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Development land – Portimao, Faro, Portugal
- Land area2,800 m²
This urban plot of 2,880 m² is for sale in Vale de Lagar, Portimão. There is a possibility of building a 250 m² villa on the land. There is a electricity post currently that needs to be removed, the current owner has already requested this. Situated 5 minutes from Alvor, where you will find restaurants, cafes and all local amenities. The Aqua Shopping Centre is also 5 minutes away. Situated a few minutes away from the Praia dos Tres Irmaos, one of the most beautiful beaches in the Algarve. this land is in a great location and waiting for your dream home to be built on. Portimão is the largest city in the Western Algarve, it was traditionally a centre for sardine fishing and processing, however, today most of that industry has been replaced by tourism, leisure, and retail, leaving Portimão as a large and residential city. Mortgage Simulation Purchase Price — 250,000€ Purchase Price — 250,000€ Deposit/ Down Payment — 50,000€ (20%) Deposit/ Down Payment — 50,000€ (20%) Finance Amount — 200,000€ Finance Amount — 200,000€ Interest Rate — 0.873% Interest Rate — 0.873% Term/ Period — 30 years/ 360 months Term/ Period — 40 years/ 480 months Monthly Payments — 631.68 € Monthly Payments — 493.79€
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