Quote:
Originally Posted by PeixeGato
I am also curious about buying land for development, but have no idea how to look into the legal side of development (i.e. finding out how buildable a plot of land really is, who owns the neighboring plots, getting permits and approval to develop the land, etc). I'm guessing a good local real estate lawyer can assist with that. Again, the issue is finding a good one. I have also considered buying land and holding it to resell to larger developers, but that is a very risky strategy as waiting for a developer to be interested in your specific parcel of land could be like waiting for your numbers to be called in the lottery.
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Greg,
Land is pretty difficult to find out there without the help of an agent as a lot of it isn't marked or even obviously listed for sale.
Have a look at the
listings on our site, we have two people out there scouting around for us to find them and they find most of it through their local contacts.
There are some fairly obvious rules to follow when looking at land to see what your chances are of getting a license for the project you want. They are mostly to do with environmental factors like how close to the beach, rivers, mangroves, lakes, atlantic forest and of course wildlife. Local planning laws are very strict in some places and not in others. The fun bit is that in Natal you require 7 licenses all up before you can start building.
If you are serious about buying a large plot of land and want to go out to Natal then I can get one of our guys out there show you around and also introduce you to a lawyer we deal with a lot who is very good at getting all the required licenses.
Rob