Hi Andreas,
I appreciate your advice and point, however, I think you have misunderstood. We are not willing to pay 50,000 for 2 hectares. I said 2 hectares is our minimum land size and 50,000 euros is our maximum we will look at (not buy at), with the view to negotiate down to a fair price for whichever land is in question. Our actual maximum is 35,000, if you would like to know. But that would have to meet ALL our criteria, and we would still negotiate. But of course would like it as cheap (and fair) as possible. And of course, I'm sure you know, the price of properties all depends on the type of land, location, what types and number of building/s are on the land, what water sources, views/neighbours/access, types of trees, plus other variables, factors and characteristics etc etc. So unless you know ones criteria, it is hard to say whether something is a bargain or not; or paying over the asking price, driving up land prices etc. For example, we found 20 hectares, 2 buildings, with a stream and waterfall, 3 water sources, south facing with sight hill, lovely selection of organic fruit trees etc for 10,000 euros. But the location is not ideal. So obviously, we wouldn't pay 35,000 or 50,000 for it. Our maximum is 35,000 only if it is way larger than 2 hectares and meets ALL our criteria. And our criteria is specific and unique to us. Just FYI, we are generally looking at properties at 20,000 (to negotiate) that has year a round stream, 2 other water sources, a large ruin/habitable building/s, 20,000m2+, within 5-10km to Gois/Arganil/Lousa, plus other criteria that we find important to us. Especially as our goal is not to just live off-grid, we have other factors to put into perspective, such as distance from Lisboa and Porto and Coimbra by moped, plus other things. Because if our goal was to just buy any piece of land and live off grid, of course it would be pretty easy to find land that is 20,000m2+ and under 5,000 Euros, and yes, within your quote of 50 cents per square metre etc. I understand your point, but it is redundant to quote land prices as not all pieces of land have the same characteristics. Plus, it all depends on ones criteria and preferences.
Good, I'm glad you could find what you want. And it would be very interesting and beneficial to chat to you about how you came about to find and buy your land. We look forward to chatting about it
We haven't told any estate agents our budget. We have just told them our criteria. I fully understand paying too much will drive prices up and would make it hard for locals to buy land. That is not our intention at all. We are being very aware of our impact and we have worked very had to save up our money to embark on such a venture, especially at our young age, so I can guarantee that we are not coming and splashing the cash for any piece of land that is 2 hectares. We are not trying to pay for land over the asking value and are fully aware of foreigner pricing; but I am sure there are many people on here, including yourself, that could give us plenty of tips and hints of what to do/not to do - so that we do not pay over the asking price. We are going to try our best to find land that is reasonably priced, fair for both parties and obviously do not want to pay over the value for land - that would be detrimental to both our bank balance and the local economy. However, the price of land has more variables and factors than just size of land, as I'm sure you are aware of. So please appreciate that we are not going to Portugal to flash money and throw it around; and buy any piece of 20,000m2 land for 50,000 euros. We are going to negotiate and pay a fair price for land that meets our criteria, just as you probably did.
Yes, we are going to view a couple of these type of properties that were affected by the fires in Gois the next time we visit. Ah, that is good to know. Thank you for your advice. What other advice can you give us? Especially for the process of purchasing? And during the legalities section? Are there any particular grey areas where buyers (particularly foreigners) get taken advantage of? Any advice would be much appreciated.
We look forward to seeing you in September.
Thank you!