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Development land – Faro, Portugal

1,700,000 €
£1,456,000
  • Land area
    3,105 m²
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These residence permit conditions are effective until the end of 2021. Close a deal by the end of November to get all necessary paperwork for a residence permit done in time.

Magnificent land with views of the sea and the Ria de Alvor, located in the prestigious Beach & Golf Resort development in Lagos, with 3,105 m² and possibility to build a 500 m² V5 villa (excluding terraces, balconies, garage or storage rooms). This is a venture inspired by the philosophy of well-being, within an integrated resort of golf, luxury tourism and residential properties, supported by services of a 5-star hotel in an exclusive location. Bordering the estuary of the Ria de Alvor and the final part of Meia Praia, Palmares Resort offers one of the last opportunities in Portugal to build a property in a resort within walking distance of the beach. Due to its location and natural surroundings, the resort offers a dynamic view experience. These panoramic views cover the Alvor estuary, the Atlantic Ocean and lagos bay, opposite the magnificent 27-hole golf course designed by Robert Trent Jones II, the famous American golf architect. The water and sky create striking shades of blue and green that change according to the tides of the estuary. Boats, kitesurfers and an immense variety of birds complement this celebration of nature. The principles of planning, construction and operation of the enterprise are in harmony with the primary principle of environmental sustainability. Of the total of the 191 hectares that make up palmares beach & golf resort, the density of construction does not exceed 5.7%. Similarly, the guidelines of landscape architecture have as main focus to preserve the natural environment and safeguard the odd views. The resort's master plan has been carefully designed taking into account the natural beauty of the area, and the total density of construction is only 5.7%; the neighbouring parcels are positioned in such a way as to protect the sea views; height limits are restricted in all lots (81% of buildings have only 2 floors, while the remaining 19% have 3 floors); Strict construction parameters to protect sea views. Beach & Golf Resort has developed a model where guests can choose from different pre-agreed architectural styles. This means that the Resort coordinates the architectural elements, and ensures the right balance between individualism and uniformity. This approach helps preserve and increase the value of the resort. Our architects have different ideas, but they all share our Vision for the resort. The teams of architects involved will develop the client's project, reflecting the client's preferences, within the resort's specifications. Characteristics of properties: average size of lots 3,430sqm; type of detached houses; construction areas from 340 m² to 500 m² - not including terraces, balconies, garage or storage rooms; 1,2 or 3 floors, plus basement; typologies: V3 (3 bedrooms), V4 (4 bedrooms) and V5 (5 bedrooms); large outdoor spaces for the garden and swimming pool. The information referred to is not binding and does not require consultation of the property documentation

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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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 Faro elsewhere on our website.

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    Inna Shchukina
    Inna Shchukina,
    Senior property selection advisor
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    Safe haven: Portuguese residency by investment
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      Ekaterina Maslova
      Ekaterina Maslova,
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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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