Land for sale in Vila do Bispo, Portugal — €212,800

About this land

Plot of land for construction with an area of 884sqm  located in Quinta da Fortaleza, about 200mts from the beach of Cabanas Velhas and 5 min drive from Burgau village. The plot has a building permit for a 2-storey house with a total area of 220sqm. In the current market context, where demand is higher than supply, acquiring a plot of land can be a fantastic option, especially for those who are thinking of building.In general, real estate is a good investment, but when it comes to land in a good locations the return tends to be greater.Besides the investment in assets with potential for future appreciation there are other advantages to building your own home, here are a few:- Appreciation potential;The construction increases the value of the lot/land. The potential for appreciation will be one of the main reasons to invest in a lot/land and build. Even if your intention is not to build immediately, it is always good to know that your investment has a return that does not depend only on the market movement. The price of the lot/land, in a good location, plus the construction value will, in most cases, have a lower cost than the already built properties (in the same location). - Schedule adapted to your needs;When you buy a lot/land to build your house you have the possibility to adapt the construction pace according to your needs and/or financial possibilities. Increase or decrease the pace according to your wishes.- Possibility of customization;Another advantage that this alternative offers is the possibility to build the house of your dreams, customized according to your will and needs, which will bring you more comfort and quality of life - renovations and adaptations of houses already built can bring high and unexpected costs.Possibility of living in a good location for a lower cost.