Newsletter
Subscribe to our newsletter and receive all of our latest properties directly to your inbox.
Description
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.
**Low Density Allotment**
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.
Plot sizes range from 500 m² to 737 m², with construction areas from 300 m² to 530 m².
**Investors Take Note**
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.
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.
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 Info
- Property Type Land
- Sale or Rent For Sale
- Price € 270,000
- Year Built -
- District Faro
- Municipality Albufeira
- Bedrooms -
- Bathrooms -
- Loft No
- Garage No
- Plot Area 540 m2
- Habitable Area -
- Energy Rating N/A