Excellent opportunity to purchase one of the last plots of land available in Albufeira's city centre for the construction of your dream home or simply as a real estate investment with low maintenance costs and high appreciation potential.
There are only 26 lots for housing in this low-density allotment, with connection to the electricity grid, sewage and rainwater, wide and well-maintained accesses, and within walking distance of numerous restaurants, snack bars, hypermarkets, hospitals, and transportation infrastructure. The beaches are only a 5-minute drive away, and Faro International Airport is only a 25-minute drive away.
Plots ranging in size from 500 m2 to 737 m2, with construction areas ranging from 300 m2 to 530 m2.
Some investors are still unsure whether it is worthwhile to invest in land for construction. Since the outbreak of the pandemic and the coronavirus crisis, the prospect of owning a home has grown in importance and has become a goal for nearly every family.
Land plots are increasingly in high demand.
Land demand increased by 52% in the third quarter of 2020, according to data from OLX, an online sales platform. And the trend is expected to continue.
Despite the interest rate adjustment in 2022, the real estate market remains profitable and grows on a regular basis. After all, it is a solid investment with low risk and a high potential for appreciation and financial gain.