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Amazing opportunity to build the project of your dreams with the most spectacular country views and superb location near Pincho, only 20 minutes driving from Lagos
Lagos, Algarve, Portugal
REF: 410516
€1,999,950
Description
Amazing opportunity to build the project of your dreams with the most spectacular country views and superb location near Pincho, only 20 minutes driving from Lagos.
The property has two residential buildings with garage, 5 lakes and 6 draw-wells.
During the winter, there is plenty of water flowing through the river that is crossing the plot. The soil is very fertile, suitable for a vineyard, and there are a lot of cork oak trees and medronho bushes.
The plot is located 10 km from the south coast and 15km from the west coast of Algarve, and is easily accessible for all kinds of vehicles by the asphalted roads.
The proximity to the mountains and the Bravura dam give the land very particular and perfect conditions.The accessibility provided by the proximity to the A22, the proximity to the city of Lagos, as well as the proximity to facilities such as Faro airport, the airfield of Lagos and Portimão, the international autodrom of Algarve, put the land in a privileged location of great strategic value.
The extraordinary weather conditions, as well as the security and tranquility that the region offers, are very attractive factors.
There is already a approved project for a rural hotel, with 12 rooms, 6 one bedroom apartments and 2 two bedroom apartments.
Amazing opportunity to build the project of your dreams with the most spectacular country views and superb location near Pincho, only 20 minutes driving from Lagos.
The property has two residential buildings with garage, 5 lakes and 6 draw-wells.
During the winter, there is plenty of water flowing through the river that is crossing the plot. The soil is very fertile, suitable for a vineyard, and there are a lot of cork oak trees and medronho bushes.
The plot is located 10 km from the south coast and 15km from the west coast of Algarve, and is easily accessible for all kinds of vehicles by the asphalted roads.
The proximity to the mountains and the Bravura dam give the land very particular and perfect conditions.The accessibility provided by the proximity to the A22, the proximity to the city of Lagos, as well as the proximity to facilities such as Faro airport, the airfield of Lagos and Portimão, the international autodrom of Algarve, put the land in a privileged location of great strategic value.
The extraordinary weather conditions, as well as the security and tranquility that the region offers, are very attractive factors.
There is already a approved project for a rural hotel, with 12 rooms, 6 one bedroom apartments and 2 two bedroom apartments.
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Property on Map
Currency Exchange
Lagos, Algarve, 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 €1,999,950 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 |
|---|---|---|---|
| €1,999,950 | £1,656,579 | £1,718,857 | £62,278 |
| Property Price € | €1,999,950 |
| Minimum cost in the last six months | £1,656,579 |
| Maximum cost in the last six months | £1,718,857 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £62,278 |
Lagos, Algarve, 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 €1,999,950 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 |
|---|---|---|---|
| €1,999,950 | £1,656,579 | £1,718,857 | £62,278 |
| Property Price € | €1,999,950 |
| Minimum cost in the last six months | £1,656,579 |
| Maximum cost in the last six months | £1,718,857 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £62,278 |
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 £62,278 more.
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