Prime Land Plot For Residential Development In Lagos, Algarve

Prime plot of land with a total area of 34,640 m², located in the prestigious area of Horta do Trigo / Falfeira, in São Gonçalo de Lagos. Integrated into Execution Unit 1 (UE1) of the Lagos Urbanization Plan, this asset benefits from an unbeatable location: just 2 km from the historic city center, 3 km from the beaches (Meia Praia, Dona Ana, and Porto de Mós), 5 km from the A22 highway access junction, and 90 km from Faro International Airport, ensuring sustained demand and strong future appreciation.

The property features a subdivision project currently at the Feasibility Study / Preliminary Project stage, approved with a favorable opinion, which provides for the construction of 5 multi-family residential lots, with a total of 112 residential units (typologies T1 to T4 / 1 to 4 bedrooms), spread across buildings with 4 floors above ground + basement. The applicable urban planning metrics are exceptional:
* Intervention Area (SUP): 18,810 m²
* Footprint Area: 8,884.54 m²
* Total Gross Construction Area: 16,929 m²
* Parking Spaces: 131 spaces
* Ceded Areas to Public Domain: Total of 22,384 m² (allocated to roads, sidewalks, 6,049 m² of green spaces, and 6,409 m² for community amenities)

These infrastructures perfectly integrate into the urban grid planned for the city’s new expansion front.

The process is at an advanced and technically sound stage, featuring a favorable conditional Environmental Impact Statement (DIA), issued in March 2023 by CCDR Algarve, which unlocks the investment with full legal compliance. The conditions imposed including hydraulic-hydrological studies for drainage with a 100-year return period, the preservation of ecological corridors and connection to the future Equipped Urban Park, archaeological monitoring, and water and energy efficiency measures are entirely feasible tasks to be addressed during the Environmental Compliance Report of the Execution Project (RECAPE) stage, adding structural robustness and environmental sustainability to the development.

Regarding urban planning charges, the Municipal Council has already estimated an amount of approximately €1.48 million, covering urban compensation (equalization fee), UE1 infrastructure charges, and the Municipal Urbanization Tax (TMU). Technical studies and specialized monitoring add to this figure, with costs fully aligned with standard investment parameters for projects of this scale. The UE1 Compensation Fund has not yet been formally established, making the negotiation of the future urbanization contract a flexible and open topic among the execution unit’s landowners, offering scope for optimized financial planning.

This is a unique opportunity for developers and real estate investors seeking a large-scale project in one of the most sought-after municipalities in the Algarve. Featuring a consolidated urban framework, approved environmental viability, and a central location, this land represents the key to developing a premium residential project with high profitability and strong demand from the luxury and upper-middle market segments.

For more information or to review the full documentation, please do not hesitate to contact us.
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