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Stunning Plot of Land Near Palmares Ocean Living & Golf Resort, Algarve
Lagos, Faro, Portugal, 8600-306
REF: 338780
€2,250,000
Description
Prime 189,760 sq. m. plot near Palmares Resort, Algarve. Build up to 4,000 sq. m. Stunning views, near beach. Ideal for luxury home or tourist project. Contact us! Discover an exceptional investment opportunity in the heart of the Algarve! This magnificent plot of land, just 1.5 km from the renowned Palmares Ocean Living & Golf Resort, offers a unique blend of natural beauty and development potential.
Key Features:
- Prime Location: Only a short distance from the beach and the picturesque Ria de Alvor, ensuring both tranquility and convenience.
- Expansive Size: With a vast total land area of 189,760 sq. m., this property provides ample space for various development possibilities.
- Development Potential: Featuring a pre-1951 ruin, you have the chance to build up to 300 sq. m. for residential purposes or up to 4,000 sq. m. for a tourist accommodation project.
- Breathtaking Views: Enjoy stunning 360 panoramic countryside views that promise serene and picturesque surroundings.
- Accessibility: The property boasts good accessibility, making it easy to reach all local amenities and attractions.
This plot of land is perfect for those looking to invest in a prime location with significant development potential. Whether you're considering creating a luxurious private residence or a thriving tourist accommodation, this property offers endless possibilities.
Don't miss out on this rare chance to own a piece of the Algarve's natural beauty.
Contact us today for more information or to schedule a visit.
Prime 189,760 sq. m. plot near Palmares Resort, Algarve. Build up to 4,000 sq. m. Stunning views, near beach. Ideal for luxury home or tourist project. Contact us! Discover an exceptional investment opportunity in the heart of the Algarve! This magnificent plot of land, just 1.5 km from the renowned Palmares Ocean Living & Golf Resort, offers a unique blend of natural beauty and development potential.
Key Features:
- Prime Location: Only a short distance from the beach and the picturesque Ria de Alvor, ensuring both tranquility and convenience.
- Expansive Size: With a vast total land area of 189,760 sq. m., this property provides ample space for various development possibilities.
- Development Potential: Featuring a pre-1951 ruin, you have the chance to build up to 300 sq. m. for residential purposes or up to 4,000 sq. m. for a tourist accommodation project.
- Breathtaking Views: Enjoy stunning 360 panoramic countryside views that promise serene and picturesque surroundings.
- Accessibility: The property boasts good accessibility, making it easy to reach all local amenities and attractions.
This plot of land is perfect for those looking to invest in a prime location with significant development potential. Whether you're considering creating a luxurious private residence or a thriving tourist accommodation, this property offers endless possibilities.
Don't miss out on this rare chance to own a piece of the Algarve's natural beauty.
Contact us today for more information or to schedule a visit.
Read More
Property on Map
Currency Exchange
Lagos, Faro, Portugal, 8600-306
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 €2,250,000 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 |
|---|---|---|---|
| €2,250,000 | £1,888,470 | £1,940,760 | £52,290 |
| Property Price € | €2,250,000 |
| Minimum cost in the last six months | £1,888,470 |
| Maximum cost in the last six months | £1,940,760 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £52,290 |
Lagos, Faro, Portugal, 8600-306
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 €2,250,000 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 |
|---|---|---|---|
| €2,250,000 | £1,888,470 | £1,940,760 | £52,290 |
| Property Price € | €2,250,000 |
| Minimum cost in the last six months | £1,888,470 |
| Maximum cost in the last six months | £1,940,760 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £52,290 |
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 £52,290 more.
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