Hi, my dad wants to sell a small patch of land, currently designated as garden (looks more like dumpyard, ie old wood shacks and high grass there, no gardening equipment whatsoever). I did not yet investigated prices but its a propspering rural village which expands slowly but steady. He asks about 15k EUR for what i guess a 100x50 meter, where roughly 2/3 is a hill slope.
The interesting part is, that this is located about 200m from the village, between the connecting land road and the vilage. It may some time become alowed to be built on (currently only argicultural use is permitted), which will raise its value significantly. The hook is, we talk about a timeframe 10yrs-> never.
So the question is, is it a good speculation?
In my eyes i better leave the 15k in money producing assets instead of investing it in a insecure gamble. Especially since i have no idea what else i could use the land for, i am about 20 minutes car travel away from it.
What is your opinion on this?
Edit: we are talking about southern germany here, and i have no emotional investment there currently.