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Global Properties

2437m² Land in Quelfes, Portugal No. 104833

$ 1 238 702
$ 508 per m²
2437 Living space, m²
Quelfes, Portugal
Parameters
Living space, m²
2437
ID
104833
Type
Land
Land area, m²
712
Property description
We present a unique investment opportunity in Olhão, a vibrant and attractive city in the Algarve.

This 712sq.m plot of land is located in a peaceful and pleasant residential area, just a few steps away from the Health Center and a shopping center with various shops, a gym, a pharmacy, and other services.

The advantage of this plot of land is its construction feasibility for a 6-story building, including a basement with a garage and storage rooms. The land already has a project for the construction of the building. The project includes the creation of 20 spacious apartments, ranging from 2-bedroom to 4-bedroom units.

A special highlight goes to the top-floor apartments, which have access to a private terrace of approximately 80sq.m each. These terraces offer breathtaking views of the city and the sea, providing a privileged space for residents to enjoy unique moments.

Furthermore, the basement of the building offers storage spaces and additional parking, ensuring convenience and practicality for residents.


With easy access to major highways and Faro Airport, located just 15 minutes away, this plot of land presents an excellent option for investors looking to acquire a quality property in southern Portugal.

Don't miss out on this opportunity to invest in an incredible project! Contact us for more information about this development and take the opportunity to secure your space in this privileged location.
Features
Location
  • City view
Features
  • Terrace
Indoor facilities
  • Storage room
  • Elevator
  • Garage
Outdoor features
  • Car park
Statistics Quelfes
$ 4 575
Price per m²
166
Quality of Life Index
49
Cost of living Index
Parameters
[:second_city:]
Faro
Difference
Monthly Rent Cost
1-Room Apartment
$ 1 059
2-Room Apartment
$ 923
Apartment Purchase Price per m²
In the City Center
$ 4 575
Outside the City Center
$ 3 521
Crime Index
30
Cost of Living and Rent Index
38
Purchasing Power Index
77
Property Price to Income Ratio
14
Safety Index
70
Traffic CO₂ Index
5958
Traffic Inefficiency Index
141
Rent Index
24
Health Care Index
54
Groceries Index
47
Pollution Index
34
Traffic Commute Time Index
25
Restaurant Price Index
45
Climate Index
98
Cost of Living Index
49
Quality of Life Index
166
Traffic Index
120
Restaurants
Meal, Inexpensive Restaurant
$ 13.93
Meal for 2 People, Mid-range Restaurant, Three-course
$ 41.79
McMeal at McDonalds (or Equivalent Combo Meal)
$ 11.61
Domestic Beer (0.5 liter draught)
$ 2.90
Imported Beer (0.33 liter bottle)
$ 2.32
Coke/Pepsi (0.33 liter bottle)
$ 2.32
Water (0.33 liter bottle)
$ 1.62
Cappuccino (regular)
$ 1.89
Markets
Milk (regular), (1 liter)
$ 1.07
Loaf of Fresh White Bread (500g)
$ 1.54
Eggs (regular) (12)
$ 3.48
Local Cheese (1kg)
$ 14.37
Water (1.5 liter bottle)
$ 1.24
Bottle of Wine (Mid-Range)
$ 5.22
Domestic Beer (0.5 liter bottle)
$ 0.97
Imported Beer (0.33 liter bottle)
$ 3.05
Cigarettes 20 Pack (Marlboro)
$ 6.62
Apples (1kg)
$ 2.64
Chicken Fillets (1kg)
$ 6.29
Oranges (1kg)
$ 1.60
Potato (1kg)
$ 3.22
Lettuce (1 head)
$ 1.44
Rice (white), (1kg)
$ 1.83
Tomato (1kg)
$ 2.66
Banana (1kg)
$ 1.33
Onion (1kg)
$ 2.52
Beef Round (1kg) (or Equivalent Back Leg Red Meat)
$ 11.27
Transportation
One-way Ticket (Local Transport)
$ 3.48
Monthly Pass (Regular Price)
$ 42.95
Gasoline (1 liter)
$ 2.02
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car)
$ 34 871
Taxi Start (Normal Tariff)
$ 3.83
Taxi 1km (Normal Tariff)
$ 1.16
Taxi 1hour Waiting (Normal Tariff)
$ 22.05
Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car)
$ 39 545
Utilities (Monthly)
Basic (Electricity, Heating, Cooling, Water, Garbage) for 85m2 Apartment
$ 144
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL)
$ 37.84
Mobile Phone Monthly Plan with Calls and 10GB+ Data
$ 20.31
Salaries And Financing
Average Monthly Net Salary (After Tax)
$ 1 451
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate
5%
Sports And Leisure
Fitness Club, Monthly Fee for 1 Adult
$ 44.11
Tennis Court Rent (1 Hour on Weekend)
$ 22.05
Cinema, International Release, 1 Seat
$ 11.61
Clothing And Shoes
1 Pair of Jeans (Levis 501 Or Similar)
$ 73.51
1 Summer Dress in a Chain Store (Zara, H&M, ...)
$ 45.85
1 Pair of Nike Running Shoes (Mid-Range)
$ 109
1 Pair of Men Leather Business Shoes
$ 106
Childcare
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child
$ 475
International Primary School, Yearly for 1 Child
$ 12 586
Contact seller
Contact seller

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