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Plot for construction, near Armação de Pêra, for sale Algarve
Silves, Portugal
REF: 731034
€250,000
Description
One of the last remaining plots on this new urbanization of contemporary homes. A great location to explore the beaches of Gale, Salgados or the bustling coastal resort of Armacao de Pera. Easy access to the N125 with the international school at Lagoa, a mere 20 minutes drive. 10 minutes to Salgados or Amendoeira Golf Resort. The opportunity to create a modern permanent or secure second home, that by design, could offer a seaview from the first floor. Previously, this plot had an approved project for a three bedroom villa of two floors, plus a swimming pool. Those plans are attached as a suggested build. However, many of the new construction on this urbanisation, favour the addition of a basement/ underground garage. The urbanization provides all the infra-structures for water, sewage and electricity, A super urban plot to build your ideal home.
One of the last remaining plots on this new urbanization of contemporary homes. A great location to explore the beaches of Gale, Salgados or the bustling coastal resort of Armacao de Pera. Easy access to the N125 with the international school at Lagoa, a mere 20 minutes drive. 10 minutes to Salgados or Amendoeira Golf Resort. The opportunity to create a modern permanent or secure second home, that by design, could offer a seaview from the first floor. Previously, this plot had an approved project for a three bedroom villa of two floors, plus a swimming pool. Those plans are attached as a suggested build. However, many of the new construction on this urbanisation, favour the addition of a basement/ underground garage. The urbanization provides all the infra-structures for water, sewage and electricity, A super urban plot to build your ideal home.
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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 €250,000 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 |
|---|---|---|---|
| €250,000 | £205,975 | £212,025 | £6,050 |
| Property Price € | €250,000 |
| Minimum cost in the last six months | £205,975 |
| Maximum cost in the last six months | £212,025 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £6,050 |
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 €250,000 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 |
|---|---|---|---|
| €250,000 | £205,975 | £212,025 | £6,050 |
| Property Price € | €250,000 |
| Minimum cost in the last six months | £205,975 |
| Maximum cost in the last six months | £212,025 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £6,050 |
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 £6,050 more.
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