Land plot for construction by the river, Porto, Portugal

295,000 €

£251,000

Land area
650 m²

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Price per sqm increase 6.54% over 2020*
Location with high rental demand
Residence permit for the entire investor's family
The opportunity to acquire Portuguese citizenship

*According to globalpropertyguide.com

Features

Under construction: Design
Garden

Plots and apartments in a new residential complex in Porto overlooking the river.

The complex covers 25 acres and offers private houses, apartments, tourist apartments, boutique hotel, spa and restaurant.

Plot options:

first line overlooking the Douro river, area 951-3000 m², for the construction of 4–5 bedroom villas with an area of 632-758 m². Prices for plots from 600,000 € to 800,000 €.
for the construction of villas with 3–4 bedrooms with an area of 357-407 m², with plots of 500-770 m². Sale price from 255,000 € to 300,000 €.

The owner can choose their own construction company. After the transaction is completed, the owner has 1 year to start construction. It takes 14–15 months to complete the work.

Apartment options (unfurnished):

2 bedrooms — 595,000 €
3 bedrooms — 795,000 €
4 bedrooms — € 1,295,000

Advantages

The investor receives a residence permit in Portugal when buying real estate from 500,000 euros. The Tranio team helps to remotely complete a deal, collect a package of documents and submit an application.

Location and nearby infrastructure

Porto is a city on the northwestern coast of Portugal with majestic bridges and wineries. The Church of St. Francis is famous for its rich baroque interior decoration. It is also worth visiting the 19th century Stock Exchange Palace.

Property on the map

Location right down to the building, street or city
Other properties

Other offers nearby

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 Porto (city) elsewhere on our website.

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.