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PORTUGAL - ALGARVE - LAGOS PRICE DROP ! Are you in search of a real estate gem, nestled in an enchanting and privileged environment? Explore this spectacular quinta located near Lagos, unveiling 30 hectares of pristine nature with a glistening blue lake
Lagos, Faro, Portugal
REF: 742055
€395,000
Description
PORTUGAL - ALGARVE - LAGOS PRICE DROP ! Are you in search of a real estate gem, nestled in an enchanting and privileged environment? Explore this spectacular quinta located near Lagos, unveiling 30 hectares of pristine nature with a glistening blue lake. This property offers complete privacy, only 10 minutes from the quaint and lively village of Barão de São João, and just 20 minutes from the breathtaking beaches of Lagos. An ancient distillery, currently used as a stable, gives you the opportunity to create an exceptional residential or tourism project, or simply to create an immersive retreat in a unique setting near the ocean. Situated outside of the usual restrictions and in accordance with the PDM, it is possible to build up to 300 m² for residential purpose and up to 2000 m² for a tourism project. A nearby lake serves as an ideal relaxation oasis for swimming, waterside meditation, or irrigation of the land. A small house, though unregistered, has been partially renovated and offers a perfectly functional and livable space. Multiple platforms have been designed, ideal for hosting glamping tents, motorhomes, or other lodging structures. The land, extensively wooded, boasts numerous medronho trees and cork oaks, offering a significant additional income. Don't wait, seize the opportunity to acquire a piece of paradise in the Algarve now! Contact us for detailed information and to schedule your visit. IAD's reliability in Portugal, as a subsidiary of an international group operating in France, Spain, Italy, Germany, Mexico, and in the United States, ensures you a high-quality service and a comprehensive range of services to realize your project. #ref: 106053
PORTUGAL - ALGARVE - LAGOS PRICE DROP ! Are you in search of a real estate gem, nestled in an enchanting and privileged environment? Explore this spectacular quinta located near Lagos, unveiling 30 hectares of pristine nature with a glistening blue lake. This property offers complete privacy, only 10 minutes from the quaint and lively village of Barão de São João, and just 20 minutes from the breathtaking beaches of Lagos. An ancient distillery, currently used as a stable, gives you the opportunity to create an exceptional residential or tourism project, or simply to create an immersive retreat in a unique setting near the ocean. Situated outside of the usual restrictions and in accordance with the PDM, it is possible to build up to 300 m² for residential purpose and up to 2000 m² for a tourism project. A nearby lake serves as an ideal relaxation oasis for swimming, waterside meditation, or irrigation of the land. A small house, though unregistered, has been partially renovated and offers a perfectly functional and livable space. Multiple platforms have been designed, ideal for hosting glamping tents, motorhomes, or other lodging structures. The land, extensively wooded, boasts numerous medronho trees and cork oaks, offering a significant additional income. Don't wait, seize the opportunity to acquire a piece of paradise in the Algarve now! Contact us for detailed information and to schedule your visit. IAD's reliability in Portugal, as a subsidiary of an international group operating in France, Spain, Italy, Germany, Mexico, and in the United States, ensures you a high-quality service and a comprehensive range of services to realize your project. #ref: 106053
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Currency Exchange
Lagos, 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 €395,000 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 |
|---|---|---|---|
| €395,000 | £325,441 | £339,483 | £14,042 |
| Property Price € | €395,000 |
| Minimum cost in the last six months | £325,441 |
| Maximum cost in the last six months | £339,483 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £14,042 |
Lagos, 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 €395,000 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 |
|---|---|---|---|
| €395,000 | £325,441 | £339,483 | £14,042 |
| Property Price € | €395,000 |
| Minimum cost in the last six months | £325,441 |
| Maximum cost in the last six months | £339,483 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £14,042 |
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 £14,042 more.
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