Land for sale in Álora
Land for sale in Álora -H37A-
This property is in a beautiful spot with views of the village of Álora, in the area known as Los Lagares – Arroyo Ancón – Álora. It comprises a thirty-five square metre house and an estate of nine thousand six hundred and seven square metres.
As for the house, although detached, it has nearby neighbours who live in their houses occasionally. The five owners have a signed agreement, with a plan approved by an architect, setting out each owner's access to their respective property as well as the use of the two wells the five owners share.
The house is on a 372 m² plot and has water and electricity connections within it (contracts with the mains still to be arranged). Although the house has large, strong walls, it needs a roof and an internal layout to be habitable. Note also that the house currently only has an IBI receipt as documentation, but the deeds can be drawn up without any problem.
As for the land, it comprises three registered plots with deeds, containing 290 olive trees in full production, yielding around seven thousand kilos of olives a year, and 20 carob trees.
One more point: the distance from the Álora road to the house is eight kilometres of track, but there's also a way out towards the village of Almogía, where the nearest road is six kilometres away, so it's never cut off.
Benefits
Long-term returns
Land investments are highly profitable and their value generally rises. In a good location, the return can be up to 20% a year, higher than any bank could give on your savings or investment. However, success lies in analysing the property properly.
Tough economic times? Protect and grow the value of your money
When a country faces economic difficulties and currency depreciation is imminent, the best option is to invest in land: as well as gaining value, as long as you choose well, you'll ensure your assets aren't lost or reduced in value.
A safe return
Bear in mind that property investments are medium and long-term investments, which is precisely why you'll always have a safe return. Ideally, have an expert advisor help you get the best possible return.
Land is a finite product
This means investing in land is safe: nobody is making more land to sell, so you own a limited product and, with population growth, its value can rise as demand increases.
Construction
This is one of land's greatest assets, as it lets you build a house you can personalise completely, to your taste and at your own pace, which can be a great opportunity.
In accordance with Junta de Andalucía Decree 218/2005 of 11 October | the customer is informed that notary fees | registry fees | ITP | estate agency fees and other costs inherent to the purchase | are not included in the price. The consumer is entitled to receive a copy of the corresponding abbreviated information document for the property.
