With the new regulations applied by banks for granting mortgages, it is very important to know how the land where the villa or plot I want to buy is classified, that is, the type of land. The type of land depends on how the City Council has planned that area or urbanization. For this reason, we have to confirm the information on the type of land with the Town Hall’s urban planning department. The Generalitat Valenciana has a website where you can consult how each plot of land the entire Valencian Community is classified, but this data only serves as an initial guide, and it is necessary, in case of doubt, to consult the City Council, since There may be changes that have not yet been updated.
– Urban
– Developable
– Not developable
However, it is important to make some clarifications about these types of land as they affect urban regulations and therefore may affect our purchase decision.ra.
Urban land
The urban land corresponds to the land where the City Council has defined an urban project, with certain uses. The new Law on Land Management, Urban Planning and Landscape, of the Valencian Community, LOTUP, is very demanding, and requires certain conditions for the Town Councils to grant a building license, that is, it may be the case that the type of soil be urban and yet the City Council does not grant a building license.
In general, for urban land to allow a building permit, it is necessary that the urban development project for said area has been developed, including the paving of the streets and sewers for the collection of wastewater. In case of having all the services, this urban land is considered “solar” and will allow any building that complies with the standards established in its Urban Development Plan.
Within said Plan, the uses that are allowed for that land are established, mainly residential or tertiary. Therefore, the ideal land to search for our villa is an “urban” land, with a “solar” condition and “residential” use, in this case the bank can grant us a mortgage from 80% of its value to 100% according to our economic profile.
Developable land
It is the land that is planned to become urban, but is still in the valuation process. If the type of land is “scheduled development” it means that there is already a planned Plan with an execution schedule, but be very careful, because normally there will be no deadlines, and it must be borne in mind that until the land becomes urban the City Council can not give us a building license.
Suelo no urbanizable
The undeveloped land is what we usually know as rustic land. In this type of land we can find villas but you have to bear in mind that they will not allow us to expand the house, it is only allowed to maintain what already exists. In these cases, the bank will give us a mortgage of a maximum of 60% of the value. Within the undeveloped land, it is also important to distinguish the use, since many areas may be protected with specific uses, such as agriculture, forestry, …
