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Alcantarilha: Agricultural land with construction feasibility and panoramic views of the countryside
Silves, Faro, Portugal, 8365-311
REF: 744441
€175,000
Description
PRICE REDUCTION ! BEFORE:190,000, NOW: 175,000. Agricultural land located in Casas, between Alcantarilha-Gare and Poço-Barreto, with 5,800m2, partially classified as a Rural Agglomerate in the PDM of Silves (1,480 m2). It has a Simple Information Request (09/2023), with the feasibility of building a detached house with a maximum construction area of 300 m2 (1 or 2 floors above ground), 1 basement floor (intended for a garage and technical installations), with swimming pool in the backyard and fence walls. The land is completely south-facing, regular in shape (approximately square), with a moderate slope, being higher to the north and lower to the south, benefiting from a magnificent 180 panoramic view of the field, towards the Morgado da Lameira valley and Amendoeira Golf. Resort. The building to be built will be in the highest part of the land, to the north, benefiting from the panoramic view and sun exposure. Infrastructures: Access by tarred road (adjoining to the north), electricity, mains water, telephone, fast internet (fiber optic). The land is quite versatile in terms of construction, making it possible to build as an alternative to housing: Commerce and Services: Maximum Implementation Area: 296 m2; Maximum Gross Construction Area: 500 m2, on 2 floors above ground; Tourism in Rural Spaces: Maximum Implementation Area: 740 m2; Maximum Gross Construction Area: 1,480 m2 on 2 floors above ground. Industry and Warehouse: Maximum Implementation and Construction Area: 500 m2, on a single floor, with a maximum height of 10 meters. Equipment: Maximum Implementation Area: 444 m2; Maximum Gross Construction Area: 888 m2 on 2 floors above ground. Main distances: 4 km from Amendoeira Golf Resort; 6 km from Alcantarilha (N125 and A22); 7 km from Silves Golf; 8 km from Silves; 11 km from the beaches (Armação de Pêra).
PRICE REDUCTION ! BEFORE:190,000, NOW: 175,000. Agricultural land located in Casas, between Alcantarilha-Gare and Poço-Barreto, with 5,800m2, partially classified as a Rural Agglomerate in the PDM of Silves (1,480 m2). It has a Simple Information Request (09/2023), with the feasibility of building a detached house with a maximum construction area of 300 m2 (1 or 2 floors above ground), 1 basement floor (intended for a garage and technical installations), with swimming pool in the backyard and fence walls. The land is completely south-facing, regular in shape (approximately square), with a moderate slope, being higher to the north and lower to the south, benefiting from a magnificent 180 panoramic view of the field, towards the Morgado da Lameira valley and Amendoeira Golf. Resort. The building to be built will be in the highest part of the land, to the north, benefiting from the panoramic view and sun exposure. Infrastructures: Access by tarred road (adjoining to the north), electricity, mains water, telephone, fast internet (fiber optic). The land is quite versatile in terms of construction, making it possible to build as an alternative to housing: Commerce and Services: Maximum Implementation Area: 296 m2; Maximum Gross Construction Area: 500 m2, on 2 floors above ground; Tourism in Rural Spaces: Maximum Implementation Area: 740 m2; Maximum Gross Construction Area: 1,480 m2 on 2 floors above ground. Industry and Warehouse: Maximum Implementation and Construction Area: 500 m2, on a single floor, with a maximum height of 10 meters. Equipment: Maximum Implementation Area: 444 m2; Maximum Gross Construction Area: 888 m2 on 2 floors above ground. Main distances: 4 km from Amendoeira Golf Resort; 6 km from Alcantarilha (N125 and A22); 7 km from Silves Golf; 8 km from Silves; 11 km from the beaches (Armação de Pêra).
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Currency Exchange
Silves, Faro, Portugal, 8365-311
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 €175,000 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 |
|---|---|---|---|
| €175,000 | £144,954 | £150,404 | £5,450 |
| Property Price € | €175,000 |
| Minimum cost in the last six months | £144,954 |
| Maximum cost in the last six months | £150,404 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £5,450 |
Silves, Faro, Portugal, 8365-311
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 €175,000 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 |
|---|---|---|---|
| €175,000 | £144,954 | £150,404 | £5,450 |
| Property Price € | €175,000 |
| Minimum cost in the last six months | £144,954 |
| Maximum cost in the last six months | £150,404 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £5,450 |
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 £5,450 more.
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