Approved Project for Three Apartments in Ferragudo, Algarve
€450,000
- Apartment
- Type
- 3 weeks ago
- Listed
The Habio take
This urban plot in Ferragudo comes with an approved project for three T2 apartments, making it an attractive investment opportunity. Located just minutes from stunning beaches and local amenities, it offers picturesque views over the Arade River and Portimão.
- investment
- beach
- countryside
- quaint
- new build
Highlights
- Approved project for immediate construction
- Central location near beaches and amenities
- Potential for rental income or resale
- Picturesque views of the Arade River
- Opportunity to acquire upon completion
Worth knowing
- Construction timelines may vary
- Buyer needs to manage the construction process
Good fit for: Ideal for investors looking for a residential development opportunity in a prime location.
Lifestyle scores
- Beach
- 90
- Walkable
- 60
- Remote work
- 50
- Family
- 60
- Retirement
- 70
- Airport access
- 70
- Investment
- 80
- Luxury
- 40
- Value
- 65
About this place
This urban land in Ferragudo, Algarve, features an approved project for the construction of three T2 apartments, positioned in a highly desirable area. The development includes one ground-floor apartment, one on the first floor, and a top-floor apartment that offers a panoramic terrace with views over the Arade River and Portimão.
The total plot area is 54 m², with an allowable construction area of 162 m² across three permitted floors. Basic services such as water, electricity, sewage, public lighting, and paved roads are in place, facilitating a straightforward development process.
Ferragudo is renowned for its charm as a traditional fishing village and its proximity to some of the Algarve's finest beaches. This project provides an excellent opportunity for personal use, holiday retreats, or as a rental investment in the thriving residential and tourism market.
Getting around
- Excellent water quality
Nearest beach · Ferragudo
~5 min drive · 1.6 km
Portimão (PRM)
~12 min drive · 9.8 km
Approximate, measured from the property's area rather than its exact address. Drive times © OpenStreetMap contributors (OSRM); airports: OurAirports; bathing water: European Environment Agency, 2024 season.
Where you’ll be
Ferragudo, Algarve, Portugal
- Nearest airport
- Portimão (PRM)
- 6 km
- Also close
- Faro (FAO)
- 50 km
- Nearest city
- Setúbal
- 160 km
Marker is the location supplied by the agency — approximate, and often deliberately so. The exact address is confirmed on enquiry. Distances are straight-line.
Buying property in Portugal
Portugal is open to foreign buyers with no restrictions on ownership. A NIF (tax number) and Portuguese bank account are required, and most buyers engage an independent lawyer to handle searches, contracts, and the public deed.
Mortgages are available to non-residents, typically up to 60–70% LTV.
The Golden Visa programme no longer accepts residential real estate as a qualifying investment (changed 2023).
General guidance only — confirm specifics with a qualified local lawyer or tax adviser. Reference
