Allotment for 3 Buildings and a lot for trade

Portimão, Faro, Portugal

For Sale

€1,700,000

REF: 258512 €1,700,000


8200 m2

Description

Allotment for 3 Buildings and a lot for trade. The land has an area of 8200sqm and authorizes 4095sqm of construction above ground, for 13 Apartments T1,21 Apartments T2,10 Apartments T3 and 68 parking lots plus a shop / warehouse for Retail. In a prime area of the city.
Allotment for 3 Buildings and a lot for trade. The land has an area of 8200sqm and authorizes 4095sqm of construction above ground, for 13 Apartments T1,21 Apartments T2,10 Apartments T3 and 68 parking lots plus a shop / warehouse for Retail. In a prime area of the city.
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Property on Map

#AV-PBI-BIP-118

Currency Exchange

Portimão, Faro, 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 €1,700,000 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
€1,700,000 £1,414,196 £1,463,054 £48,858
Property Price € €1,700,000
Minimum cost in the last six months £1,414,196
Maximum cost in the last six months £1,463,054
Fluctuating exchange rates over the last six months could have increased the cost of this property by £48,858

Portimão, Faro, 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 €1,700,000 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
€1,700,000 £1,414,196 £1,463,054 £48,858
Property Price € €1,700,000
Minimum cost in the last six months £1,414,196
Maximum cost in the last six months £1,463,054
Fluctuating exchange rates over the last six months could have increased the cost of this property by £48,858

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 £48,858 more.

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