Building Plot

Loulé, Faro, Portugal, 8135-011

For Sale

€1,875,000

REF: 413158 €1,875,000


Description

This attractive plot of land with 890m2 is situated in the popular Varandas do Lago development and allows for the construction of a villa with 356m2 + basement. Located in the quiet development of Varandas do Lago, close to Vale do Lobo and Quinta do Lago, this lovely plot with 890m2 allows for the construction of a south facing villa with 356m2 + basement. An excellent opportunity to build the villa of your dreams in a great location, close to the sea, the golf course, local restaurants and amenities.
This attractive plot of land with 890m2 is situated in the popular Varandas do Lago development and allows for the construction of a villa with 356m2 + basement. Located in the quiet development of Varandas do Lago, close to Vale do Lobo and Quinta do Lago, this lovely plot with 890m2 allows for the construction of a south facing villa with 356m2 + basement. An excellent opportunity to build the villa of your dreams in a great location, close to the sea, the golf course, local restaurants and amenities.
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Property on Map

#2052

Currency Exchange

Loulé, Faro, Portugal, 8135-011

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 €1,875,000 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
€1,875,000 £1,544,813 £1,611,469 £66,656
Property Price € €1,875,000
Minimum cost in the last six months £1,544,813
Maximum cost in the last six months £1,611,469
Fluctuating exchange rates over the last six months could have increased the cost of this property by £66,656

Loulé, Faro, Portugal, 8135-011

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 €1,875,000 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
€1,875,000 £1,544,813 £1,611,469 £66,656
Property Price € €1,875,000
Minimum cost in the last six months £1,544,813
Maximum cost in the last six months £1,611,469
Fluctuating exchange rates over the last six months could have increased the cost of this property by £66,656

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 £66,656 more.

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