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1 565 000 €
Land in Montenegro, FaroFaro, Faro
Land in Montenegro with multimedia
2 040 m²
Energy efficiency
Strategic Location | Favorable PIP | High Profitability Potential We present a set of three contiguous urban plots, located in the Marchil area, Montenegro – one of the most exclusive and highly valued residential areas in Faro. 📊 Technical Data: Total Land Area: 2,040 m². Building Capacity (Index): 972 m². Maximum Permitted Density (PDM): Up to 9 Dwellings (9.72 units). Urban Planning Status: Favorable PIP with positive opinions regarding infrastructure and public networks. 💡 Project Flexibility (Business Cases): This asset allows the investor to choose from different business models, depending on the desired return profile: Condominium of Detached Houses (5-Unit Scenario): The ideal configuration to maximize the sales value per square meter. Independent plots of approximately 400 m² allowing the construction of detached houses with private gardens and swimming pools, maintaining the exclusivity and privacy that the Montenegro market demands. Luxury Development (3-Unit Scenario): Large houses (324 m² each) on generous plots of approximately 680 m². Maximized Density (Up to 9 Units): Full utilization of the housing index permitted by the Municipal Master Plan for terraced or semi-detached houses. ✅ Why Invest Here? Reduced Urban Planning Risk: The favorable opinion of the Faro City Council has already validated the main constraints (aeronautical easements, water lines and FAGAR infrastructure). Excellent Location: 2 minutes from Faro Airport, University of Algarve and quick access to Faro Beach. This is the ideal asset for developers seeking a differentiated product in a market with a shortage of qualified urban land.