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Plot for construction, near Armação de Pêra, for sale Algarve
Silves, Portugal
REF: 731034
€295,000
Description
This plot is located in a new urbanization of contemporary homes. There is distant seaviews and has an approved project for a villa with 2 floors. The ground floor is composed of an entrance with double height ceilings, open concept living and dining area, kitchen and guest w/c, parking, swimming pool and equipment room. On the top floor, the primary bedroom with a private full bathroom and balcony, and two additional bedrooms with private balconies and one shared bathroom. The contemporary design of this villa has been developed to capture light and comfort for all year round living. The property is located within easy access and conveniently near all amenities. It is situated between the town of Guia and Pera, and only 15 minutes to the beach. This is a great opportunity to build your home and select your own finishes. This recently finished urbanization provides all the infra-structures for water, sewage and electricity, making this investment an opportunity to start to build immediately as the license is already in place.
This plot is located in a new urbanization of contemporary homes. There is distant seaviews and has an approved project for a villa with 2 floors. The ground floor is composed of an entrance with double height ceilings, open concept living and dining area, kitchen and guest w/c, parking, swimming pool and equipment room. On the top floor, the primary bedroom with a private full bathroom and balcony, and two additional bedrooms with private balconies and one shared bathroom. The contemporary design of this villa has been developed to capture light and comfort for all year round living. The property is located within easy access and conveniently near all amenities. It is situated between the town of Guia and Pera, and only 15 minutes to the beach. This is a great opportunity to build your home and select your own finishes. This recently finished urbanization provides all the infra-structures for water, sewage and electricity, making this investment an opportunity to start to build immediately as the license is already in place.
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Currency Exchange
Silves, 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 €295,000 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 |
|---|---|---|---|
| €295,000 | £245,405 | £253,883 | £8,478 |
| Property Price € | €295,000 |
| Minimum cost in the last six months | £245,405 |
| Maximum cost in the last six months | £253,883 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £8,478 |
Silves, 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 €295,000 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 |
|---|---|---|---|
| €295,000 | £245,405 | £253,883 | £8,478 |
| Property Price € | €295,000 |
| Minimum cost in the last six months | £245,405 |
| Maximum cost in the last six months | £253,883 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £8,478 |
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 £8,478 more.
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