Albufeira, Faro, Address available on request

bathrooms 1
|Land
INR ₹23,878,874
EUR €270,000
Published on: 02 Jul 2024
Last updated on: 23 Nov 2024
Albufeira, Faro
Albufeira, Faro
Albufeira, Faro
+13
Albufeira, Faro
  • 13
Property ID: 120092947693
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Albufeira, Faro
Details :- Reference: IYAT-T1111. Located in Albufeira.<br />**Excellent Opportunity in Albufeira's City Centre**<br /><br />This is one of the last available plots in Albufeira's city centre, perfect for building your dream home or making a low-maintenance real estate investment with high appreciation potential.<br /><br />**Low Density Allotment**<br /><br />This low-density allotment features only 26 lots for housing, all connected to electricity, sewage, and rainwater systems. The area boasts wide, well-maintained accesses and is within walking distance of numerous restaurants, snack bars, hypermarkets, hospitals, and public transportation. The beaches are just a 5-minute drive away, and Faro International Airport is only 25 minutes by car.<br /><br />Plot sizes range from 500 m² to 737 m², with construction areas from 300 m² to 530 m².<br /><br />**Investors Take Note**<br /><br />Some investors are still hesitant about investing in construction land. However, since the onset of the pandemic, the desire for home ownership has surged, becoming a goal for nearly every family.<br /><br />Land plots are increasingly in high demand. Data from OLX, an online sales platform, shows a 52% increase in land demand in the third quarter of 2020, a trend expected to continue.<br /><br />Despite the interest rate adjustments in 2022, the real estate market remains profitable and continues to grow steadily. Investing in land is a solid, low-risk opportunity with a high potential for appreciation and financial gain.

Property Details

Basic Info

Property Type
Land
Building Size
5,392.76 sq ft
Rooms
1 bathroom(s)
Address
Albufeira, Faro, Address available on request
Contact Agent
The Agency Portugal | SON Mediação Imobiliária Lda
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      Property ID: 120092947693

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