Rustic Plots
Why would you buy a Rustic Plot?
This is a question that so many people ask, often they are told that by Estate Agents that buying one is fraught with problems and difficulties, though this is not the case, did you ever wonder who actually buys a Rustic Plot and why? It will not be surprise to find that the biggest owners of Rustic Plots in the Marina Alta, (Teulada, Moraira, Javea, Denia and the Jalon and Orba Valleys) are Spanish.
So why do they buy them? Local Spanish investors have been making huge investment gains in Rustic plots for many years, in the past 10 years prices per square meter of Rustic land has increased year on year. There is a very good reason why local Spanish Investors purchase Rustic plots, namely investment return, as Urban lots near the cost have almost disappeared, and if they are available the cost is prohibitive.
A case study of Rusitc plots in Moraira has shown that an orignial investment of €36,000 could grow to over €800,000 with the land being zoned for Urbn development.
The Spanish will purchase a Rustic plot and then look to other land owners to increase the size of the plot to over 10,000 square meters, this means that a property of 200 square meters can be built. The price of a Rustic plot can vary greatly depending, but MediterraneaVillas have a plot of over 10,000 sqm for 180,000, this means that you can build a unique Country house, with 10,000 sqm, depending on the selected finish for around €500,000. Proeprties of this size, currently market anywhere from €700,000 upwards
One requirement is that the land is maintained, though most local people simply high a local person with a tractor to clean the land, for around €300 per year.
The one thing you need to do when purchasing a any Rustic Plot is to work with a Real Estate Agent who can guid eyou through the whole process and comes with recommendations from clients who have done this before, Mediterraneavillas are an experienced Real Estate Agent who specialise in Rustic land and the permissions required to undertake projects on them, we are registered with the API, we have all necessary Insurances, feel free to ask us for more information, we are here to help you.