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North Porto Silver Coast North Silver Coast Beiras and Central Portalegre Lisbon Alentejo Évora Alentejo Beja Algarve East Algarve Central Algarve West


Listed by Quadrant Overseas Property Management

Price: 3,200,000 euros


Property Details

Town: Alentejo
Region: Other
Reference No.: 597

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Property Description

: The Alqueva lake in the Alentejo is the biggest artificial lake in Europe which is expected to have huge potential in terms of tourism. Already visitor numbers are increasing, in 2004 there were more than 500,000 visitors to the Alqueva Lake and Dam and in 2008 this number increased to 2 million.

The creation of a variety of leisure based infrastructures in particular watersports will allow the area to increase its tourism potential considerably which, at present, is based on its cultural heritage. There is no doubt that this area will become a major attraction and property hotspot and the Portuguese authorities recognise this. For this reason there are already strict planning controls in force which dictate that only 10% of the lakeside can be developed (approx 120km), the remaining 900km will be preserved to protect the unique landscape of this scenic location. Large areas around the lake will be nature reserves and all projects submitted will be assessed according to their green credentials. The government’s efforts are expected to give a new lease of life to this underdeveloped region but they are very conscious of the mistakes that have been made elsewhere in Europe in terms of over development and are determined it won’t happen here.

Not surprisingly there is a big demand from developers but only a small percentage will eventually be authorised. Of 12 golf courses under consideration only 4-5 are likely to be approved.

Access has improved considerably. Due to the construction of the dam access roads have been rebuilt as a result of which the journey from the Eastern Alentejo to Lisbon or the Algarve which previously took several hours can now comfortably be reached within 2 hours. The new Airport of Beja (formerly a very large Military Airbase) is expected to be rebuilt and opened soon. This should offer visitors to the Alqueva Lake an ideal connection with Low-Cost and Charter Airlines to the major destinations of West and Central Europe.

This plot of land has lakeside frontage and an area of 800,000sqm. There is outline planning for the construction of a residential resort or residential/commercial mix.

For further information call 01276 507513.

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Agent's Contact Details

Listed by: Quadrant Overseas Property Management
Phone: +44 (0)1276 507513
Mobile: +44 (0)1276 507514
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