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Global Properties

170m² Building in Faro, Portugal No. 117430

$ 878 400
$ 5 167 per m²
170 Living space, m²
Faro, Portugal
Parameters
Living space, m²
170
ID
117430
Type
Building
Completion date
IV quarter, 1951
Property description
Discover a rare opportunity in the heart of Faro, Portugal. This prime waterfront property offers breathtaking views of the Ria Formosa, one of Europe’s most stunning natural parks.For Business Investors:* Prime Development Site: This property offers an exceptional opportunity to create a prestigious high-rise building with breathtaking views. The property’s unique location and deve


Discover a rare opportunity in the heart of Faro, Portugal. This prime waterfront property offers breathtaking views of the Ria Formosa, one of Europe’s most stunning natural parks.For Business Investors:* Prime Development Site: This property offers an exceptional opportunity to create a prestigious high-rise building with breathtaking views. The property’s unique location and development potential make it an ideal investment for commercial projects.* Strategic Location: The property’s location in the heart of Faro ensures excellent accessibility and visibility. Benefit from the upcoming Marina project and the property’s proximity to transportation hubs and essential amenities.
* High Return on Investment: The combination of prime location, waterfront views, and development potential makes this an attractive investment opportunity. As the demand for high-quality commercial properties in Faro continues to grow, this property is poised to deliver a strong return on investment.For Private Buyers:* Waterfront Serenity: Imagine waking up, opening the windows and feel the fresh sea breeze. Enjoy the tranquility of your waterfront home while being just a short walk away from the vibrant city center.* Urban Convenience: Faro offers a perfect blend of city life and natural beauty. Explore charming streets, bustling markets, and the Faro islands, all while enjoying the serenity of your waterfront residence.* Investment Potential: Owning a waterfront property in such a sought-after location is not only a lifestyle choice but also a sound investment. As Faro continues to grow in popularity, property values are expected to rise.Additional Highlights:* Stunning Ria Formosa Views: Enjoy panoramic views of the Ria Formosa, a UNESCO World Heritage Site known for its diverse ecosystems and stunning natural beauty.* Convenient Location: The property is situated within walking distance of the train station, bus station, and essential amenities, making it a convenient and accessible location for both residents and visitors.* Investment Potential: The property’s prime location and development potential make it an excellent investment opportunity for both private buyers and businesses.Don’t miss your chance to own a piece of Faro’s history. Contact us to schedule a viewing and discover the limitless possibilities of this extraordinary property.

Features
Features
  • Terrace
Statistics Faro
$ 4 616
Price per m²
163
Quality of Life Index
50
Cost of living Index
Parameters
[:second_city:]
Faro
Difference
Monthly Rent Cost
1-Room Apartment
$ 1 156
2-Room Apartment
$ 929
Apartment Purchase Price per m²
In the City Center
$ 4 616
Outside the City Center
$ 3 552
Crime Index
30
Cost of Living and Rent Index
40
Purchasing Power Index
71
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
47
Pollution Index
34
Traffic Commute Time Index
25
Restaurant Price Index
46
Climate Index
98
Cost of Living Index
50
Quality of Life Index
163
Traffic Index
120
Restaurants
Meal, Inexpensive Restaurant
$ 14.05
Meal for 2 People, Mid-range Restaurant, Three-course
$ 42.16
McMeal at McDonalds (or Equivalent Combo Meal)
$ 12.30
Domestic Beer (0.5 liter draught)
$ 2.34
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)
$ 1.99
Markets
Milk (regular), (1 liter)
$ 1.19
Loaf of Fresh White Bread (500g)
$ 1.55
Eggs (regular) (12)
$ 3.37
Local Cheese (1kg)
$ 14.50
Water (1.5 liter bottle)
$ 1.25
Bottle of Wine (Mid-Range)
$ 5.27
Domestic Beer (0.5 liter bottle)
$ 0.97
Imported Beer (0.33 liter bottle)
$ 3.07
Cigarettes 20 Pack (Marlboro)
$ 6.67
Apples (1kg)
$ 2.67
Chicken Fillets (1kg)
$ 6.35
Oranges (1kg)
$ 1.62
Potato (1kg)
$ 1.51
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)
$ 11.37
Transportation
One-way Ticket (Local Transport)
$ 3.51
Monthly Pass (Regular Price)
$ 43.33
Gasoline (1 liter)
$ 2.00
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car)
$ 35 180
Taxi Start (Normal Tariff)
$ 3.86
Taxi 1km (Normal Tariff)
$ 1.17
Taxi 1hour Waiting (Normal Tariff)
$ 22.25
Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car)
$ 40 114
Utilities (Monthly)
Basic (Electricity, Heating, Cooling, Water, Garbage) for 85m2 Apartment
$ 141
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL)
$ 36.30
Mobile Phone Monthly Plan with Calls and 10GB+ Data
$ 20.35
Salaries And Financing
Average Monthly Net Salary (After Tax)
$ 1 427
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate
5%
Sports And Leisure
Fitness Club, Monthly Fee for 1 Adult
$ 44.50
Tennis Court Rent (1 Hour on Weekend)
$ 22.25
Cinema, International Release, 1 Seat
$ 11.71
Clothing And Shoes
1 Pair of Jeans (Levis 501 Or Similar)
$ 74.16
1 Summer Dress in a Chain Store (Zara, H&M, ...)
$ 39.52
1 Pair of Nike Running Shoes (Mid-Range)
$ 109
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
$ 12 697
Contact seller
Contact seller

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