We present a large-scale real estate asset with high profitability potential in one of the Algarve's most rapidly appreciating real estate areas. This is a plot of land with a project designed for the construction of 150 urban dwellings, with a housing efficiency ratio perfectly aligned with current market demand.
The project allows for 3,485 s.q.m of gross construction area, 150 residential units, of which 146 are two-bedroom apartments and 4 are four-bedroom apartments, ideal for fractional sale (Build-to-Sell) or residential income (Build-to-Rent Multifamily).
The project benefits from a premium location in Olhão, combining strong local residential demand with the region's dynamic tourism. Just 15 minutes from Faro International Airport, a 10-minute walk from Ria Shopping (Auchan Hypermarket, Fitness Up, Clinics and Services) and a 7-minute drive from Olhão Marina, the Traditional Markets and the embarkation pier for the Ria Formosa Islands (Armona, Farol and Culatra).
Olhão has a severe shortage of new T2 type housing, guaranteeing a fast pace of pre-sales (off-plan sales). Highly attractive value per square meter of construction and land acquisition compared to the Algarve's golden triangle (Vilamoura Quinta do Lago), maximizing profit margins (Target IRR ROI). The city is undergoing strong infrastructure modernization, attracting expatriates, international investors and local families seeking quality of life at a moderate cost.
It guarantees positioning in a market in full economic expansion. We provide the descriptive financial dossier, floor plans and economic feasibility study upon request.
Contact us today to schedule a private project presentation.
- REF: RP-2126
