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Urban plot for construction near the beach
Vila do Bispo, Faro, Portugal, 8650-041
REF: 731020
€232,750
Description
Investing in a location that can increase in value is always important to guarantee a financial return and security for your investment. That's exactly what we propose in this option. With a privileged location and under development, this plot is the right choice for you. This urban plot for construction is located in Quinta da Fortaleza, between the villages of Burgau and Salema, in the municipality of Vila do Bispo, in the Algarve, Portugal. It is situated a short distance from Cabanas Velhas beach and Boca do Rio.
It has all the basic infrastructures, such as water, electricity and road access. The site has an area of 568m2 and allows for the construction of a 160m2 detached villa.
Quinta da Fortaleza is a quiet, residential urbanisation, ideal for those looking for a peaceful place to build their dream home. The proximity of the beaches of Cabanas Velhas and Boca do Rio offers excellent opportunities for lovers of the sea and water sports.
Investing in a location that can increase in value is always important to guarantee a financial return and security for your investment. That's exactly what we propose in this option. With a privileged location and under development, this plot is the right choice for you. This urban plot for construction is located in Quinta da Fortaleza, between the villages of Burgau and Salema, in the municipality of Vila do Bispo, in the Algarve, Portugal. It is situated a short distance from Cabanas Velhas beach and Boca do Rio.
It has all the basic infrastructures, such as water, electricity and road access. The site has an area of 568m2 and allows for the construction of a 160m2 detached villa.
Quinta da Fortaleza is a quiet, residential urbanisation, ideal for those looking for a peaceful place to build their dream home. The proximity of the beaches of Cabanas Velhas and Boca do Rio offers excellent opportunities for lovers of the sea and water sports.
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Currency Exchange
Vila do Bispo, Faro, Portugal, 8650-041
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 €232,750 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 |
|---|---|---|---|
| €232,750 | £192,789 | £200,037 | £7,248 |
| Property Price € | €232,750 |
| Minimum cost in the last six months | £192,789 |
| Maximum cost in the last six months | £200,037 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £7,248 |
Vila do Bispo, Faro, Portugal, 8650-041
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 €232,750 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 |
|---|---|---|---|
| €232,750 | £192,789 | £200,037 | £7,248 |
| Property Price € | €232,750 |
| Minimum cost in the last six months | £192,789 |
| Maximum cost in the last six months | £200,037 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £7,248 |
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 £7,248 more.
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