Land for sale in Portimão

Land for sale in Portimão
Price 138,000
Pool No
Bedrooms: 0
Bathrooms: 0
Size: 470 m²
Plot: 470 m²

A plot of land for sale in Mexelhoeira Grande, a quiet village located close to the town of Portimão.

Offering an opportunity to build your own home, this plot is just a ten minute drive away from Portimão’s city centre and the popular Lagos. Making it suitably located if you are wanting somewhere peaceful and calm to live while still being with close proximity to commercial areas and local amenities.

We have a team of highly experienced and recommended architects and builders who can assist in bringing your dream home to life. Whether you are wanting a single storey villa or two floors with a basement, they can help design and create something you will love.

Once built, you can either relocate to the Algarve and live there permanently or you can potentially obtain a rental license in order to make an additional income through holiday rentals in Portimão.

Portimão is the largest city in the Western Algarve, it was traditionally a centre for sardine fishing and processing, however, today most of that industry has been replaced by tourism, leisure, and retail, leaving Portimão as a large and residential city.

Most tourists visit Portimão either for the extensive shopping or excellent public transport but there is a surprising amount to be seen within the city.

The citys old and once bustling fishing docks have been remarkably transformed into a scenic promenade, leading to the quaint and tree-lined plazas of the old town.

Further inland are pleasant pedestrian shopping streets, a series of historic buildings, and a tantalising selection of cafes, bars, and restaurants.

Mortgage simulation:

Purchase Price – 138 000                                Purchase Price – 138 000
Deposit / Down Payment – 27 600 (20%)      Deposit / Down Payment – 27 600 (20%)
Finance Amount – 110 400                              Finance Amount – 110 400
Interest Rate – 0.873%                                    Interest Rate – 0.873%
Term / Period – 30 years / 360 months              Term / Period – 40 years / 480 months
Monthly Payments – 348.69                            Monthly Payments – 272.57


Central location

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