Albufeira, Faro 8200-317

Excellent Opportunity in Albufeira's City Centre This is one of the last available plots in Albufeira's city centre, perfect for building your dream home or making a low-maintenance real estate investment with high appreciation potential. Low Density Allotment This low-density allotment features only 26 lots for housing, all connected to electricity, sewage, and rainwater systems. The area boasts wide, well-maintained accesses and is within walking distance of numerous restaurants, snack bars, hypermarkets, hospitals, and public transportation. The beaches are just a 5-minute drive away, and Faro International Airport is only 25 minutes by car.Plot sizes range from 500 m to 737 m, with construction areas from 300 m to 530 m. Investors Take Note Some investors are still hesitant about investing in construction land. However, since the onset of the pandemic, the desire for home ownership has surged, becoming a goal for nearly every family.Land plots are increasingly in high demand. Data from OLX, an online sales platform, shows a 52% increase in land demand in the third quarter of 2020, a trend expected to continue.Despite the interest rate adjustments in 2022, the real estate market remains profitable and continues to grow steadily. Investing in land is a solid, low-risk opportunity with a high potential for appreciation and financial gain.