Land in Lole, Portugal

816 709 $

N/A /м²

4OiNa

Land 0m² in Portugal, Lole. Priced at 700000€ rent photo- #1

Land 0m² in Portugal, Lole. Priced at 700000€ rent photo- #2

Land 0m² in Portugal, Lole. Priced at 700000€ rent photo- #3

Faro land. City - Lole

City plot of 379 m2 with an approved project for the construction of a 3-storey building with a total area of 1,131 m2. An asset with high investment potential, ideal for investors and developers in the prestigious area of Quarteyra.

The construction permit has already been obtained, which allows you to immediately start work.

The approved project provides for the construction of a residential building consisting of 6 apartments with 3 bedrooms, in accordance with the current project.

In addition, the municipality has already submitted a request to change the project, providing for the optimization of the complex up to 9 objects: 3 apartments with 1 bedroom and 6 apartments with 2 bedrooms, which is more in line with the current market demand.

Located in a strategic area, close to shops, services, beaches and major traffic interchanges, this site has a high potential for value growth and profitability.

Main characteristics:

- Area: 379 m2;
- Total construction area: 1,131 m2;
- Number of floors (above ground level): 3;
Approved project with a construction permit (ready for construction start);
- Opportunity to optimize up to 9 objects (at the approval stage).

Privileged location in the Quarter:

- 1 km to public school;
- 700 m to Continente supermarket;
2 km to the nearest golf course (Vilamura);
- 2 km to the beach;
- 3 km to a private hospital;
- 7 km to private school;
- 9 km to the A22 motorway;
- 20 km to Faro Airport.

Sign up for a meeting and discover the full potential of this investment opportunity.
Energy consumption class: Seized
#ref:0356/26

Services and facilities

Private beach

Additional details

Property type

Land

Object type

Land

Price

816 709 $

Land area

379

Characteristics

Private beach

FAQ

In Portugal a residence permit is typically issued based on a minimum investment threshold. Applications are reviewed within 30–60 days in Lole; you will need a passport, proof of funds, and the ownership documents. Hatamatata helps prepare and submit the paperwork.

Banks in Portugal finance 50–70% of the property value for non-residents with rates of 3–5% for 20–30 years. A life insurance policy and a 30–40% down payment are usually required. Terms and programs vary by city and bank.

Expected expenses: transfer tax 0–15%, registration 0.5–2%, notary 0.5–1.5%, agent commission 0–3%. In total 2–20% on top of the purchase price. Exact rates depend on region, property type and programs.

A title search at the land registry of Portugal takes 10–15 business days. You receive ownership, encumbrance and tax clearance certificates. Documents are translated and reviewed by a lawyer before signing.

Yes. Rental income tax is 5–25% depending on the regime. In Lole short-term tourist rentals typically yield 5–8% per year. Municipal permission and income registration are usually required.

Yes. An inspection costs about 0.5–1% of the price (816 709 $) and covers structure, utilities and legal status. Hatamatata arranges a qualified engineer with an EN/RU report.

A typical transaction runs 30–90 days, averaging 45 in Lole: due diligence (10–15 days), notarization (5–7 days), registration (10–14 days), residence permit (30–60 days, if needed).