A large plot of land for sale in Lagos, situated within Almádena this is a great investment for savvy developers looking to take on a new project in Western Algarve. It is also a perfect way to break into the real estate industry in Portugal if it is something you have been thinking about for a while. Almádena is situated between Lagos and Vila do Bispo making this development just a short five minute drive away for the stunning and award winning Praia da Luz. The location will attract families, couples and individuals from all around the world who are interested in relocating to the Algarve, purchasing a holiday home or simply rent for a vacation in the sun. Lagos is an extremely popular destination for people wanting to live in the Algarve and even with those who come to experience the culture and better quality of life while on holiday, making this location a good investment if wanting to get into holiday rentals. Best known for its iconic beaches and sandy coves of Dona Ana and Camilo, Lagos can be found on the western side of the Algarve. The cliffs of Ponta da Piedade boasts fantastic views across the town's lighthouse. In the centre the church of Santo António standing since the 18th century, sitting across the baroque facade castle and old watchtowers, the Castelo dos Governadores, one of the town's most ancient features.
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.