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Which investment opportunities are available in Ferragudo with planned development?

Considering investment opportunities in Ferragudo? This charming village is currently undergoing significant development that promises to enhance its appeal, making it a fantastic choice for investors. With plans to pedestrianise the town centre and create more green spaces, Ferragudo is on the rise and caters to both locals and tourists alike. Investment in properties here not only offers beautiful views and the tranquility of a fishing village but also the potential for high rental yields as tourism continues to grow. The anticipated construction of Ferragudo Marina aims to turn the village into one of Algarve’s more fashionable resorts, promising a competitive return on investment. Buyers seeking properties with future growth potential will find Ferragudo particularly enticing. Take this chance to invest in a burgeoning market filled with potential. For more information on available properties and investment advice, contact us today!

Saturday, 21 April 2018 - Algarve
Which investment opportunities are available in Ferragudo with planned development?

Ferragudo still retains that original fishing village charm, with one of the most picturesque harbours on the coast and proximity to some of the Algarve's best beaches. It enjoys a laid-back vibe with its white-washed homes, multiple cafes in the main square and boat-adorned shores - all basking in the sun!

The town is situated on top of a hill overlooking the river estuary of Rio Arade. It is also home to the medieval fort of São João de Arade, which used to be the area's watchtower.

 Ferragudo Castle

 

Development in Progress

Ferragudo has been receiving a facelift over the last few years to help create a more welcoming environment for visitors.

The focus of works in the centre of Ferragudo were based on transforming the village into a place dedicated to pedestrians, with an increase in green spaces being promoted by the local council who are responsible for the works.

The works in Ferragudo involve removing all traffic and parking from the downtown area of the village, next to the Largo Rainha D. Leonor and the construction of a new parking area. The works cost between seven and eight million euros with the project expected to be completed in various phases.

A public tender for the works was launched towards the end of 2018 and requalification works also had to be studied by local authorities including the port authorities, the Portuguese environmental agency and mobility experts.

The main square was set to be opened up, with the wall that was/is there being removed, while the surrounding area will be pedestrianized. Along the riverfront, the restaurant grill areas are to be made uniform, however the traditional elements of the local fishermen will not be lost as the council have identified that this remains an integral part of village life and will be preserved and highlighted.

Furthermore, a long-awaited project for construction of Ferragudo Marina is committed to contribute into its development as one of the most fashionable holiday resorts on the Algarve.

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