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Property in Pico island — Azores — Portugal
- Land area180,000 m²
Pico Island is the second largest island in the Azores Archipelago. The climate of the island allows for the successful development of winemaking, agriculture and tourism.
A large land of 180,000 square meters with a picturesque sea view is offered. The land is privately owned, not encumbered with a bank loan, not leased. Construction is allowed on the territory.
A mortgage is available 50% of the cost of the object at a rate of 2% per annum. When buying a land, you can get a ”Golden Visa“.
Transaction costs:
- notary services and the cost of state registration — 1250 €
- purchase tax — 6.5%
Other expenses:
- The cost of cleaning and maintaining the forest is 4500 € per year.
The entire territory is fenced with a stone wall.
The island's airport is 20 minutes away by car. The nearest town of Madalena is 9 kilometers away.
Farm opportunities:
- construction of family housing
- construction of hotel and tourist bungalows
-plantation of vineyards
If this property wasn’t for you, take a look at other houses for sale in Portugal.
You can see more houses for sale in Madalena elsewhere on our website.