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Silves
Silves | Algarve
Silves, Algarve, Portugal. , Silves , Algarve
Tourist Subdivision In Silves
Investment Opportunity in Lake Atalaia
- Silves, Algarve Located just 2 km from the historic city of Silves and 10 km from the stunning beaches of the Algarve, Lago da Atalaia reveals itself as a tourist resort of excellence. With an extension of 50 hectares in the middle of the Algarve mountains, this land offers stunning views over the Serra de Monchique, the Arade River and the surroun Investment Opportunity in Lake Atalaia
- Silves, Algarve Located just 2 km from the historic city of Silves and 10 km from the stunning beaches of the Algarve, Lago da Atalaia reveals itself as a tourist resort of excellence. With an extension of 50 hectares in the middle of the Algarve mountains, this land offers stunning views over the Serra de Monchique, the Arade River and the surrounding vineyards, providing an exclusive and welcoming environment. Venue Features: The region is one of the main tourist destinations in the Algarve, with easy access to the racetrack, marinas and several renowned golf courses. The proximity to Silves and the train station ensure great transport links, while the A2 and A22 motorways connect the development to the rest of the country and Faro airport, making this location even more attractive. Development Potential: Lago da Atalaia is located in an area of tourist aptitude according to the PDM of Silves, allowing the construction of up to 600 beds in various typologies, including hotel
- Type I Tourist Occupation Space (Hotel
- Type II Tourist Occupation Space (Catering): For the implementation of gastronomic services.
- Tourist Occupation Space Type III (Tourist Village): Diversified accommodation with 40 grouped houses and 22 isolated houses, ideal for families and groups. Conclusion: Atalaia Lake presents itself as a unique investment opportunity in the promising tourist market of the Algarve. With strategic planning and first
- Silves, Algarve Situated just 2 km from the historic town of Silves and 10 km from the stunning Algarve beaches, Lago da Atalaia stands out as an exceptional tourist development. Spanning approximately 50 hectares in the Algarve mountains, this land offers breathtaking views of the Monchique mountains, the River Arade, and the surrounding vineyards, providing an exclusive and welcoming environment. Location Features: This region is one of the Algarve
- Touristic Occupation Type I (Hotel
- Touristic Occupation Type II (Catering): For establishing food service.
- Touristic Occupation Type III (Tourist Village):D iverse accommodation with 40 clustered villas and 22 detached units, ideal for families and groups.
Property
Local Weather & Climate
Silves, Algarve
Current Conditions
Updated recently
56
°F
Overcast clouds
Feels Like
55°F
Humidity
94%
Wind
6 mph
Visibility
6.2 mi
Sunrise
7:39 AM
Sunset
5:54 PM
5-Day Forecast
Fri
30
Jan
Clouds
High
61°
Low
53°
Sat
31
Jan
Clouds
High
60°
Low
49°
Sun
1
Feb
Clouds
High
62°
Low
57°
Mon
2
Feb
Rain
High
59°
Low
49°
Tue
3
Feb
Rain
High
56°
Low
47°
Data from OpenWeatherMap
Walkability & Transit Scores
How easy is it to get around Silves?
Walkability and transit scores for this address come from the EPA National Walkability Index.
Mortgage Calculator
Estimate your monthly payments for this property
€
%
€100,000
%
Estimated Monthly Payment
$3,160
Monthly Payment Breakdown
Principal & Interest
$2,528
Loan Amount
$400,000
Total Interest
$337,621
Total Cost
$737,621
Potential Tax Benefits (Portugal)
€0
Est. First Year Interest Deduction
€0
Est. Annual Tax Savings
*Maximum annual deduction is €296. Property must be permanent residence. Phasing out for higher incomes.
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Important Information
- This calculator is for illustrative purposes only and does not constitute a loan offer, pre-approval, or commitment to lend.
- Monthly payment estimates do not include property taxes, homeowner's insurance, HOA fees, or other applicable costs which may significantly increase your actual payment.
- Interest rates shown are for demonstration only. Actual rates depend on your credit score, down payment, loan type, property location, and current market conditions.
- This tool provides estimates only. Consult with a licensed mortgage professional for accurate quotes and personalized advice.
- Tax benefit calculations are simplified estimates based on general assumptions for Portugal. Actual deductions depend on your specific tax situation, filing status, and current tax laws.
- Tax Year Information: Tax data shown is based on Portugal tax year 2025 (fiscal year: January-December). Tax laws change frequently and may have been amended since this data was compiled.
Tax Information Disclaimer
The tax benefit information displayed on this page is provided for general informational and educational purposes only. This information:
- Does not constitute tax advice and should not be relied upon as such. Tax laws are complex and vary by jurisdiction, individual circumstances, and are subject to change without notice.
- May not be current or accurate for your specific situation. Tax rules are updated frequently by governments, and the information shown may not reflect the most recent changes.
- Uses simplified assumptions that may not apply to your circumstances, including filing status, total income, other deductions, alternative minimum tax considerations, and local tax variations.
- Should not be used as the basis for any tax planning decisions or financial strategies without consulting a qualified tax professional licensed in your jurisdiction.
Before making any decisions based on potential tax benefits, you should consult with a qualified tax advisor, certified public accountant (CPA), or licensed tax professional who can evaluate your specific circumstances and provide advice tailored to your situation.
Frequently Asked Questions
Common questions about this property
This is a land parcel located in Silves, Algarve. The property is situated in an established neighborhood with convenient access to local amenities and services.
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