Unique investment opportunity in Olhão

This prime plot of land represents an outstanding opportunity for investors and developers. Ideally located in Olhão, close to the EN125 and the Ria Formosa Shopping Centre, the property has a total area of 9,108 m² and benefits from an approved project for 150 residential units.

Set in a peaceful environment while remaining close to key amenities and transport links, the location offers strong appeal to future residents. Olhão continues to experience steady growth and rising demand for quality housing, making this site particularly attractive for long-term investment.

For those seeking a high-potential development project with excellent return prospects, this opportunity stands out. This is a chance to enter a dynamic and expanding market and to create a residential development that will generate strong interest and lasting value.

Recent reports from 2025 highlight Olhão as an authentic and charming destination, renowned for its fishing heritage, lively markets, and proximity to the Ria Formosa Natural Park. Often described as a “hidden gem” of the Algarve, the city combines tranquil living with a blend of modern comforts and traditional character.

Olhão

Olhão is a hidden gem that sparkles in the heart of the Algarve. With its whitewashed buildings and cobbled streets, it exudes a charm and character that is uniquely its own. As you wander through its winding alleyways, you will discover a vibrant and bustling town that's brimming with life.

The town is alive with the sights and sounds of the sea, with fishermen bringing in their daily catch and seagulls circling overhead. The sea is a constant presence, with the shimmering waters of the Ria Formosa lapping at its shores. It's a place where you can feel the salty breeze on your face and hear the waves crashing against the rocks.

The town's architecture is a fusion of Moorish and Portuguese influences, with ornate balconies and intricate tile work adorning its buildings. The colours are bright and bold, with shades of blue, green, and yellow adding a touch of Mediterranean flair.

But Olhão is not just a pretty face. It is a town with a rich history and culture, with museums and galleries showcasing its past and present. It's a place where you can taste the flavours of the sea in its seafood restaurants and soak up the local atmosphere in its lively markets.

Above all, Olhão is a place of warmth and hospitality. Its people are friendly and welcoming, always ready to share a smile or a kind word. It's a town that will capture your heart and leave you longing to return.

OliveHomes.com

Remember, we are different! If you are not sure about where to buy then let us help. The location is probably the most important consideration for long term enjoyment in your new home. Or maybe you want long term capital growth? Whichever it is, whatever it is, remember we take it one step at a time. You are on a journey with us. A journey to discover whether Portugal is right for you, whether you want coast or inland, busy or quiet, expats or locals and, of course, proximity to the local restaurant! At OliveHomes.com we start with the location and make sure that is perfect before moving on to the property. So, if you are not sure then please ask. We love nothing more than showing the delights that Portugal has to offer.

OliveHomes.com is a dedicated and hard-working real estate company with vast experience and local knowledge within the property market, helping you to buy your perfect home or to sell your existing home. Virtual selling is our reality. We offer our unique 'Virtual Experience' on as many properties as we can. Take a look around in your own time and you will find a fully immersive 3D experience; a 360° tour (allowing you to remotely access the property), overhead videos and floor plans. We believe in giving you as much information as possible. Add to this our enthusiastic thirst for the perfect service and you'll see why our reviews (on both Google and our website) are so high! We like to help and take responsibility from start to finish so we can happily recommend lawyers, furniture companies, architects, surveyors, builders - nothing is too much trouble. Need a mortgage or bank account? - let us make an appointment. At OliveHomes.com we pride ourselves in matching you to your ideal investment or holiday home in the perfect location.

Turn your property purchase dream into a reality.

Contact us today and let's make it happen.