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This beautiful 35,000m2 plot of land is located in the quiet location of Pinheiral, but has the added benefit of being just ten minutes from Lagos and all its amenities
Lagos, Algarve, Portugal, 8600-325
REF: 525836
€890,000
Description
This beautiful 35,000m2 plot of land is located in the quiet location of Pinheiral, but has the added benefit of being just ten minutes from Lagos and all its amenities.
There is a ruin on the land, and there is potential to build up to 300 m2 for residential purposes; 500 m2 for agricultural support such as stables, with the exception of rural tourism or residential tourism developments, where a maximum area of 2,000 m2 is allowed.
The plot has open views of the countryside, with a mixture of flat and gently sloping areas. The soil is fertile and has many regional trees, and a pine forest.
This is a fantastic opportunity to buy a large plot in a peaceful location. Viewing is highly recommended to fully appreciate the beauty of this plot.
This beautiful 35,000m2 plot of land is located in the quiet location of Pinheiral, but has the added benefit of being just ten minutes from Lagos and all its amenities.
There is a ruin on the land, and there is potential to build up to 300 m2 for residential purposes; 500 m2 for agricultural support such as stables, with the exception of rural tourism or residential tourism developments, where a maximum area of 2,000 m2 is allowed.
The plot has open views of the countryside, with a mixture of flat and gently sloping areas. The soil is fertile and has many regional trees, and a pine forest.
This is a fantastic opportunity to buy a large plot in a peaceful location. Viewing is highly recommended to fully appreciate the beauty of this plot.
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Currency Exchange
Lagos, Algarve, Portugal, 8600-325
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 €890,000 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 |
|---|---|---|---|
| €890,000 | £737,196 | £764,911 | £27,715 |
| Property Price € | €890,000 |
| Minimum cost in the last six months | £737,196 |
| Maximum cost in the last six months | £764,911 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £27,715 |
Lagos, Algarve, Portugal, 8600-325
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 €890,000 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 |
|---|---|---|---|
| €890,000 | £737,196 | £764,911 | £27,715 |
| Property Price € | €890,000 |
| Minimum cost in the last six months | £737,196 |
| Maximum cost in the last six months | £764,911 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £27,715 |
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 £27,715 more.
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