Land for sale in Lagoa, Portugal — €1,167,650

Land overview

Land classification in this area is urban. Review the details to better understand this land classification and confirm the relevant considerations before making a decision or planning your next steps.

About this land

Original listing description, in Portuguese.

This 806 m² plot, which has planning permission for the construction of 9 luxury apartments with private pools and outdoor areas, and a total built area of 1,167.87 m², is centrally located in the heart of Carvoeiro – several beaches, numerous cafés, bars, shops and restaurants are within easy walking distance. Furthermore, it is located in an area designated as a ‘’consolidated residential area’, which allows for a high building density and is included in the ARU zone, which reduces the VAT on the works from 23% to 6% and significantly increases the financial appeal of the project. The project - ready to move forward with licensing and immed This 806 m² plot, which has planning permission for the construction of 9 luxury apartments with private pools and outdoor areas, and a total built area of 1,167.87 m², is centrally located in the heart of Carvoeiro – several beaches, numerous cafés, bars, shops and restaurants are within easy walking distance. Furthermore, it is located in an area designated as a ‘’consolidated residential area’, which allows for a high building density and is included in the ARU zone, which reduces the VAT on the works from 23% to 6% and significantly increases the financial appeal of the project. The project - ready to move forward with licensing and immediate construction - responds to clear market demand and is a great business opportunity with high potential for appreciation and return on investment in a highly sought-after and consolidated area with limited space for new construction. The apartments are suitable as a main residence, a holiday home or a high-quality rental investment, offering a rare opportunity for modern, turnkey coastal living.