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Urbanization in Tavira Plot with 39,431, for urbanization
Tavira, Faro, Portugal
REF: 320722
€5,000,000
Description
Urbanization in Tavira Plot with 39,431, for urbanization. This plot is located in one of the last areas of Tavira where a project of this size is possible, according to the PDM of Tavira. Just 2 minutes from the center of Tavira, located to the north of the EN125, it is close to prestigious urbanizations such as Mato Santo Espírito, and Nora Velha, with its surrounding 3 commercial establishments. This project foresees an exclusively residential urbanization, with the creation of 46 lots, for the construction of 22 detached houses, 13 terraced houses, 2 zones of semi-detached houses and 9 lots for blocks of 8 apartments. Construction of 277 parking spaces is expected. The estimated gross construction area is 22,730 m2 Excellent investment opportunity About the City of Tavira: Tavira is a small picturesque town and considered the real jewel of the Eastern Algarve. Located between Faro international airport and the border with Spain, this charming location offers a peaceful and welcoming environment to its visitors and has been considered one of the best tourist destinations for families in the south of Portugal. Here you will find some of the most famous beaches on the Algarve coast, such as ‘Barril’, ‘Terra Estreita’ or ‘Cabanas’, and of course the island of Tavira. Discovering Tavira is also a challenge, due to its historic streets, its castle, and its 24 churches #ref: 56892
Urbanization in Tavira Plot with 39,431, for urbanization. This plot is located in one of the last areas of Tavira where a project of this size is possible, according to the PDM of Tavira. Just 2 minutes from the center of Tavira, located to the north of the EN125, it is close to prestigious urbanizations such as Mato Santo Espírito, and Nora Velha, with its surrounding 3 commercial establishments. This project foresees an exclusively residential urbanization, with the creation of 46 lots, for the construction of 22 detached houses, 13 terraced houses, 2 zones of semi-detached houses and 9 lots for blocks of 8 apartments. Construction of 277 parking spaces is expected. The estimated gross construction area is 22,730 m2 Excellent investment opportunity About the City of Tavira: Tavira is a small picturesque town and considered the real jewel of the Eastern Algarve. Located between Faro international airport and the border with Spain, this charming location offers a peaceful and welcoming environment to its visitors and has been considered one of the best tourist destinations for families in the south of Portugal. Here you will find some of the most famous beaches on the Algarve coast, such as ‘Barril’, ‘Terra Estreita’ or ‘Cabanas’, and of course the island of Tavira. Discovering Tavira is also a challenge, due to its historic streets, its castle, and its 24 churches #ref: 56892
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Property on Map
Currency Exchange
Tavira, 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 €5,000,000 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 |
|---|---|---|---|
| €5,000,000 | £4,141,550 | £4,297,250 | £155,700 |
| Property Price € | €5,000,000 |
| Minimum cost in the last six months | £4,141,550 |
| Maximum cost in the last six months | £4,297,250 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £155,700 |
Tavira, 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 €5,000,000 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 |
|---|---|---|---|
| €5,000,000 | £4,141,550 | £4,297,250 | £155,700 |
| Property Price € | €5,000,000 |
| Minimum cost in the last six months | £4,141,550 |
| Maximum cost in the last six months | £4,297,250 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £155,700 |
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 £155,700 more.
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