The keys to understanding before investing in unbuildable land !

Investing intelligently: Buying land that can't be built on

At first glance, buying land that can't be built on may seem like a strange idea. In fact, the possibility of building on this type of land is nil. However, this investment may turn out to be more advantageous than expected. More affordable than buying conventional land, undeveloped land offers some interesting opportunities that we'll explore in this article. You'll discover why this purchase could fit into your property plans.

Definition of an unbuildable parcel of land

Land is defined as "non-buildable" when all forms of development are prohibited. This means that the construction of a building, house, mobile home or even a simple shed is prohibited.

A plot of land is classified as non-buildable for a number of reasons:

1. The site is considered unsafe for any form of construction (e.g. natural hazards).
2. Essential amenities for a decent life are not available (such as access roads, drinking water, sewerage, etc.).
3. The land is located in a natural area protected to preserve biodiversity, fauna and flora.

Despite these restrictions, these plots are available for sale. Their affordable cost and the variety of possible uses attract many buyers.

How to optimize the use of land that cannot be built on

It's forbidden to build on non-buildable land, but that doesn't mean you can't make the most of its potential. Here are three ways to make the most of your purchase.

Change the land classification

In Luxembourg, if you've bought land that can't be built on, you can request a study from the College of Burgomasters and Aldermen to change the status of the land. If a change to the general development plan is possible, this may allow the land to be built on.

This can significantly increase the value of the land. It is important to note, however, that success is not guaranteed and rejection of the application may mean that your plans need to be redirected.

Creating a recreational area

Land that cannot be built on can be used as a private recreation area. You can put up a tent for camping, a picnic table for barbecues with friends, and so on. These plots can offer lakes, woods and other natural areas for those who like to relax in nature. You can create a large vegetable garden, plant fruit trees or even go horse riding.

Buying and reselling land that cannot be built on

As a property investor, buying and reselling land that is not suitable for building may be another option. These plots of land can increase in value as the market fluctuates, even without any development or servicing work.

Land that cannot be built on can be resold as building land after obtaining a change of classification, thereby generating a significant capital gain. However, even without this change, a resale can bring you a modest profit to add to your property portfolio.

In conclusion, buying land that cannot be built on can be an attractive investment opportunity, despite the apparent restrictions. It offers a wide range of possibilities, from reclassification as building land, the creation of a private leisure area, to resale at a profit. It's a project that's affordable and accessible to a wide range of investor profiles.