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Land in Tavira with 21
Tavira, Faro, Portugal
REF: 544197
€8,600,000
Description
Land in Tavira with 21.8 hectares, in the connection between the A22 and the city center of Tavira, in a place with excellent development potential. The land is located in the vicinity of the city of Tavira, in the Western Algarve, 37 km from Faro (39 km from the airport), 300 km from Lisbon and 172 km from Seville. The Pêro Gil Detail Plan, where the land is integrated, allows to develop a project with a total construction potential of 76,021sqm for residential space, a hotel, commercial space. The area is divided into three execution units and a rustic area, facilitating the proper phase of the project: Execution Unit 1 divides the space into nine lots, with one for hotel unit, five for collective housing (two of them with trade) and three lots for equipment (one of them, for private clinic). Part of the adjacent land will be kept rustic (79,885sqm), with agricultural potential. Execution Unit 2 divides the urban space into eight distinct lots for collective housing (where, in three of these, trade areas are expected to exist on the ground floor). This unit has a Nascent - West orientation. Execution Unit 3 is structured in twenty-seven separate lots, of which three are intended for collective housing and the remaining twenty-four for detached dwellings. In the northern part of the EU3, next to the EU2, the retention basin provided for in the Pêro Gil Detail Plan is inserted. In addition to the three Execution Units, which make up the Urban Area, there is a Rustic Area that will be maintained, conducive to agricultural culture, a total of 79,885sqm. The predominant crops in this region are of a wine and fruit nature. The Total Land Area amounts to 218,837sqm, corresponding to an Urban Area of 138,952sqm and a Rustic Area of 79,885sqm. The surroundings are characterized by the existence of land, mixed buildings and scattered villas.
Land in Tavira with 21.8 hectares, in the connection between the A22 and the city center of Tavira, in a place with excellent development potential. The land is located in the vicinity of the city of Tavira, in the Western Algarve, 37 km from Faro (39 km from the airport), 300 km from Lisbon and 172 km from Seville. The Pêro Gil Detail Plan, where the land is integrated, allows to develop a project with a total construction potential of 76,021sqm for residential space, a hotel, commercial space. The area is divided into three execution units and a rustic area, facilitating the proper phase of the project: Execution Unit 1 divides the space into nine lots, with one for hotel unit, five for collective housing (two of them with trade) and three lots for equipment (one of them, for private clinic). Part of the adjacent land will be kept rustic (79,885sqm), with agricultural potential. Execution Unit 2 divides the urban space into eight distinct lots for collective housing (where, in three of these, trade areas are expected to exist on the ground floor). This unit has a Nascent - West orientation. Execution Unit 3 is structured in twenty-seven separate lots, of which three are intended for collective housing and the remaining twenty-four for detached dwellings. In the northern part of the EU3, next to the EU2, the retention basin provided for in the Pêro Gil Detail Plan is inserted. In addition to the three Execution Units, which make up the Urban Area, there is a Rustic Area that will be maintained, conducive to agricultural culture, a total of 79,885sqm. The predominant crops in this region are of a wine and fruit nature. The Total Land Area amounts to 218,837sqm, corresponding to an Urban Area of 138,952sqm and a Rustic Area of 79,885sqm. The surroundings are characterized by the existence of land, mixed buildings and scattered villas.
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Currency Exchange
Tavira, Faro, 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 €8,600,000 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 |
|---|---|---|---|
| €8,600,000 | £7,123,466 | £7,391,270 | £267,804 |
| Property Price € | €8,600,000 |
| Minimum cost in the last six months | £7,123,466 |
| Maximum cost in the last six months | £7,391,270 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £267,804 |
Tavira, Faro, 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 €8,600,000 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 |
|---|---|---|---|
| €8,600,000 | £7,123,466 | £7,391,270 | £267,804 |
| Property Price € | €8,600,000 |
| Minimum cost in the last six months | £7,123,466 |
| Maximum cost in the last six months | £7,391,270 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £267,804 |
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 £267,804 more.
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