You see theses posts a lot: here's some cheap rural land in Portugal, Spain or Italy, what a dea

You see theses posts a lot: here's some cheap rural land in Portugal, Spain or Italy, what a deal!

Americans and Western/Northern Europeans start drooling immediately, imagine having a big piece of farm land with olives or grapes in Southern Europe? We could renovate it and build it into the place of our dreams, and cheap! Who doesn't want a farm these days

But then you find out it's bullshit

Because it's not like American rural land where you have pretty much full freedom to do whatever you want this, and usually there's even less freedom than in Western/Northern Europe in this case

9 out of 10 times you can't do anything with it because Southern European land is highly protected: it's usually a mix of buildable (in Portugal "urbano") and non-buildable (in Portuguese "rustico") land usually, the buildable part is the house, but even if you'd like to tear it down, you can ONLY rebuild it in the exact same design as how it looked before

And the non-buildable land you can literally do nothing with but just look at

Say goodbye to your dreams!

It's mostly useless land and no you also can't turn it into a hotel or Airbnb unless you are a Southern European local and a member of the local municipality where you can green light any conversions of non-buildable to buildable land or give yourself an Airbnb or hotel license

Which is by the way how many people in government here get rich, buy cheap non-buildable land for €50,000, convert it to buildable and sell it to a foreign hotel chain or developer for €1,000,000 or more (a 20x gain at least!)

But you need connections or bribe people!

Which foreigners can't and won't, because foreigners are new to a country, don't have 40+ years of connections to get stuff done and generally won't bribe

So be honest: it's useless land

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Tim (@TimurNegru)

A family in Portugal is selling their 40-acre estate.

It's inside a protected natural park. Farmhouse restored in the local style. A natural spring, a stream running through the land, two dams, and a well 75m deep.

It also has olive trees, fruit trees, and a cork oak forest.

In Portugal, cork oaks are protected by law. You can't cut them down. But every 9 years you can harvest the bark, and it grows back. The harvested cork goes into wine stoppers, flooring, insulation, handbags, shoes, even aerospace panels. This estate's trees currently hold about 24 tons of it.

The estate covers three parcels. The house sits on the first and can be expanded by over 50%. The other two have potential for new builds.

€782k ($920k), direct from the owner. Happy to do an intro for anyone seriously interested.

Serra de São Mamede, 2km from the Spanish border. At night, there's no light pollution and according to the owners you can see the Milky Way.

What would you do with a place like this?</p…

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