28 Jul 2020
Property prices in Portugal are expected to rise by around 9.5% this year, which means that Portugal will be one of the two European countries with the strongest increase in property prices. This is the result of a recent report by the American rating agency Standard & Poors (S&P), which analysed the housing market of ten European countries - Belgium, France, Germany, Ireland, Italy, the Netherlands, Portugal, Spain, Switzerland and the United Kingdom.
Close to the centre of a well-known city, one of the largest construction projects ever in Portugal is approved. On an area of approx. 45,000m², apartments, a hypermarket, as well as a 5***** hotel, offices, a retirement community and 800 underground parking spaces are to be built.
On three underground levels, 800 parking spaces will be created, which are ideally suited for a Park&Ride thanks to the favourable location.
Plot with project for the construction of a 79.965 sqm building, with different occupations.
Proposed occupation areas
• Stores – 9.150 sqm
• Services – 2.065 sqm
• Hotel – 7.950 sqm
• Residential – 9.839 sqm
• Equipment * – 16.045 sqm
• Parking – 34.915 sqm
* (Senior Residencies / Clinic / Student Accomodation/ etc.)
Land price incl. accured project costs: 36.000.000€
Land area: 9.834m²
Investment volume incl. land: 127.000.000€
Cost estimation without ground: 70.000.000€
(All numbers are approximate)
Project can be modified