Estoril | Investment Urban Residential Land
- Apr 12, 2017
- 2 min read
Estoril is a stylish and fashionable Portuguese beach resort, also commonly known as the Portuguese Riviera, that is situated on the beautiful coastline that extends to the west of Lisbon.
Estoril strikes the perfect balance between Portuguese charm and excellent tourist facilities, to create the ideal destination for those who want more than just great beaches. The town boasts fine restaurants, excellent hotels and the largest casino of the Iberian Peninsula and where Ian Fleming wrote Casino Royal, all of which provide Estoril with a prosperous atmosphere and a reputation for exclusivity.
Within the Estoril region, there are a diverse selection of sights and activities; glorious beaches, championship grade golf courses and historic towns to explore. From Estoril it is only a short walk along the Paredão à beira mar to the picturesque fishing town of Cascais, while to the north are the scenic hills of the Serra de Sintra and the charming town of Sintra.
Here we have a plot of land for development, designated Urban Residential and classified as in a luxury zone (classification 7), with 2660 sqm. Having a construction index of 50% , an area equivalent to 1300 sqm. With an opportunity to increase the build area up to 2300 sqm, with the proviso of concessions or compensation to the Local Authority of Cascais.
Current average price per sqm for the Union of Parishes of Cascais & Estoril around 3.500€, and luxury properties attaining 4.300€ to 5.300€ per sqm in Estoril, and a demand ever increasing, this plot offers an exceptional opportunity for investment and the development of luxury town-houses and apartments, all in a stone throw from the coast line and the heart of Estoril.
With foreigners being the principal buyers in the luxury market, with especial focus in the primary tourist destinations such as Cascais & Estoril in the region of Lisbon, and accounting for 15% of the property market, development of luxury properties has been and is a good investment.
Plot Estoril Estoril
€ POA
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