Search
Real Estate Opportunity: Pre-approved Condominium for sale in Western Algarve
Lagos, Portugal
REF: 733427
€2,190,000
Description
This remarkable property offers a rare and exciting opportunity to secure pre-approval for a high-potential development project in one of the most desirable areas of the Western Algarve. Located just a short walk from both the beach and the charming center of Praia da Luz, this plot of land combines convenience, beauty, and investment potential. With pre-approval in place for a thoughtfully designed small condominium, the project envisions seven terraced villas and two detached villas, perfectly suited for creating a gated community in a peaceful setting. What makes this property truly exceptional is its stunning sea views, which add a unique appeal to the proposed development. This opportunity is ideal for developers looking to create an exclusive enclave that seamlessly blends modern luxury with the relaxed charm of coastal living. The proposed mix of terraced and detached villas brings versatility to the project, appealing to a variety of preferences and lifestyles. Whether future buyers seek the privacy of a standalone villa or the community feel of a terraced home, this development could meet diverse demands within a unified and harmonious design. The gated community concept adds an additional layer of exclusivity and security, making this project even more attractive to discerning buyers. For investors and developers dreaming of a real estate venture in Portugal s Algarve, this property stands out as a prime choice. The pre-approval simplifies the initial stages of the development process, allowing for faster execution of plans and minimizing delays. This ensures that your vision for a luxury coastal community can be brought to life with efficiency and precision. In summary, this property represents an unparalleled opportunity to invest in the Western Algarve's thriving real estate market. Its ideal location, breathtaking sea views, and pre-approved project for a small condominium make it an exceptional proposition for those looking to create something truly special.
This remarkable property offers a rare and exciting opportunity to secure pre-approval for a high-potential development project in one of the most desirable areas of the Western Algarve. Located just a short walk from both the beach and the charming center of Praia da Luz, this plot of land combines convenience, beauty, and investment potential. With pre-approval in place for a thoughtfully designed small condominium, the project envisions seven terraced villas and two detached villas, perfectly suited for creating a gated community in a peaceful setting. What makes this property truly exceptional is its stunning sea views, which add a unique appeal to the proposed development. This opportunity is ideal for developers looking to create an exclusive enclave that seamlessly blends modern luxury with the relaxed charm of coastal living. The proposed mix of terraced and detached villas brings versatility to the project, appealing to a variety of preferences and lifestyles. Whether future buyers seek the privacy of a standalone villa or the community feel of a terraced home, this development could meet diverse demands within a unified and harmonious design. The gated community concept adds an additional layer of exclusivity and security, making this project even more attractive to discerning buyers. For investors and developers dreaming of a real estate venture in Portugal s Algarve, this property stands out as a prime choice. The pre-approval simplifies the initial stages of the development process, allowing for faster execution of plans and minimizing delays. This ensures that your vision for a luxury coastal community can be brought to life with efficiency and precision. In summary, this property represents an unparalleled opportunity to invest in the Western Algarve's thriving real estate market. Its ideal location, breathtaking sea views, and pre-approved project for a small condominium make it an exceptional proposition for those looking to create something truly special.
Read More
Property on Map
Currency Exchange
Lagos, 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 €2,190,000 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 |
|---|---|---|---|
| €2,190,000 | £1,804,341 | £1,857,339 | £52,998 |
| Property Price € | €2,190,000 |
| Minimum cost in the last six months | £1,804,341 |
| Maximum cost in the last six months | £1,857,339 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £52,998 |
Lagos, 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 €2,190,000 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 |
|---|---|---|---|
| €2,190,000 | £1,804,341 | £1,857,339 | £52,998 |
| Property Price € | €2,190,000 |
| Minimum cost in the last six months | £1,804,341 |
| Maximum cost in the last six months | £1,857,339 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £52,998 |
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 £52,998 more.
Search popular regions
Useful links
Hi {{firstName}},
Enquire about this property
Make an Enquiry on this property
No Yes
No Yes
I agree to be connected with a trusted property agent who will receive
these details.
We handle your data with care and only ever as outlined in our
Privacy Policy
Thank you for your
enquiry!
Our partner agent will be in touch with you shortly.
Our partner agent will be in touch with you shortly.
Enquire about this property
No
Yes
No
Yes
I agree to be connected with the property agent for more detail on this
listing.
We handle your data with care and only ever as outlined in our
Privacy Policy
