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Development opportunity !
Plot of land at a opportunistic price in Vilamoura to build closed condominium of 20 townhouses or 30 apartments with tennis cort ,swimming pool and green comunal areas .
Purchase price per unit /townhouse (land ) = 55 000 euros x 20= 1 100 000 euros
Residential property construction costs* in Portugal on average are
among the lowest in southern Europe. Cost of construction within
the Project is set at EUR 900/ sqm.
The cost of residential construction in Portugal is one of the lowest among
the countries of southern Europe:
 medium/high segment: EUR 560 – 680/sqm;
 high segment: EUR 950 – 1 230/sqm;
Medium projected GDV per unit /townhouse based on current market reseach of sold townhouses in the same area =300 000 euros
medium projected GDV per apartment from 180 000 eur to 280 000 euros (depending on quality of finishings )
Exellent ratio between projected capital value price and land purchase price! Great opportunity to enter a booming Vilamoura property market .
Vilamoura is growing privately owned Resort boasting award winning Marina, five world-renowned Champion Golf courses , finest beaches in Europe ,Equestrian Center .
Area :1,700 hectares.
2.5 km's of beach.
500,000 visitors per year.
44.5 hectares of green areas.
25.7 km of cycle paths
10,000 permanent residents
825 berth marina
90 golf holes.
20 km from airport
International College
Data from the American real estate CBRE Group shows that investment in Portuguese real estate totalled €972 million in the first half of 2015 - a figure way in excess of the €847 million invested in the whole of 2014
Contact us for an appointment !

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