URBAN LAND

Urban Land is land that has been categorised as being able to build upon and comes in 2 categories:

1. Urban land with a project. This is where the current owner of the land has already been to the local Council, applied for a project and had that application approved. This is a secure way to buy land, BUT it does mean that the project has been approved for exactly as detailed.  

example: If the project is for a 3 bedroom villa, then that villa must be built, you can apply for alterations to the project, but because the authorities have approved a 3 bedroom villa does not mean they will accept a 5 bedroom villa instead.

2. Urban Land with Viablilty. This is where no project has been applied for BUT it is thought that no disapproval will be given by the local Council. This type of land is more of a gamble to buy and before deciding to buy you should talk with architects and Council Engineers to ensure that a project will be approve. It is also very important to look at the buildings around the land, are they new, is it a development etc.

RURAL LAND 

Rural Land (Rustica) This is land that may be farmed or has trees or is just in the country and hence not able to build upon. This land is sometimes purchased by people who think they will just put a caravan on the land and live. in 90% of all cases this ends in problems with the authorities winning abattle to have you "evicted"  If this is your planned be warned that these battles can take years of very expensive court cases.

If you want to farm the land or utilise the produce it may produce. If a land has mant Alforroba trees it may produce a very decent income each harvest.  

You may feel that the PDM may change, eventually, and that one day your land may be rezoned as Urban. If this happened then your investment would most definitely increase substantially

Yo may believe that the land is in the area of a new project that may be of National Interest and therefore worth an investment.

The land may be alongside your existing property or adjoining land you own and you wish to stop anyone else buying.

These are probably the only reasons that may make buying a Rural piece of land viable. in 2007 the tax payableupon purchase of Rural Land was 6%

 LAND WITH A RUIN

Land with ruins for small developments is a good opportunity to buy and build, but it too has its risks.

The normal rule to follow is:

What is the original size of the ruin, this is the size you will be able to build too.

What is the exact size of the plot the ruin sits on, this is the size you will buy 

What is the land zoned as, this may determine what driveway, access you can have

How far to amenities, if the plot has no electric or water, how far away is it.

Finally: the project you submit will possibly take as long as 12 to 18 months to be approved. 

We have several ruins available on our main property site www.direct2propertyshop.com