easy, I have worked in the building industry all my life ,I helped Trevor and Tom had bought land and built houses in the UK plus had worked in a Builders merchant after retiring from the Police.( Tell me if I have got it wrong Tom ) .Tom's Bungalow is lovely and was well under 1m. So for 2m I would say you could have a very nice Bungalow indeed ....