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Global Properties

Land in Faro, Portugal No. 309228

$ 4 118 100
Faro, Portugal
Parameters
ID
309228
Type
Land
Land area, m²
140000
Property description
Exceptional Investment Opportunity in the Algarve: Premier Resort Development in Santa Bárbara de NexeDiscover an unparalleled investment opportunity in the heart of Portugal’s Algarve region, renowned worldwide for its exquisite beaches, premier golf courses, and vibrant culture. This expansive plot, spanning over 140,000 m², presents a rare chance to develop a high-end resort, approved


Exceptional Investment Opportunity in the Algarve: Premier Resort Development in Santa Bárbara de NexeDiscover an unparalleled investment opportunity in the heart of Portugal’s Algarve region, renowned worldwide for its exquisite beaches, premier golf courses, and vibrant culture. This expansive plot, spanning over 140,000 m², presents a rare chance to develop a high-end resort, approved for a luxurious 4 or 5-star hotel and recreational facilities, in the serene yet accessible area of Santa Bárbara de Nexe.Situated in a peaceful, hilly landscape abundant with verdant greenery, this site offers the perfect blend of tranquility and convenience.
Despite its secluded setting, the property is just 15 minutes from Faro Airport and close proximity to the urban centers of Faro, Loulé, and São Brás de Alportel. This prime location ensures easy access for visitors looking for both relaxation and adventure.- Total Area: Over 140,000 m²- Approved Construction Area: Over 19,000 m²- Usable Area for the Hotel: Nearly 25,000 m²- Accommodation Capacity: 146 units with approximately 312 beds, featuring a mix of senior and junior suites primarily configured as 83 apartments.- Golf: A scenic 9-hole par-three golf course immediately adjacent to the hotel, with plans for expansion into a night golfing facility. The course is designed to challenge even professional golfers, winding through ancient olive groves and oak trees with stunning views.- Dining and Wellbeing: Seven distinct gastronomic venues planned, promising a rich culinary journey.- Health and Fitness: Extensive facilities including multiple swimming pools, a spa, gym, and tennis courts.- Entertainment and Events: Concert hall and conference rooms for hosting events and business meetings.- Additional Features: A picturesque water landscape, indoor and outdoor swimming pools, and an underground parking facility.This project not only appeals to leisure tourists but also presents viable options as a sports resort for professional team training or a sophisticated retirement community, broadening potential market appeal.The local microclimate, characterized by warm sunny days and cool breezy nights, adds to the site’s allure, providing a comfortable and refreshing environment year-round.Guests can enjoy easy access to some of Europe’s finest golf courses and most beautiful beaches, all within a 15-minute drive. The area is also ideal for excursions and exploring local Portuguese culture and scenic landscapes.We invite investors, contractors, and developers interested in capitalizing on the Algarve’s growth as a top tourist and luxury destination to consider this unique property. For further details and to discuss this investment opportunity, please contact us directly.Embrace the opportunity to develop a world-class resort in one of Europe’s most desirable destinations. Invest in the Algarve, where luxury meets the allure of nature. Energy Rating: In progress #ref:T0314.BG.AL

Features
Outdoor features
  • Car park
  • Swimming pool
Statistics Faro
$ 4 641
Price per m²
162
Quality of Life Index
51
Cost of living Index
Parameters
[:second_city:]
Faro
Difference
Monthly Rent Cost
1-Room Apartment
$ 1 163
2-Room Apartment
$ 934
Apartment Purchase Price per m²
In the City Center
$ 4 641
Outside the City Center
$ 3 571
Crime Index
30
Cost of Living and Rent Index
41
Purchasing Power Index
69
Property Price to Income Ratio
14
Safety Index
70
Traffic CO₂ Index
5958
Traffic Inefficiency Index
141
Rent Index
28
Health Care Index
54
Groceries Index
48
Pollution Index
34
Traffic Commute Time Index
25
Restaurant Price Index
46
Climate Index
98
Cost of Living Index
51
Quality of Life Index
162
Traffic Index
120
Restaurants
Meal, Inexpensive Restaurant
$ 14.13
Meal for 2 People, Mid-range Restaurant, Three-course
$ 42.38
McMeal at McDonalds (or Equivalent Combo Meal)
$ 12.36
Domestic Beer (0.5 liter draught)
$ 2.35
Imported Beer (0.33 liter bottle)
$ 2.35
Coke/Pepsi (0.33 liter bottle)
$ 2.35
Water (0.33 liter bottle)
$ 1.65
Cappuccino (regular)
$ 2.00
Markets
Milk (regular), (1 liter)
$ 1.20
Loaf of Fresh White Bread (500g)
$ 1.56
Eggs (regular) (12)
$ 3.39
Local Cheese (1kg)
$ 14.57
Water (1.5 liter bottle)
$ 1.25
Bottle of Wine (Mid-Range)
$ 5.30
Domestic Beer (0.5 liter bottle)
$ 0.98
Imported Beer (0.33 liter bottle)
$ 3.09
Cigarettes 20 Pack (Marlboro)
$ 6.71
Apples (1kg)
$ 2.68
Chicken Fillets (1kg)
$ 6.38
Oranges (1kg)
$ 1.62
Potato (1kg)
$ 1.52
Lettuce (1 head)
$ 1.46
Rice (white), (1kg)
$ 1.86
Tomato (1kg)
$ 2.70
Banana (1kg)
$ 1.35
Onion (1kg)
$ 2.56
Beef Round (1kg) (or Equivalent Back Leg Red Meat)
$ 11.43
Transportation
One-way Ticket (Local Transport)
$ 3.53
Monthly Pass (Regular Price)
$ 43.56
Gasoline (1 liter)
$ 2.01
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car)
$ 35 371
Taxi Start (Normal Tariff)
$ 3.89
Taxi 1km (Normal Tariff)
$ 1.18
Taxi 1hour Waiting (Normal Tariff)
$ 22.37
Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car)
$ 40 331
Utilities (Monthly)
Basic (Electricity, Heating, Cooling, Water, Garbage) for 85m2 Apartment
$ 142
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL)
$ 36.50
Mobile Phone Monthly Plan with Calls and 10GB+ Data
$ 20.46
Salaries And Financing
Average Monthly Net Salary (After Tax)
$ 1 435
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate
5%
Sports And Leisure
Fitness Club, Monthly Fee for 1 Adult
$ 44.74
Tennis Court Rent (1 Hour on Weekend)
$ 22.37
Cinema, International Release, 1 Seat
$ 11.77
Clothing And Shoes
1 Pair of Jeans (Levis 501 Or Similar)
$ 74.56
1 Summer Dress in a Chain Store (Zara, H&M, ...)
$ 39.74
1 Pair of Nike Running Shoes (Mid-Range)
$ 110
1 Pair of Men Leather Business Shoes
$ 108
Childcare
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child
$ 482
International Primary School, Yearly for 1 Child
$ 12 766
Contact seller
Contact seller

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