Plot 201 is a 160m/sq plot at €80,000 in Santa Maria town, suitable for the construction of 8 apartments.
Example of build costs, selling at €1100 m/sq. (Properties in Santa Maria sell from 1000 to 3000 euros a square meter and this is rising).
PLOT 201 is 16,00x10,00m = 160,00 sq.m.
You can build on 10m x11m of the land which allows approximately 450 sq.m. of construction on 4 floors totalling 8 one bedroom apartments.
Construction cost: 450m x500E/sq.m build costs 225.000 E
Land cost 80.000 E
__________
Total cost 305,000 E
Sales 450x 1100E/sq.m sales price (min) = 495,000 E
Profit (estimated) = 190,000 E
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