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House 95 м² in Lole, Portugal

864 239 $

9 097 $ /м²

4OhjU
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Area

95 м2

Bedrooms

3

Bathrooms

3

Faro land. City - Lole

Land located in the Urban Renovation Zone (ARU), with an approved project, in the center of Lule, for the construction of a building comprising 6 apartments and 1 villa.

Near the private hospital Lule opens a great opportunity for development in the heart of the city.

Located in an already formed urban area, with excellent solar exposure, convenient access and a harmonious environment combining residential development and infrastructure services, this site is ideal for the implementation of a modern project focused on comfort, central location and sustainable cost growth.

Urban Renovation Zone (ARU) investment is a strategically beneficial solution, especially in locations with stable demand.

Particular attention should be paid to the significant tax advantages that increase the efficiency and profitability of the investment, including more favorable taxation of renovation works, possible tax benefits for the acquisition and ownership of the object, as well as a more favorable regime for taxation of capital gains and income derived from this asset.

The approved project provides modern architecture, spacious exterior areas and excellent solar orientation, which makes it suitable for both your own residence and investment for rent.

The spacious and functional layouts meet the growing demand from those who value living in the city centre, with immediate proximity to basic services, medical facilities and infrastructure for a comfortable life.

The location is premium: a quiet residential area with instant access to shops, schools, restaurants and the main transport arteries of the municipality:

- 0.3 km to Lule Hospital;
0.5 km to the centre of Lule (services, shops and restaurants);
1.0 km to the new Lule University Medical Center
6 km to Mar Shopping Algarve and IKEA
8 km from the A22 motorway (Via do Infante);
- 24 km to Faro International Airport.

Contact us to find out more.
Energy consumption class: A+
#ref:0239/26

Services and facilities

Balcony or terrace
Air conditioner
Household appliances

Additional details

Property type

Residential Properties

Object type

House

Price

864 239 $

Characteristics

Balcony or terrace
Air conditioner
Household appliances

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 (864 239 $) 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).

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