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Global Properties

894m² Land in Faro, Portugal No. 110969

$ 699 060
$ 782 per m²
894 Living space, m²
Faro, Portugal
Parameters
Living space, m²
894
ID
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

Statistics Faro
$ 4 620
Price per m²
164
Quality of Life Index
50
Cost of living Index
Parameters
[:second_city:]
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
30
Cost of Living and Rent Index
40
Purchasing Power Index
73
Property Price to Income Ratio
14
Safety Index
70
Traffic CO₂ Index
5958
Traffic Inefficiency Index
141
Rent Index
27
Health Care Index
54
Groceries Index
48
Pollution Index
34
Traffic Commute Time Index
25
Restaurant Price Index
45
Climate Index
98
Cost of Living Index
50
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
5%
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
Contact seller
Contact seller

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