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Real Estate Opportunity: Pre-approved Condominium for sale in Western Algarve
Lagos, Portugal
REF: 733427
€2,190,000
Description
This fantastic property for sale presents a unique opportunity to acquire pre-approval for a development project in one of the most coveted locations in the Western Algarve. Situated within walking distance of both the beach and the center of Luz, this parcel of land boasts immense potential. It offers pre-approval for the construction of a small condominium featuring seven terraced and two detached villas. What makes this opportunity truly special is the chance to create a gated community in a tranquil environment, offering breathtaking sea views. This is a prime investment for those seeking a blend of coastal living and luxury in an idyllic setting. If you've been dreaming of a real estate venture in Portugal's Algarve region, this property is worth considering. With the pre-approval already in place, you can streamline the development process and start building your dream community. The proximity to the beach and the town center of Luz means residents will have easy access to the region's stunning coastline and amenities. The combination of terraced and detached villas offers versatility, catering to different preferences within a single development. Moreover, the sea views add an extra layer of allure to this remarkable opportunity. In summary, this property represents a rare chance to invest in a prime piece of real estate in the Western Algarve. The pre-approval for a small condominium, coupled with its ideal location and sea views, makes it an enticing prospect for developers and investors alike. Don't miss out on the potential to create a gated community in this serene and sought-after environment.
This fantastic property for sale presents a unique opportunity to acquire pre-approval for a development project in one of the most coveted locations in the Western Algarve. Situated within walking distance of both the beach and the center of Luz, this parcel of land boasts immense potential. It offers pre-approval for the construction of a small condominium featuring seven terraced and two detached villas. What makes this opportunity truly special is the chance to create a gated community in a tranquil environment, offering breathtaking sea views. This is a prime investment for those seeking a blend of coastal living and luxury in an idyllic setting. If you've been dreaming of a real estate venture in Portugal's Algarve region, this property is worth considering. With the pre-approval already in place, you can streamline the development process and start building your dream community. The proximity to the beach and the town center of Luz means residents will have easy access to the region's stunning coastline and amenities. The combination of terraced and detached villas offers versatility, catering to different preferences within a single development. Moreover, the sea views add an extra layer of allure to this remarkable opportunity. In summary, this property represents a rare chance to invest in a prime piece of real estate in the Western Algarve. The pre-approval for a small condominium, coupled with its ideal location and sea views, makes it an enticing prospect for developers and investors alike. Don't miss out on the potential to create a gated community in this serene and sought-after environment.
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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 | £1,813,999 | £1,882,196 | £68,197 |
| Property Price € | €2,190,000 |
| Minimum cost in the last six months | £1,813,999 |
| Maximum cost in the last six months | £1,882,196 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £68,197 |
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 | £1,813,999 | £1,882,196 | £68,197 |
| Property Price € | €2,190,000 |
| Minimum cost in the last six months | £1,813,999 |
| Maximum cost in the last six months | £1,882,196 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £68,197 |
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 £68,197 more.
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