Land for sale in Portimão

A large plot of rustic land for sale in Mexilhoeira Grande overlooking a branch of the Ria de Alvor. Benefitting from a calm and peaceful location, it couldnt be more well situated as it is just five minutes away from Lagos, ten minutes from the seaside resort of Alvor and just fifteen minutes from Portimão.

This land for sale in West Algarve has an excellent plantation of walnut trees which covers an entire hectare and a half of this plot making it perfect for agricultural planting. On the grounds, you will find fresh water points and the mains for electricity is just a few metres away.

In addition to this, there is an agricultural warehouse that can be used to store the harvest that is produced when needed.

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Algarve, it was traditionally a centre for sardine fishing and processing, however, today most of that industry has been replaced by tourism, leisure, and retail, leaving Portimão as a large and residential city.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 – 350 000                                Purchase Price – 350 000
Deposit / Down Payment – 70 000 (20%)          Deposit / Down Payment – 70 000 (20%)
Finance Amount – 280 000                            Finance Amount – 280 000
Interest Rate – 0.873%                                     Interest Rate – 0.873%
Term / Period – 30 years / 360 months                Term / Period – 40 years / 480 months
Monthly Payments – 884.35                              Monthly Payments – 691.31

Features

Central location