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Opportunity to Acquire 2,800 m² of Land with an Approved Project in a Prime Location in Estômbar, Municipality of Lagoa - EUR 250,000 This plot is located in a green and tranquil area just outside the town center of Estômbar (10 min walk) and offers a picturesque view of a historic church from the
Lagoa (Algarve), Faro, Portugal
REF: 737817
€250,000
Description
Opportunity to Acquire 2,800 m² of Land with an Approved Project in a Prime Location in Estômbar, Municipality of Lagoa - EUR 250,000 This plot is located in a green and tranquil area just outside the town center of Estômbar (10 min walk) and offers a picturesque view of a historic church from the 16th century. Estômbar, one of the oldest parishes in the Algarve, is known for its Moorish-inspired architecture due to the whiteness of its buildings, making it a distinctive settlement in the concelho. Estômbar’s privileged location, surrounded by the salt marsh, scrubland, springs, and proximity to the Arade River, has historical significance, hosting famous poets like Ibne Ammar, heroes like the legendary Remexido, and notable personalities from the nobility and clergy. In recent years, Estômbar has gained popularity due to its proximity to national and international schools, beautiful beaches, and spectacular golf courses. Plot Location: 10 mins walk to Estômbar town center with shops and cafes 15 min to Estômbar-Lagoa train station 12 min to Nobel International School / 4min to Escola Basica National School 13 mins to Ferragudo Beach 11 mins to Aqua Shopping Center 7 minutes to Gramacho Golf Course ✈️ 50 minutes to Faro Airport The plot is fenced, adorned with several trees, and already equipped with water, power, and a septic tank. An approved project for a detached villa of ~260 m2 is in place. The proposed house design is a modern home with a double garage, surrounded by green fields and a landscaped garden. It features 3 bedrooms, 2 bathrooms, and a multi-purpose open-space room consisting of a living room (~44.6 m2) and a kitchen/dining area (~14.2 m2). As currently designed, the house will be a single storey with a double garage. For more information email [email protected] or whatsapp + 351 932375343 Disclaimer: All the information contained in this advertisement are not contractual and for informational purposes only. #ref: 104011
Opportunity to Acquire 2,800 m² of Land with an Approved Project in a Prime Location in Estômbar, Municipality of Lagoa - EUR 250,000 This plot is located in a green and tranquil area just outside the town center of Estômbar (10 min walk) and offers a picturesque view of a historic church from the 16th century. Estômbar, one of the oldest parishes in the Algarve, is known for its Moorish-inspired architecture due to the whiteness of its buildings, making it a distinctive settlement in the concelho. Estômbar’s privileged location, surrounded by the salt marsh, scrubland, springs, and proximity to the Arade River, has historical significance, hosting famous poets like Ibne Ammar, heroes like the legendary Remexido, and notable personalities from the nobility and clergy. In recent years, Estômbar has gained popularity due to its proximity to national and international schools, beautiful beaches, and spectacular golf courses. Plot Location: 10 mins walk to Estômbar town center with shops and cafes 15 min to Estômbar-Lagoa train station 12 min to Nobel International School / 4min to Escola Basica National School 13 mins to Ferragudo Beach 11 mins to Aqua Shopping Center 7 minutes to Gramacho Golf Course ✈️ 50 minutes to Faro Airport The plot is fenced, adorned with several trees, and already equipped with water, power, and a septic tank. An approved project for a detached villa of ~260 m2 is in place. The proposed house design is a modern home with a double garage, surrounded by green fields and a landscaped garden. It features 3 bedrooms, 2 bathrooms, and a multi-purpose open-space room consisting of a living room (~44.6 m2) and a kitchen/dining area (~14.2 m2). As currently designed, the house will be a single storey with a double garage. For more information email [email protected] or whatsapp + 351 932375343 Disclaimer: All the information contained in this advertisement are not contractual and for informational purposes only. #ref: 104011
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Currency Exchange
Lagoa (Algarve), Faro, 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 | £207,078 | £214,863 | £7,785 |
| Property Price € | €250,000 |
| Minimum cost in the last six months | £207,078 |
| Maximum cost in the last six months | £214,863 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £7,785 |
Lagoa (Algarve), Faro, 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 | £207,078 | £214,863 | £7,785 |
| Property Price € | €250,000 |
| Minimum cost in the last six months | £207,078 |
| Maximum cost in the last six months | £214,863 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £7,785 |
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 £7,785 more.
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