Land for sale in Reguengos de Monsaraz, Portugal — €26,000,000

About this land

Monsaraz Nautical Resort is located in a very natural and relax environment, offering both beautiful sunrise and sunset.  The project has a total plot area  of 371 HECTARES surrounded by Alqueva and 83 ha of them dedidcated to a golf course. This project is located in Reguengos de Monsaraz, interior Alentejo, bordering one of the largest artificial lakes of Western Europe – Alqueva. Besides the physical natural environment that now characterizes the area, the relaxing and calm atmosphere is also an attracting factor for tourism demand. The project is located 2h drive from Lisbon and its international Airport. Air connectivity from Lisbon is excellent, covering all main European hubs, as well as several America, Middle East and Africa destinations. Monsaraz Nautical Resort is also close to Évora (40min) whose historic centre was classified World Heritage by UNESCO, the historic centre of Monsaraz (10min), as well as to Badajoz, an important Spanish leisure and entertainment city. There has been an increase of the turism demand in Alentejo recording  4.9% OF Average annual growth rate since 2006  taking advantage of the positiv e attention that Portugal has been receiving, especially over the last years with increases over the last years with increases 10%. It is expected a continuous increase of the demand. Hotels are the most wanted tipology, accounting 66% of the overnights spent in Alentejo.   IMPORTANT TO HIGHLIGHT THE FACT THAT THE DEMAND (4.9%) IS INCREASING MORE RAPIDLY COMPARING WITH THE SUPPLY (3.8%) It has an aprroved project for 2 hotels (290 units), a 18 holes golf course and a 333 units of villas, townhouses and apartments.  .