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Can you sell a farm?
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<blockquote data-quote="Old McDonald" data-source="post: 7517552" data-attributes="member: 47276"><p>The simple answer is that there are no local buyers. Obviously “everyone” in the locality knows it is for sale and that I have had a heart operation. It often seems half of Portugal is for sale and there are vast tracts of land that are not used. Such land is cheap, but unproductive.</p><p></p><p>Rural Portugal can generally be considered to be similar to the Scottish crofting townships of the past. It is extremely rare (particularly in this general area) to find agricultural land with a good house on the land. Almost as rare to find the remains of a house from the past. Farm land was not lived upon. Our property is the only one which I know of that has what many rural dwellers in northern Europe would consider to be essential services of mains electricity and potable water – in this case mains water, something we have never previously enjoyed. The norm is for there to be small parcels of land outside villages and the landholder lives in one of the nearby villages. I know of an English person who bought one such village house (5yrs ago?) and not in good order, but with a newish roof, mains electricity, water and sewage for only €9,000.</p><p></p><p>Like many other places in the world, it is unusual for the local population to buy the more expensive properties. Very few will have the money. Also, as with elsewhere, there has been a tremendous influx to the cities from villages in the last two generations and it appears to be continuing. I would guess that I have seen several hundred tower blocks of flats constructed in Castelo Branco, with a corresponding large increase in the size of the city’s industrial estate. The people who have chosen to live an urban lifestyle do not move back out to rural areas. Some of them do work the small bits of land owned by their parents/in laws but they also hold day jobs in town and only work the land at weekends, often only a vegetable plot.</p><p></p><p>Given the low level of wages it is unlikely most folks would ever aspire to owning what we are offering for sale. The price is very low compared to a similar property in northern Europe, but we are not in northern Europe. Do a bit of research to find out what a similar property would be priced at in the UK. It would be just as difficult for an average wage earner there to buy those properties as it is for local people to buy this. True, as everywhere, there are highly paid occupations, but those people do not normally want to farm in their spare time.</p><p></p><p>The property is most suitable for someone’s early or semi retirement, and I set it up for a minimum of work being required. Being the size it is it will never make a high income directly from standard agriculture. It might if it had some intensive enterprise or a diversification stream, such as horse riding or overnight accommodation, but that would mean more work.</p><p></p><p> Alternatively a younger couple might see it as a first step towards a farming life. That approach can work. Our first property was a similar house to this and buildings with 9 acres of rough grazing. The most we have owned is a bit more than 3000 acres. I had a head start of some experience by having been brought up on father’s smallholding, al of 2 acres, so no bigger scale experience, but I did know a little.</p></blockquote><p></p>
[QUOTE="Old McDonald, post: 7517552, member: 47276"] The simple answer is that there are no local buyers. Obviously “everyone” in the locality knows it is for sale and that I have had a heart operation. It often seems half of Portugal is for sale and there are vast tracts of land that are not used. Such land is cheap, but unproductive. Rural Portugal can generally be considered to be similar to the Scottish crofting townships of the past. It is extremely rare (particularly in this general area) to find agricultural land with a good house on the land. Almost as rare to find the remains of a house from the past. Farm land was not lived upon. Our property is the only one which I know of that has what many rural dwellers in northern Europe would consider to be essential services of mains electricity and potable water – in this case mains water, something we have never previously enjoyed. The norm is for there to be small parcels of land outside villages and the landholder lives in one of the nearby villages. I know of an English person who bought one such village house (5yrs ago?) and not in good order, but with a newish roof, mains electricity, water and sewage for only €9,000. Like many other places in the world, it is unusual for the local population to buy the more expensive properties. Very few will have the money. Also, as with elsewhere, there has been a tremendous influx to the cities from villages in the last two generations and it appears to be continuing. I would guess that I have seen several hundred tower blocks of flats constructed in Castelo Branco, with a corresponding large increase in the size of the city’s industrial estate. The people who have chosen to live an urban lifestyle do not move back out to rural areas. Some of them do work the small bits of land owned by their parents/in laws but they also hold day jobs in town and only work the land at weekends, often only a vegetable plot. Given the low level of wages it is unlikely most folks would ever aspire to owning what we are offering for sale. The price is very low compared to a similar property in northern Europe, but we are not in northern Europe. Do a bit of research to find out what a similar property would be priced at in the UK. It would be just as difficult for an average wage earner there to buy those properties as it is for local people to buy this. True, as everywhere, there are highly paid occupations, but those people do not normally want to farm in their spare time. The property is most suitable for someone’s early or semi retirement, and I set it up for a minimum of work being required. Being the size it is it will never make a high income directly from standard agriculture. It might if it had some intensive enterprise or a diversification stream, such as horse riding or overnight accommodation, but that would mean more work. Alternatively a younger couple might see it as a first step towards a farming life. That approach can work. Our first property was a similar house to this and buildings with 9 acres of rough grazing. The most we have owned is a bit more than 3000 acres. I had a head start of some experience by having been brought up on father’s smallholding, al of 2 acres, so no bigger scale experience, but I did know a little. [/QUOTE]
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