Cheap land in Spain – excellent investment opportunities
Spain, as a developed European country, provides ample opportunities for investing capital in any type of property. You can easily invest in housing, commercial properties or purchase land. If you want to build a house according to your own design, generate income or use the land for agricultural needs, buy cheap land in Spain. Today you can purchase a plot of land for a fairly attractive price, because the local real estate market is rich in properties for every taste and budget.
First of all, it is worth noting the diverse landscape of Spain. There are fertile valleys, hills, mountains and sandy beaches. Everyone will be able to find an attractive property that matches their plans and financial capabilities. Spanish legislation provides virtually no restrictions when buying land for the construction of houses or development of business by both residents and non-residents, since the Spanish authorities in every possible way stimulate investment in the national economy.
However, it is important to consider that when purchasing land, its purpose is of great importance. For example, the construction of a multi-apartment residential complex for subsequent apartment-by-apartment sale on a site intended for the construction of a private house for personal use is strictly prohibited. The cost of land is influenced by many factors: from the location of the site to the structure of the soil. Of course, prices for land in large cities and near the coasts differ significantly from the cost of plots in rural areas. However, cheap land for sale in Spain can be found in any province.
Naturally, any buyer is interested in land for sale in Spain cheap. It should be noted here that land plots are divided into the following types:
- plots located in cities with connected utility systems (gas, water, sewerage, roads, electricity, etc.);
- areas remote from existing utility systems with the possibility of connecting them;
- agricultural plots intended for crop and livestock production, where residential or commercial construction is prohibited.
Why you should buy cheap land in Spain
Buying cheap land in Spain opens up great prospects for you, because what could be more reliable than investing in a tangible asset. You can engage in viticulture by setting up a vineyard on the plot, growing organic vegetables and fruits, and creating your own agricultural business. You can build the house you have long dreamed of and directly participate in the creation of the project and construction. You can start a business in the field of recreation and tourism by opening a campsite or hotel.
Examples of inexpensive land plots for sale include the following real estate:
- a land plot with an area of 2365 sq. m in the Sierra de Monovar (province of Alicante) is located in the Valley of the Grapes and has an agricultural purpose. Olive trees grow on the plot. The village of Sierra de Monovar is famous for its wine production, is well connected by transport system to the cities of Alicante and Elche, and the beaches of the Costa Blanca are 20 kilometers away. The price of the plot is € 13,000;
- a plot of land with an area of 460 sq. m is located in Llagostera (province of Girona). The area is sunny and perfect for building a house, since the water system and sewerage are connected to it. There is a paved road nearby and there is lighting. The owner has a building permit and a residential building project. The beaches of the Costa Brava are a 20-minute drive away. The price of the plot is € 32,000;
- plot of 260 sq. m for sale in Algezares (province of Murcia), located in the center of the town, all utilities are connected, there is permission to build a house on three levels, which significantly improves the possibility of rational use of space. The price of the plot is € 49,000.
When choosing cheap land to buy in Spain, you need to consider the following factors:
- assessment of the development potential of the area where your chosen plot is located. If the prospects are good, the price of your plot will rise;
- checking the documents, making sure that the property is legal, that there are no outstanding debts or other problems;
- planning your budget correctly, taking into account not only the cost of the property, but also other expenses such as taxes, fees, and unforeseen expenses.
Buying a plot of land in Spain can make your long-time dream come true, but it can also cause inconvenience, anxiety and unnecessary expenses, especially if you do not know the intricacies of Spanish legislation regulating the land market. If you are unsure of your own expertise, there is an excellent opportunity to solve the problem by contacting the specialists of WTG Spain. With their help, the purchasing process will be carried out professionally and efficiently.
