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Construction land with wide views of the Arade River in Ferragudo
União das Freguesias de Estômbar e Parchal, Faro, Portugal
REF: 638155
€9,000,000
Description
Construction land with wide views of the Arade River in Ferragudo. The allotment is approved and the respective infrastructures are completed. It allows the construction of 50 single-family houses (21 townhouses, 28 semi-detached houses and 1 detached house), two floors plus basement; and a lot intended for tennis court and support building. This allotment has a total area of 43.050 sq m and a privileged location providing all dwellings overlooking the Arade River and the city of Portimão. It is located near the center of the village of Ferragudo, 2.5 km from Portimão and Marina, close to the beaches and shopping areas. It is 11 km from international school and 50 minutes from Faro International Airport. Castelhana is a Portuguese real estate agency present in the domestic market for over 20 years, specialized in prime residential real estate and recognized for the launch of some of the most distinguished developments in Portugal. Founded in 1999, Castelhana provides a full service in business brokerage. We are specialists in investment and in the commercialization of real estate. In Lisbon, in Chiado, one of the most emblematic and traditional areas of the capital. In Porto, we are based in Foz Do Douro, one of the noblest places in the city and in the Algarve region next to the renowned Vilamoura Marina. We are waiting for you. We have a team available to give you the best support in your next real estate investment. Contact us!
Construction land with wide views of the Arade River in Ferragudo. The allotment is approved and the respective infrastructures are completed. It allows the construction of 50 single-family houses (21 townhouses, 28 semi-detached houses and 1 detached house), two floors plus basement; and a lot intended for tennis court and support building. This allotment has a total area of 43.050 sq m and a privileged location providing all dwellings overlooking the Arade River and the city of Portimão. It is located near the center of the village of Ferragudo, 2.5 km from Portimão and Marina, close to the beaches and shopping areas. It is 11 km from international school and 50 minutes from Faro International Airport. Castelhana is a Portuguese real estate agency present in the domestic market for over 20 years, specialized in prime residential real estate and recognized for the launch of some of the most distinguished developments in Portugal. Founded in 1999, Castelhana provides a full service in business brokerage. We are specialists in investment and in the commercialization of real estate. In Lisbon, in Chiado, one of the most emblematic and traditional areas of the capital. In Porto, we are based in Foz Do Douro, one of the noblest places in the city and in the Algarve region next to the renowned Vilamoura Marina. We are waiting for you. We have a team available to give you the best support in your next real estate investment. Contact us!
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Currency Exchange
União das Freguesias de Estômbar e Parchal, 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 €9,000,000 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 |
|---|---|---|---|
| €9,000,000 | £7,454,790 | £7,735,050 | £280,260 |
| Property Price € | €9,000,000 |
| Minimum cost in the last six months | £7,454,790 |
| Maximum cost in the last six months | £7,735,050 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £280,260 |
União das Freguesias de Estômbar e Parchal, 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 €9,000,000 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 |
|---|---|---|---|
| €9,000,000 | £7,454,790 | £7,735,050 | £280,260 |
| Property Price € | €9,000,000 |
| Minimum cost in the last six months | £7,454,790 |
| Maximum cost in the last six months | £7,735,050 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £280,260 |
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 £280,260 more.
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