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Large Plot of Land For Sale in Lagos
Lagos, Faro, Portugal, 8300-037
REF: 752028
€499,000
Description
Large plot of land for sale in Western Algarve, Lagos. Great investment opportunity to construct villas, apartment blocks or townhouses across six lots. With all local amenities such as supermarkets, restaurants, bars and the stunning blue flag beaches that Lagos has to offer, it s not surprise property for sale in Lagos is never on the market for long. A large plot of land for sale situated in Lagos, providing an excellent investment opportunity for individuals looking to bring their latest vision to life, whether it s through an apartment building, townhouses or individual villas.
Comprised of six different lots ranging between 458m2 and 776m2, there is ample space for individual villas, for example, to have a construction area of 250m2 across two floors with a total gross area of 680m2.
When construction is complete, no matter the outcome, this location provides excellent potential to generate income through holiday rentals if desired. With all local amenities such as supermarkets, restaurants, bars and the stunning blue flag beaches that Lagos has to offer, it s not surprise property for sale in Lagos is never on the market for long.
Lagos is a western town in the Algarve, best known for it s iconic beaches and sandy coves of Dona Ana and Camilo. The cliffs of Ponta da Piedade boasts fantastic views across the town's lighthouse. In the centre the church of Santo António has been standing since the 18th century, sitting across the baroque facade castle and old watchtowers is the Castelo dos Governadores, one of the town's most ancient features.
Large plot of land for sale in Western Algarve, Lagos. Great investment opportunity to construct villas, apartment blocks or townhouses across six lots. With all local amenities such as supermarkets, restaurants, bars and the stunning blue flag beaches that Lagos has to offer, it s not surprise property for sale in Lagos is never on the market for long. A large plot of land for sale situated in Lagos, providing an excellent investment opportunity for individuals looking to bring their latest vision to life, whether it s through an apartment building, townhouses or individual villas.
Comprised of six different lots ranging between 458m2 and 776m2, there is ample space for individual villas, for example, to have a construction area of 250m2 across two floors with a total gross area of 680m2.
When construction is complete, no matter the outcome, this location provides excellent potential to generate income through holiday rentals if desired. With all local amenities such as supermarkets, restaurants, bars and the stunning blue flag beaches that Lagos has to offer, it s not surprise property for sale in Lagos is never on the market for long.
Lagos is a western town in the Algarve, best known for it s iconic beaches and sandy coves of Dona Ana and Camilo. The cliffs of Ponta da Piedade boasts fantastic views across the town's lighthouse. In the centre the church of Santo António has been standing since the 18th century, sitting across the baroque facade castle and old watchtowers is the Castelo dos Governadores, one of the town's most ancient features.
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Currency Exchange
Lagos, Faro, Portugal, 8300-037
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 €499,000 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 |
|---|---|---|---|
| €499,000 | £413,327 | £428,866 | £15,539 |
| Property Price € | €499,000 |
| Minimum cost in the last six months | £413,327 |
| Maximum cost in the last six months | £428,866 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £15,539 |
Lagos, Faro, Portugal, 8300-037
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 €499,000 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 |
|---|---|---|---|
| €499,000 | £413,327 | £428,866 | £15,539 |
| Property Price € | €499,000 |
| Minimum cost in the last six months | £413,327 |
| Maximum cost in the last six months | £428,866 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £15,539 |
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 £15,539 more.
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