Residential Land For Sale

Picture of Residential Land For Sale in Praia Da Luz, Algarve, Portugal

€1,375,000

Praia Da Luz, Algarve, Portugal

5,310 sqm

Year Built: 0

Listed By: Euro Resales

Listed On: 06/09/2023

Listing ID: GL5338239

Description

Superb Land Plots For Sale in Praia Da Luz Portugal Euroresales Property iD- 9825767 Land information: A unique opportunity to acquire 5,310 square metres of land in the heart of Praia Da Luz, Portugal. This plot of land has full planning permission to build five luxury villas with swimming pools. Each villa can be perfectly positioned to enjoy spectacular ocean views. We envisage that these villas will sell for between 1.2-1.6 million euros per villa, dependant on the build and finish. Due to the shortage of available land to develop in Praia Da Luz, this is a very lucrative opportunity for a dynamic investor. Plot 1 250sqm build size 1250 sqm plot size Plot 2 229sqm build size 1143sqm plot size Plot 3 204sqm build size3 1020 sqm plot size Plot 4 197sqm build size 985 sqm plot size Plot 5 182 sqm build size 912sqm plot size About the Area: For eight years Portugal's tourism has increased without interruption, reaching a record 12.8 million arrivals in 2018. Having increased by 8.1 percent, Portugal's tourism sector witnessed the most growth of any of its fellow European Union members last year. According to the World Travel and Tourism Council, the Portuguese tourism industry has grown by an additional 5.3 percent in 2019—more than double the average of other countries in Europe. At the beginning of summer, Portugal was named Europe's Leading Destination in the 2019 Travel Awards. So what's behind Portugal's record-breaking increase in tourism? So why are these holiday-makers flocking to this vibrant seaside destination?Let's look at three of the reasons below; Portugal is a combination of bustling cities, rustic villages and rugged mountainous landscapes. With 800 kilometers of coastline and some of the most pristine beaches in Europe. Portugal is home to medieval castles, marble villages, and blue-tiled cities. The culture and heritage of the 2,000-year-old iberian nation were shaped by Celtic, Roman, Visigoth, Moor, and Christian influences. Brief History of lagos (closest town to Praia Da Luz) inhabited since pre-historic times, the city of Lacobriga has Celtic origins, dating from about 2000 B.C. it is known that its harbour was visited by Mediterranean peoples such as Phoenicians, Greeks and Carthaginians, and it was still of great importance during the period of Roman rule. With the Arab occupation of the Algarve in the 8th century, the city changed hands but retained its economic and strategic importance, as shown by the building of an important defensive wall in the 10th century. With the Christian re-conquest in 1249, Lagos began a new period in its long history. in the 15th and 16th centuries, it witnessed great growth in its economy and population. it was during this period that the city became the main port of arrival and departure for the vessels that explored the African coast, making Lagos one of the main centres in the world for the trade in exotic produce and spices. Prince Henry the Navigator, father of the maritime Discoveries, lived in Lagos, and it was he who made this city into the port for the ships of Gil Eanes, the Algarve sailor who rounded Cape Bojador in 1434. Nowadays, Lagos is one of the main tourist centres in the Algarve.