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Land with Construction Feasibility in the center of Loulé
Loulé, Faro, Portugal, 8100-231
REF: 489563
€2,500,000
Description
Land with feasibility construction, block / s of apartments, in the city center of Loulé.
This land is located in the Loulé City Center 650M from loulé market, next to all amenities, restaurants, supermarkets, public offices and all access.
Total construction area allowed by the MDP at the moment 2500m2, with process in approval in the chamber.
The visible proposal in the annex has already entered the CML as a form of request for prior approval for the construction of the described below that extends the construction areas allowed at this time by the MDP;
- Total area of Lot 4313m2
- 2500m2 of Construction area
for parking - 20% of the construction area for parking
- 4 floors above ground
- 600m2 of implantation area + basement
- 20% of the implantation area for
terraces About Loulé !
Today, Loulé is the economic center of the largest Portuguese municipality, where coastal villages live off tourism and the interior depends on trade and agriculture. On the outskirts of the city are some of the best known tourist areas of the Algarve, such as Vilamoura or Quarteira on the coast and Salir or Alte in the interior.
Very close to the city, nature lovers will be pleasantly surprised by the Protected Areas of Benémola and Rocha da Pena, which help preserve a different Algarve, full of native vegetation and where it is possible to make organized walks.
Loulé's carnival celebrations are among the most famous in Portugal, as well as its White Night and MED Festival !
Land with feasibility construction, block / s of apartments, in the city center of Loulé.
This land is located in the Loulé City Center 650M from loulé market, next to all amenities, restaurants, supermarkets, public offices and all access.
Total construction area allowed by the MDP at the moment 2500m2, with process in approval in the chamber.
The visible proposal in the annex has already entered the CML as a form of request for prior approval for the construction of the described below that extends the construction areas allowed at this time by the MDP;
- Total area of Lot 4313m2
- 2500m2 of Construction area
for parking - 20% of the construction area for parking
- 4 floors above ground
- 600m2 of implantation area + basement
- 20% of the implantation area for
terraces About Loulé !
Today, Loulé is the economic center of the largest Portuguese municipality, where coastal villages live off tourism and the interior depends on trade and agriculture. On the outskirts of the city are some of the best known tourist areas of the Algarve, such as Vilamoura or Quarteira on the coast and Salir or Alte in the interior.
Very close to the city, nature lovers will be pleasantly surprised by the Protected Areas of Benémola and Rocha da Pena, which help preserve a different Algarve, full of native vegetation and where it is possible to make organized walks.
Loulé's carnival celebrations are among the most famous in Portugal, as well as its White Night and MED Festival !
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Property on Map
Currency Exchange
Loulé, Faro, Portugal, 8100-231
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 €2,500,000 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 |
|---|---|---|---|
| €2,500,000 | £2,070,775 | £2,148,625 | £77,850 |
| Property Price € | €2,500,000 |
| Minimum cost in the last six months | £2,070,775 |
| Maximum cost in the last six months | £2,148,625 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £77,850 |
Loulé, Faro, Portugal, 8100-231
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 €2,500,000 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 |
|---|---|---|---|
| €2,500,000 | £2,070,775 | £2,148,625 | £77,850 |
| Property Price € | €2,500,000 |
| Minimum cost in the last six months | £2,070,775 |
| Maximum cost in the last six months | £2,148,625 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £77,850 |
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 £77,850 more.
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