Large country estates, what you should know
Large country estates, what you should know
Crop Capital Services Crops Capital is the real estate agency specializing in rustic properties in Spain. Our multidisciplinary team of professionals is focused on the sale, management and subsequent connection with the agri-food industry. Sale of rustic properties The intermediation in the sale of rustic properties is based on the preparation and investment in economic and personal means to guarantee success and peace of mind for the owners of rustic properties. The first step is the valuation of the rustic property based on the study of the various uses that we can give to the property, in such a way that its possible market value is increased. Based on the value propositions studied for each farm, a presentation about the rustic farm is developed for third parties interested in acquiring it. The objective of this report will be to provide guarantees and knowledge to potential buyers based on qualified personnel and the incorporation of new technologies. Depending on the type of farm, we will develop a specific action plan made up of an offline branch with face-to-face procedures and an online branch based on a personalized digital marketing plan. Once an interested buyer has been found, and following strict professional rigor and great knowledge of the legislation applicable to each property, legal and tax advice will be developed with the aim of optimizing the owner's resources. Property rental and management To achieve the highest profitability of a farm, a prior study is necessary to determine the possibilities, as well as taking into account the chapter on investors. About us Our team is specialized in Rustic Properties, so we develop personalized improvement plans to maximize the sale value of each property. We have agronomists, economists who are experts in auditing, legal advisers and experts in new technologies, who collaborate with the commercial department to sell the farms. Types of rustic farms There are four types of rustic farms, below, we detail the most important characteristics of each: Agricultural and/or livestock farms: The land of this type of farm is dedicated especially to agricultural exploitation (whether rainfed or irrigated) or to the location of facilities of the livestock exploitation that in turn can be rainfed (meadows and grasslands) or irrigated (meadows). Hunting farms: This type of farms allocates its land to be a hunting space, whether it is larger or smaller. Forestry: These farms are dedicated to the production of trees, wood and derived products. Recreational: In these lands, agricultural activities are not carried out, but the purpose is eminently recreational. Administrative considerations must be taken into account when building. Why buy a rustic property During the worst years of the crisis, the price of this type of property fell considerably, which makes these properties very interesting investment opportunities if done well. In 2018, the NIE registered an increase of 3.9% in the sale of rustic properties in Spain compared to the previous year. Here are some reasons why the acquisition of a rustic property can be a good investment: These types of properties are subject to less speculation. This is reassuring as it allows for greater stability as prices are held over the long term and investments are guaranteed. Offers and demands are much more active in this sector than in urban housing. There are endless possibilities when choosing what to do with the rustic property; from renting it as a vacation home to starting agricultural activities. What does the price of a rustic property depends on? There are many factors that influence the price of this type of property, such as the type of activity that takes place on the farm, since the return on investment will not be the same if it is dedicated to rural tourism than to agricultural activity. or rancher. Other characteristics of the farm that can determine its price are the square meters, the possibility of building, the need for works... Location is also a factor to take into account, since access to community services, proximity to a tourist location and health center or the availability of essential services such as running water or electricity can play a determining role in the appraisal. . At the level of geographical location, within the peninsula the prices are very varied even between provinces. Broadly speaking, and bearing in mind that these approximations depend on the use given to each farm, the communities of Aragón, Castilla y León and Extremadura are the ones that have land with the cheapest prices. What to take into account when choosing a rustic property? It is essential that the objective with which a property of these characteristics is acquired is very clear, since it will be key to determining its daily management, the regulations under which it will be governed or the possibility of receiving some type of subsidy. A rustic property may be subject to municipal, regional or national regulations. It is necessary to take into account what regulations are going to affect the project to verify that it does not interfere with the construction or exploitation plans of the land. In addition to the aforementioned regulations, we cannot forget the environmental protection measures that can also limit or restrict the use of the property; If the farm is within the Natura 2000 Network, it may be affected by various types of zones: - LIC Zone: Site of Community Interest - ZEC Zone: Special Conservation Area - Protected Natural Area: Natural Parks, National Parks, Biosphere Reserves… - ZEPA Zone: Special Protection Area for Birds Subsidies for rustic farms There are several types of grants that a country estate can access. Since a large part of the income of ranchers and farmers depends on these subsidies, it is interesting to know what options each property has. CAP: Set of aid that the EU grants to European countries for the development of their agriculture and make it profitable, as well as support the income of farmers. Aid for organic farming and/or livestock Grants from the GDR (Rural Development Group) regional subsidies You must be very aware of the legal requirements and regulations associated with each of these subsidies, since not complying with any of them can result in sanctions or the cessation of aid. Conclusion As we have seen, there are many requirements to take into account when you want to buy a rural property. Whether you want to buy or sell a rustic property, at Corps Capital we are committed to helping you with all the guarantees and our standards of excellence to get you the best conditions.