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Urbanized land, with an approved project for the construction of a single storey house, type T4, with swimming pool
Loulé, Faro, Portugal
REF: 672288
€360,000
Description
Urbanized land, with an approved project for the construction of a single storey house, type T4, with swimming pool. Construction already started, which can be resumed. Place with great sun exposure and excellent location, in an area with shops and services. 5 minutes from Quarteira and Almargem beaches and 10 from Lagoa and Vilamoura beaches. The area, former settlement of men of the sea, is currently an important tourist centre, with the fishing center still existing, with its boats and shops at the western end of the beach. Along the Boardwalk, and nearby, there are various tourist facilities, appealing leisure spaces, sunny terraces and lots of entertainment during the bathing season. The extensive Portuguese pavement invites for walks and moments of relaxation. Praia de Quarteira is classified as urban and intense, being bathed by a calm sea, it is very popular and a place for pleasant sea walks and moments of leisure. The local economy is very focused on beach tourism, being a place chosen to live by many foreign visitors, due to the tranquility of the city and the low cost of living, and one of the favorite places for Portuguese families to spend their holidays. #ref: 92297
Urbanized land, with an approved project for the construction of a single storey house, type T4, with swimming pool. Construction already started, which can be resumed. Place with great sun exposure and excellent location, in an area with shops and services. 5 minutes from Quarteira and Almargem beaches and 10 from Lagoa and Vilamoura beaches. The area, former settlement of men of the sea, is currently an important tourist centre, with the fishing center still existing, with its boats and shops at the western end of the beach. Along the Boardwalk, and nearby, there are various tourist facilities, appealing leisure spaces, sunny terraces and lots of entertainment during the bathing season. The extensive Portuguese pavement invites for walks and moments of relaxation. Praia de Quarteira is classified as urban and intense, being bathed by a calm sea, it is very popular and a place for pleasant sea walks and moments of leisure. The local economy is very focused on beach tourism, being a place chosen to live by many foreign visitors, due to the tranquility of the city and the low cost of living, and one of the favorite places for Portuguese families to spend their holidays. #ref: 92297
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Currency Exchange
Loulé, 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 €360,000 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 |
|---|---|---|---|
| €360,000 | £299,477 | £309,823 | £10,346 |
| Property Price € | €360,000 |
| Minimum cost in the last six months | £299,477 |
| Maximum cost in the last six months | £309,823 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £10,346 |
Loulé, 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 €360,000 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 |
|---|---|---|---|
| €360,000 | £299,477 | £309,823 | £10,346 |
| Property Price € | €360,000 |
| Minimum cost in the last six months | £299,477 |
| Maximum cost in the last six months | £309,823 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £10,346 |
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 £10,346 more.
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