Land for sale in Faro, Portugal — €970,000

Land overview

Land classification in this area is mixed. Restrictions associated with the REN ecological reserve and RAN agricultural reserve have been identified in this area. Review the details and confirm all relevant conditions before making a decision.

About this land

Original listing description, in Portuguese.

An exceptional investment opportunity in the real estate sector is presented, consisting of 8 urban lots available for individual sale, located in an urban area under development, with high potential for appreciation. These plots are intended for the construction of multifamily buildings, with up to 5 floors and a maximum number of dwellings between 10 and 45 per plot, allowing the creation of modern residential projects that are highly attractive in the housing market.Lot Characteristics:Gross Construction Areas from 1,170 m² to 5,197.50 m²Maximum Number of Dwellings per Lot from 10 to 45 apartmentsValue per Lot from 970, An exceptional investment opportunity in the real estate sector is presented, consisting of 8 urban lots available for individual sale, located in an urban area under development, with high potential for appreciation. These plots are intended for the construction of multifamily buildings, with up to 5 floors and a maximum number of dwellings between 10 and 45 per plot, allowing the creation of modern residential projects that are highly attractive in the housing market.Lot Characteristics:Gross Construction Areas from 1,170 m² to 5,197.50 m²Maximum Number of Dwellings per Lot from 10 to 45 apartmentsValue per Lot from 970,000 € to 4,500,000 €Types of Buildings: Multifamily residential buildings with 5 floors, ideal for the development of apartments from T1 to T3, with balconies, parking lots and common areasAdvantages for the Investor or Promoter:Acquisition Flexibility: Lots can be purchased individually, adjusting to different investment profiles and development strategiesHigh Profitability Potential: The construction of homogeneous flat buildings allows optimisation of design and construction costs, as well as a more efficient marketingGrowing Market: Location in an expanding urban area, with high demand for new housing, both for sale and for rentInfrastructure and Accessibility: Area well served by road access, public transport, local shops, services and schools Energy Rating: In progress #ref:AMO_245