Land for sale in Faro, Portugal No. 318135

Land in Faro, Portugal No. 318135

5 3

$ 1 144 697

Faro, Portugal

Contact seller

Parameters

318135

Type

Land

Land area, m²

1170

Property description

Urban plot with lots for the construction of apartment buildings - FaroThis is an exceptional investment opportunity in the real estate sector, consisting of 8 urban lots available for individual sale, located in a developing urban area with high potential for appreciation. These plots are intended for the construction of multi-family buildings, up to 5 floors and a number of dwellings betwee

Urban plot with lots for the construction of apartment buildings - FaroThis is an exceptional investment opportunity in the real estate sector, consisting of 8 urban lots available for individual sale, located in a developing urban area with high potential for appreciation. These plots are intended for the construction of multi-family buildings, up to 5 floors and a number of dwellings between 10 and 45 per plot, allowing for the creation of modern residential projects that are highly attractive in the housing market.Plot characteristics:Gross construction areas from 1,170 m² to 5,197.

50 m².Number of Units per Lot from 10 to 45 apartments.Value per Lot from €970,000 to €4,500,000.Building Type: 5-story multi-family residential buildings, ideal for developing 1- to 3-bedroom apartments with balconies, parking spaces, and common areas.Advantages for Investors or Developers:Flexibility of acquisition: Lots can be purchased individually, adjusting to different investment profiles and development strategies.Growing market: Location in an expanding urban area, with high demand for new housing, both for sale and for rentInfrastructure and accessibility: Area well served by road access, public transport, local shops, services, and schools.We would love for you to come and visit. Energy Rating: Exempt #ref:3226M

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Features

Balcony

Outdoor features

Car park

Statistics Faro

$ 4 686

Price per m²

166

Quality of Life Index

Cost of living Index

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Parameters

[:second_city:]

Faro

Difference

Monthly Rent Cost

1-Room Apartment

$ 1 085

2-Room Apartment

$ 945

Apartment Purchase Price per m²

In the City Center

$ 4 686

Outside the City Center

$ 3 606

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

166

Traffic Index

120

Restaurants

Meal, Inexpensive Restaurant

$ 14.27

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

$ 42.80

McMeal at McDonalds (or Equivalent Combo Meal)

$ 11.89

Domestic Beer (0.5 liter draught)

$ 2.97

Imported Beer (0.33 liter bottle)

$ 2.38

Coke/Pepsi (0.33 liter bottle)

$ 2.38

Water (0.33 liter bottle)

$ 1.66

Cappuccino (regular)

$ 1.93

Markets

Milk (regular), (1 liter)

$ 1.10

Loaf of Fresh White Bread (500g)

$ 1.58

Eggs (regular) (12)

$ 3.56

Local Cheese (1kg)

$ 14.72

Water (1.5 liter bottle)

$ 1.27

Bottle of Wine (Mid-Range)

$ 5.35

Domestic Beer (0.5 liter bottle)

$ 0.99

Imported Beer (0.33 liter bottle)

$ 3.12

Cigarettes 20 Pack (Marlboro)

$ 6.78

Apples (1kg)

$ 2.71

Chicken Fillets (1kg)

$ 6.44

Oranges (1kg)

$ 1.64

Potato (1kg)

$ 3.30

Lettuce (1 head)

$ 1.47

Rice (white), (1kg)

$ 1.88

Tomato (1kg)

$ 2.72

Banana (1kg)

$ 1.37

Onion (1kg)

$ 2.59

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

$ 11.54

Transportation

One-way Ticket (Local Transport)

$ 3.57

Monthly Pass (Regular Price)

$ 43.98

Gasoline (1 liter)

$ 2.07

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

$ 35 714

Taxi Start (Normal Tariff)

$ 3.92

Taxi 1km (Normal Tariff)

$ 1.19

Taxi 1hour Waiting (Normal Tariff)

$ 22.59

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

$ 40 502

Utilities (Monthly)

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

$ 148

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

$ 38.75

Mobile Phone Monthly Plan with Calls and 10GB+ Data

$ 20.80

Salaries And Financing

Average Monthly Net Salary (After Tax)

$ 1 486

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

Sports And Leisure

Fitness Club, Monthly Fee for 1 Adult

$ 45.17

Tennis Court Rent (1 Hour on Weekend)

$ 22.59

Cinema, International Release, 1 Seat

$ 11.89

Clothing And Shoes

1 Pair of Jeans (Levis 501 Or Similar)

$ 75.29

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

$ 46.96

1 Pair of Nike Running Shoes (Mid-Range)

$ 111

1 Pair of Men Leather Business Shoes

$ 109

Childcare

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

$ 486

International Primary School, Yearly for 1 Child

$ 12 890

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