Land for sale in Lagos, Portugal — €650,000

Land overview

Land classification in this area is rural. 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.

A large plot of land for sale in Lagos, situated within Almádena this is a great investment for savvy developers looking to take on a new project in Western Algarve. It is also a perfect way to break into the real estate industry in Portugal if it is something you have been thinking about for a while. Offering an approved development for a total of ten villas sized between 216-723m2, each of which will be equipped with its own private pool. Located within a peaceful neighbourhood it comes with amazing access to the main N125 road enabling new owners to commute easily to needed amenities and services. Almádena is situated between Lagos and Vila do Bispo making this development just a short five minute drive away for the stunning and award winning Praia da Luz. If you would prefer to keep the land for yourself and build a home suited to your everyday needs, new approvals would need to be submitted but if you are wanting to pick up where the current owner has left off, this could be an extremely lucrative investment. The location will attract families, couples and individuals from all around the world who are interested in relocating to the Algarve, purchasing a holiday home or simply rent for a vacation in the sun. Lagos is an extremely popular destination for people wanting to live in the Algarve and even with those who come to experience the culture and better quality of life while on holiday, making this location a good investment if wanting to get into holiday rentals. Best known for its iconic beaches and sandy coves of Dona Ana and Camilo, Lagos can be found on the western side of the Algarve. The cliffs of Ponta da Piedade boasts fantastic views across the town's lighthouse. In the centre the church of Santo António standing since the 18th century, sitting across the baroque facade castle and old watchtowers, the Castelo dos Governadores, one of the town's most ancient features.