894m² Land for sale in Faro, Portugal No. 110969

894m² Land in Faro, Portugal No. 110969

5 2

894m² Land in Faro, Portugal No. 110969 2

$ 699 060

$ 782 per m²

894 Living space, m²

Faro, Portugal

Contact seller

Parameters

Living space, m²

894

110969

Address

via do Infante

Type

Land

Land area, m²

291

Property description

Urban land for construction in the center of Loulé - Investment opportunityUrban plot for sale, intended for the construction of an apartment block with basement, located in the heart of Loulé, in the Quinta de Betunes area, a growing area with services and commerce nearby. This land presents enormous potential for investors or developers looking to develop a project in a privileged loca

Urban land for construction in the center of Loulé - Investment opportunityUrban plot for sale, intended for the construction of an apartment block with basement, located in the heart of Loulé, in the Quinta de Betunes area, a growing area with services and commerce nearby. This land presents enormous potential for investors or developers looking to develop a project in a privileged location.Property featuresPlot area: 291m²Building area: 233m²Permitted gross construction area: 894m²Planned project: Construction of 8 3-bedroom apartments (8 apartments), distributed in a housing block with basement.

Current status: With the designation of services, a process is already underway at Loulé City Council to change the housing license.Infrastructure already existing on siteConnection to the electrical gridMains waterPublic sewageFiber opticsStrategic locationThis land is in a central location and well served:A few minutes walk from schools and a large hypermarketJust 10 minutes drive from Mar Shopping Algarve and other shopping centersExcellent access to the EN125 and Via do Infante (A22), ensuring quick connections to other locations and the airportQuinta de Betunes is an area in full urban expansion, with a peaceful environment, but surrounded by all the necessary amenities for everyday life, being an ideal location for a quality residential project.NoticeThis property is classified as Energy Category: Exempt.If you are looking for a solid investment with a great return, this is the ideal project. Don’t miss the opportunity to build a project in the heart of Loulé. Contact us for more information or to schedule a site visit! #ref:T636

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Statistics Faro

$ 4 620

Price per m²

164

Quality of Life Index

Cost of living Index

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Parameters

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Faro

Difference

Monthly Rent Cost

1-Room Apartment

$ 1 157

2-Room Apartment

$ 930

Apartment Purchase Price per m²

In the City Center

$ 4 620

Outside the City Center

$ 3 555

Crime Index

Cost of Living and Rent Index

Purchasing Power Index

Property Price to Income Ratio

Safety Index

Traffic CO₂ Index

5958

Traffic Inefficiency Index

141

Rent Index

Health Care Index

Groceries Index

Pollution Index

Traffic Commute Time Index

Restaurant Price Index

Climate Index

Cost of Living Index

Quality of Life Index

164

Traffic Index

120

Restaurants

Meal, Inexpensive Restaurant

$ 14.06

Meal for 2 People, Mid-range Restaurant, Three-course

$ 42.19

McMeal at McDonalds (or Equivalent Combo Meal)

$ 11.72

Domestic Beer (0.5 liter draught)

$ 2.93

Imported Beer (0.33 liter bottle)

$ 2.34

Coke/Pepsi (0.33 liter bottle)

$ 2.34

Water (0.33 liter bottle)

$ 1.64

Cappuccino (regular)

$ 1.90

Markets

Milk (regular), (1 liter)

$ 1.08

Loaf of Fresh White Bread (500g)

$ 1.55

Eggs (regular) (12)

$ 3.51

Local Cheese (1kg)

$ 14.51

Water (1.5 liter bottle)

$ 1.25

Bottle of Wine (Mid-Range)

$ 5.27

Domestic Beer (0.5 liter bottle)

$ 0.98

Imported Beer (0.33 liter bottle)

$ 3.08

Cigarettes 20 Pack (Marlboro)

$ 6.68

Apples (1kg)

$ 2.67

Chicken Fillets (1kg)

$ 6.35

Oranges (1kg)

$ 1.62

Potato (1kg)

$ 3.25

Lettuce (1 head)

$ 1.45

Rice (white), (1kg)

$ 1.85

Tomato (1kg)

$ 2.68

Banana (1kg)

$ 1.35

Onion (1kg)

$ 2.55

Beef Round (1kg) (or Equivalent Back Leg Red Meat)

$ 11.38

Transportation

One-way Ticket (Local Transport)

$ 3.52

Monthly Pass (Regular Price)

$ 43.36

Gasoline (1 liter)

$ 2.04

Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car)

$ 35 211

Taxi Start (Normal Tariff)

$ 3.87

Taxi 1km (Normal Tariff)

$ 1.17

Taxi 1hour Waiting (Normal Tariff)

$ 22.27

Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car)

$ 39 931

Utilities (Monthly)

Basic (Electricity, Heating, Cooling, Water, Garbage) for 85m2 Apartment

$ 141

Internet (60 Mbps or More, Unlimited Data, Cable/ADSL)

$ 36.33

Mobile Phone Monthly Plan with Calls and 10GB+ Data

$ 20.36

Salaries And Financing

Average Monthly Net Salary (After Tax)

$ 1 465

Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate

Sports And Leisure

Fitness Club, Monthly Fee for 1 Adult

$ 44.54

Tennis Court Rent (1 Hour on Weekend)

$ 22.27

Cinema, International Release, 1 Seat

$ 11.72

Clothing And Shoes

1 Pair of Jeans (Levis 501 Or Similar)

$ 74.22

1 Summer Dress in a Chain Store (Zara, H&M, ...)

$ 46.30

1 Pair of Nike Running Shoes (Mid-Range)

$ 110

1 Pair of Men Leather Business Shoes

$ 107

Childcare

Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child

$ 479

International Primary School, Yearly for 1 Child

$ 12 708

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