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Plot of land in Albufeira

São Marcos da Serra, Albufeira, Faro

Price and sale terms

Current price €12,500,000 Ends on 12/22/2026
Status
Open
Sale type
Auction
Origin
Auction houses

Property details

Property type
Land
Parish
São Marcos da Serra

Description

Agricultural estate in the municipality of Albufeira, Algarve, spanning 10.15 hectares with approved plans for a 2,000 m² rural hotel. The property includes existing modular housing units, greenhouses, water wells, and fruit trees, currently generating €3,800 monthly rental income from four units. Infrastructure features include electricity, sewage, and a large storage tank. The development project envisions a 4-star hotel with 39 accommodation units, a swimming pool, and parking facilities, situated near Praia da Galé and local amenities.

How much could this purchase cost?

An estimate of acquisition costs, computed with the tax rules in force. Adjust the values to your case.

  • Price €12,500,000
  • IMT (transfer tax) €937,500
    Legal basis

    CIMT art. 17.º n.º 1 alínea c), limites da Lei 73-A/2025 (OE 2026) · in force since 01/01/2026

  • Stamp duty €100,000
    Legal basis

    TGIS verba 1.1 (0,8%); base igual à do IMT por força do CIS art. 9.º n.º 4 (AT, IVE 17060) · in force since 12/01/2003

  • Casa Pronta (deed and registration) €375
    Legal basis

    RERN art. 27.º-A (procedimento especial de transmissão, oneração e registo, se apenas for registado um facto) · in force since 01/01/2026

Estimated total €13,537,875
  • No known VPT: IMT and stamp duty were computed on the price. If the VPT is higher, it becomes the tax base.
  • The auction house or bank commission is not published and is left out of the total. Confirm it in the sale conditions.
  • Assumes an individual buyer resident in Portugal. Since 25-05-2026 a non-resident pays 7.5% IMT on housing, with exceptions.

Informative estimate. Amounts may vary with the actual terms of the acquisition and the applicable law. Confirm with the competent authorities or a professional.

Rivesta analysis

Turn the property data into an investment decision

The facts above are open to everyone. Rivesta analysis reads them for you: compares with the market, weighs the risk and explains why.

  • Market

    Does the price make sense for the area? Market references and comparables.

  • Risk

    What could go wrong? The property's and the sale's risk factors, explained.

  • Opportunity

    Is this one worth a look? The economic factors for and against.

  • Visual intelligence

    What condition is it in, from the photos? Signs of works and apparent upkeep.

  • How to proceed

    How, where and to whom to make an offer, the deadline, the deposit and the sale documents.

Available with Paid Rivesta

Before going ahead, always confirm the terms of the sale with the entity that publishes it.

€12,500,000