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Plot of land located in prime area of Cascais, for construction
Cascais, Lisboa, Portugal
REF: 141652
€4,200,000
Description
Plot of land, located in a noble area of Cascais, for construction. Currently, there is a villa T10, isolated, in a plot of 1500sqm, with gross construction area of 495sqm, in reasonable condition but in need of maintenance and updating. Located in residential area. It is involved with several developments of gated communities and new condominiums under construction. Central area of Cascais with good access, good services, and trade in the immediate surroundings. Near Fisherman's Beach, Boca do Inferno, and with access to the wall that connects Cascais to Guincho. Based on a renowned Consultant Report, which we indicate in case of interest, according to pdm parameters, there is the possibility of building an apartment building, with a deployment area of 600sqm, gross construction area of 3000sqm above ground and two floors in basement with 1200sqm. The property is sold refunded and free of any onus or charges. The information referred to is not binding and does not dispense with the consultation of the documentation of the property.
Plot of land, located in a noble area of Cascais, for construction. Currently, there is a villa T10, isolated, in a plot of 1500sqm, with gross construction area of 495sqm, in reasonable condition but in need of maintenance and updating. Located in residential area. It is involved with several developments of gated communities and new condominiums under construction. Central area of Cascais with good access, good services, and trade in the immediate surroundings. Near Fisherman's Beach, Boca do Inferno, and with access to the wall that connects Cascais to Guincho. Based on a renowned Consultant Report, which we indicate in case of interest, according to pdm parameters, there is the possibility of building an apartment building, with a deployment area of 600sqm, gross construction area of 3000sqm above ground and two floors in basement with 1200sqm. The property is sold refunded and free of any onus or charges. The information referred to is not binding and does not dispense with the consultation of the documentation of the property.
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Currency Exchange
Cascais, Lisboa, Portugal
Interested in this property? Don't lose out to currency fluctuations changing the price you pay...
Many overseas buyers in Portugal do not realise they can lose thousands of pounds through adverse currency exchange rate movements.
The property buying process in Portugal takes time; it could be up to six months between seeing the property of your dreams and actually taking ownership. So how much would this €4,200,000 property cost you?
| Property Price € | Minimum cost in the last six months | Maximum cost in the last six months | Fluctuating exchange rates over the last six months could have increased the cost of this property by |
|---|---|---|---|
| €4,200,000 | £3,478,902 | £3,609,690 | £130,788 |
| Property Price € | €4,200,000 |
| Minimum cost in the last six months | £3,478,902 |
| Maximum cost in the last six months | £3,609,690 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £130,788 |
Cascais, Lisboa, Portugal
Interested in this property? Don't lose out to currency fluctuations changing the price you pay...
Many overseas buyers in Portugal do not realise they can lose thousands of pounds through adverse currency exchange rate movements.
The property buying process in Portugal takes time; it could be up to six months between seeing the property of your dreams and actually taking ownership. So how much would this €4,200,000 property cost you?
| Property Price € | Minimum cost in the last six months | Maximum cost in the last six months | Fluctuating exchange rates over the last six months could have increased the cost of this property by |
|---|---|---|---|
| €4,200,000 | £3,478,902 | £3,609,690 | £130,788 |
| Property Price € | €4,200,000 |
| Minimum cost in the last six months | £3,478,902 |
| Maximum cost in the last six months | £3,609,690 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £130,788 |
The exchange rate on the day you make an offer on your property in Portugal will not be the same as the rate you pay when you complete on your purchase, as currency markets move constantly. Any large rate movements may take it beyond your price range as the chart above illustrates the fluctuation and how much extra your property could have cost you.
The best way to avoid this significant risk is to plan your budget and currency strategy with an experienced currency specialist. They have been known to save you up to 4% compared to many high street banks, £4,000 for every £100,000, which soon adds up. They will also keep you up to date on market movements, help you set a rate in advance with a product called a Forward Contract - so you know exactly what you will pay for your property in sterling.
This is why we recommend Smart Currency Exchange Ltd. If exchange rate movements continue to be as unpredictable and as significant as they have been in the past then by not using Smart Currency Exchange Ltd your property could cost you £130,788 more.
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