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Plot of Land For Sale with Approved Project in Loulé
Loulé, Faro, Portugal, 8100-221
REF: 751606
€250,000
Description
This large plot of land for sale is located in a tranquil area of Loulé, less than 10 minutes away from the city centre. With a total area of 5,094m2, there s already an approved project for expansion of the existing building, plus the construction of a swimming pool, cistern and fence wall; All of which add up to 299m2. Additionally, this land already has electricity, sewer and license for borehole. Benefiting from the uninterrupted countryside surrounding views, this is the perfect location.. This large plot of land for sale is located in a tranquil area of Loulé, less than 10 minutes away from the city centre. With a total area of 5,094m2, there s already an approved project for expansion of the existing building, plus the construction of a swimming pool, cistern and fence wall; All of which add up to 299m2. Additionally, this land already has electricity, sewer and license for borehole.
Benefiting from the uninterrupted countryside surrounding views, this is the perfect location to build an ideal home for nature lovers or even to turn it into a rental property for those looking for a getaway distant from the busy city life.
With easy access to A22 and N125 main roads and only a short five minutes drive from Mar Shopping Algarve, Designer Outlet and Leroy Merlin. There s also nearby restaurants with local traditional cuisine, and it s only a seven minutes drive to Loulé s city centre and its wide range of amenities such as supermarkets, hospitals, pharmacies, cafes, bars, local markets, etc. Almancil is only a 10 minutes drive from the property and Faro s airport is just 20 minutes away.
This large plot of land for sale is located in a tranquil area of Loulé, less than 10 minutes away from the city centre. With a total area of 5,094m2, there s already an approved project for expansion of the existing building, plus the construction of a swimming pool, cistern and fence wall; All of which add up to 299m2. Additionally, this land already has electricity, sewer and license for borehole. Benefiting from the uninterrupted countryside surrounding views, this is the perfect location.. This large plot of land for sale is located in a tranquil area of Loulé, less than 10 minutes away from the city centre. With a total area of 5,094m2, there s already an approved project for expansion of the existing building, plus the construction of a swimming pool, cistern and fence wall; All of which add up to 299m2. Additionally, this land already has electricity, sewer and license for borehole.
Benefiting from the uninterrupted countryside surrounding views, this is the perfect location to build an ideal home for nature lovers or even to turn it into a rental property for those looking for a getaway distant from the busy city life.
With easy access to A22 and N125 main roads and only a short five minutes drive from Mar Shopping Algarve, Designer Outlet and Leroy Merlin. There s also nearby restaurants with local traditional cuisine, and it s only a seven minutes drive to Loulé s city centre and its wide range of amenities such as supermarkets, hospitals, pharmacies, cafes, bars, local markets, etc. Almancil is only a 10 minutes drive from the property and Faro s airport is just 20 minutes away.
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Currency Exchange
Loulé, Faro, Portugal, 8100-221
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 |
Loulé, Faro, Portugal, 8100-221
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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