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Development land – Lagos, Faro, Portugal

1,300,000 €
£1,130,000
  • Land area
    43,200 m²
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A large plot of land for sale in Monte Judeu, Lagos, with a variety of buildings onsite it is capable of accommodating almost any type of business and with it being in such a great location it is an ideal investment for anyone looking for a home for their business. Lagos centre and amenities is approximately five minutes away where as Portimão is roughly twenty. With a land area of 43,200 m² and covered area of 1561 m², this plot is extremely spacious and versatile as it could be configured in a multitude of different ways to suit your individual or business needs. Included within the land is a well with water reserve, electricity, sewage and light generator. The variety of covered areas include cold stores and chambers, offices, meeting rooms, bathrooms and more. Portimão is the largest town in the Western Algarve and the surrounding area is an ideal location for a business in this part of the Algarve. Situated close to both the A22 and N125 roads, this plot is easily accessible from within the Algarve and Portugal and also offers direct access into Spain and the rest of Europe if required.

Extra opportunities

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.

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  • Property on the map
    Location right down to the building, street or city

More properties

If this property wasn’t for you, take a look at other development land for sale in Portugal.

You can see more development land for sale in Lagos elsewhere on our website.

Get a residence permit in Portugal with property purchase from 500,000 EUR.

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    Safe haven: Portuguese residency by investment
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      How to buy property with Tranio

      Enquiry

      Send us an enquiry with an approximate description of the property or investment project you’re interested in.

      Meeting the partners

      After clarifying your enquiry, we will introduce you to our partners and/or local agents.

      Offer selection

      We will help you to select suitable options. Tranio does not charge a commission for this — the property price remains the same as if you contacted our partner directly.

      Viewing tour

      You then view the property or properties you have chosen. Our partners or agents from Tranio's European offices will meet you in situ.

      Transaction closure

      Having chosen the best property, you will sign the sales or investment agreement (for development).

      FAQs

      • Can I get a mortgage abroad?

        It depends on the country. For example, German banks willingly offer mortgages to foreigners at 1.5-2 % per annum with LTV up to 70%. Spain offers less favourable terms: the minimum rate for foreigners is 2.5% per annum. The situation is different in Greece: although the law does not prohibit banks from issuing loans, in practice, Greek banks don’t issue loans to local nor foreign property buyers. You can learn about the mortgage terms in your preferred country by contacting Tranio’s local agents.

      • How does the purchase procedure work?

        The purchase procedure depends on the country where you buy property. Generally, after choosing a property you need to sign a preliminary agreement with the seller and carry out a due diligence of the property by checking the relevant documents and the property's technical condition. After that, all parties sign the sales agreement and the notary registers the transaction. As a rule, the purchase registration costs amount to approximately 10% of the property price.

      • Can a residence permit be obtained by buying property?

        In some countries it is possible. Residence-for-property purchase programmes are known as Golden Visas programmes. Greece, Spain, Latvia, and Portugal offer the most popular Golden Visas in Europe. The Greek residence permit is the cheapest and can be obtained by buying a property worth at least €250,000, while organising all of the documents costs about €19,000. Certain countries offer citizenship to property buyers — for example, an investor can get their hands on a Cypriot passport by buying a property worth at least €2M.

      • How does Tranio make money if your service is free for the clients?

        We share the commission, which the buyer or the seller (depending on the country) pays to our partners — foreign real estate agencies. The price of this service is the same as if you contacted the agency directly — this is an important condition and applies to all of our partnership agreements.

      • Who guarantees the transaction security?

        The transaction security is guaranteed by the notary who draws up the sales agreement and checks the information on the previous and current owners of the property, any outstanding restrictions, mortgage, and third-party encumbrances. Tranio is not responsible for the parties involved in the transaction.

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