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Development land – Loule, Faro, Portugal
- Land area4,300 m²
This land of 4392 m² is for sale in Vale Formosa, Loulé, and is situated in a secluded area. Construction is permitted on 20% of the total land(m²). The construction approved for the land is 450 m² + 20% (90 m²) for covered terraces, basement and pool. If you are interested in building a home in the Algarve, this plot of land will be able to provide you with the base and we are able to recommend highly professional builders and architects who can help bring your dream to life. Loulé is the largest municipality in Central Algarve, highlighting festive summer nights such as the Noite Branca (White Night) enjoyed by both locals and tourists, all wearing white, converge on the streets, where a dazzling display of music, dance and traditional foods await. Transformed into a busy commercial centre, and an attractive old quarter and Moorish castle ruins, with history dating back to Roman settlements. Contact us for more information on the land or the project. Don't miss the opportunity to view this land. Mortgage Simulation-duration/ period — 40 years/ 480 months Purchase Price: 400,000€ Deposit/ Down Payment: 160,000€ (40%) Finance/ Mortgage Amount: 240,000€ (60%) Interest Rate: 0.9% Monthly Payment: 595.57 € Mortgage Simulation-duration/ period — 30 years/ 360 months Purchase Price: 400,000€ Deposit/ Down Payment: 160,000€ (40%) Finance/ Mortgage Amount: 240,000€ (60%) Interest Rate: 0.9% Monthly Payment: 760.96€
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