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Project to build 8 luxury apartments on the edge of town

In Ferragudo, Lagoa

algarve property for sale,investment property portugal,portugal property

  • 665 m2
480.000 €

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Project to build 8 luxury apartments on the edge of town

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Project to build 8 luxury apartments on the edge of town

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Project to build 8 luxury apartments on the edge of town


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Development for sale in Ferragudo

Here is an opportunity for the budding investor looking to take on slightly larger scale projects. The approved project currently allows for the construction of 8 apartments, 2 x T0 units, 5 x T1 units and 1 x T2.  

There is also the approval for private and secure parking in the basement level of the properties.  

The plot itself is located just 5 minutes from the centre of Ferragudo, one of the most beautiful silhouettes of village by the sea that can be found in all the Algarve.


With the increase of the canning industry, at the beginning of the last century, Ferragudo became a prosperous village, disputing the first positions in the national fishing market. Golden times that ended with the decline of industry, late, unable to keep up with new technologies, making it unprofitable.

Today, Ferragudo continues to live from the sea but in a different perspective. Tourism has set in, bringing with it progress and wealth from overseas. 


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Advantages of Buying & Living in Portugal


Ideal Homes Mortgage Department provides free brokerage consulting and can help you arrange up to 80% financing for your property purchase, at competitive rates. Depending on your circumstances you may also qualify for new residency and tax incentives, learn more here



 1. Over 300 days of sunshine per year
 2. International airport with cheap & easy flights to the UK & Ireland - Over 90 a day in high season
 3. High quality construction and best rising property values in Europe  
 4. Option to enjoy a holiday home and have rental returns as high as 14%
 5. Great residency programs and tax advantages
 6. Beautiful beaches and islands 
 7. Fabulous cuisine, with one of the world's largest selections of wine and seafood  
 8. Award winning golf courses, watersports and a never ending list of activities 
 9. Low cost of living with fantastic quality of life and rich culture 
10. One of the world's safest places to live


More Info... 

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Property Details

  • Reference IDH30778
  • Type Development
  • Certification In process
  • Bedroom(s) -
  • Bathroom(s) -
  • House area 665 m2
  • Land area 665 m2
  • Zone Ferragudo
  • Region Faro
  • Features: