A great investment opportunity to purchase a plot of land, in Ferragudo, comprised of pre-approval for three unique villas to be built with private garages and swimming pools. Providing an extremely lucrative way to generate an additional income, especially with Portugal's tourism and real estate markets on the rise. New owners can look to have another project approved if they have something more unique in mind or they can continue with the plans already in place for the villas. These include either two or three bedroom villas, all offering panoramic river views over the charming fisherman's village, the Arade River, and Portimão’s marina, not forgetting the Atlantic Ocean and Monchique mountains. A location such as this is in high demand and will not be on the market for long, with many individuals looking to purchase property in Portugal to grow their portfolios, or make additional income through holiday rentals. Situated just a short distance away from all local amenities, award winning beaches, and the centre of Ferragudo, offering a quiet location within a private residential environment. Ferragudo is one of the most beautiful silhouettes of village by the sea that can be found in all the Algarve. To the wonderful beaches and exceptional natural conditions that can be found, the villas, the villages and other accommodation units are allied, making Ferragudo a region of recognised beauty, in a pleasant place and ideal for a quiet holiday.
The investor obtains a Portuguese residence permit by purchase of real estate worth at least €500,000. Our team at Tranio will help to make a deal remotely, collect a set of documents, and make an application.