Private Mediterranean Island – For Sale
The United Nations Convention on the Law of the Sea, defines an island as a naturally formed area of land, surrounded by water, which is above water at high tide.
There are many thousands of uninhabited islands in the world but not all can be privately owned. There are however islands in many areas of the world which are available to private ownership. Some islands can be bought undeveloped, while others include buildings and infrastructure. Most islands are purchased for either residential privacy or commercial development for tourism.
"Private" islands in many countries including the United Kingdom, are not legally private – any foreshore, such as beaches, is owned by the state, and is hence publicly accessible property.
A number of important points are necessary considerations before buying an island.
• Has legal ownership been established?
• If you are a foreign national are there any restrictions on ownership and/or development?
• Is there a means of access? If surrounded by shallow waters which will only take a canoe, it would be very difficult to bring in building materials. A natural harbour is a major asset.
• How close is the nearest airport?
• Is there a mainland or island community nearby with hospital, emergency services and provisions?
• Is there fresh water? Some islands require desalination plants, which can be very expensive.
• What services are available? Solar- or wind-powered electricity, generator, septic tank are basic requirements.
• Is the host country politically stable?
Further information
www.melnickhouserealty.com
Email:- info@melnickhouserealty.com
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