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Large Plot of Land For Sale in Almádena
Lagos, Faro, Portugal, 8600-102
REF: 752031
€650,000
Description
A brilliantly located plot of land for sale in West Algarve, equipped with a pre-approved project for ten individual villas all with their own private swimming pool, this would make a fantastic investment for someone looking to build a profitable development to sell, use as a holiday rental investment or sell during construction for a lower price. Lagos is an extremely popular location among people looking for property for sale in West Algarve, whether they are renting, using as a holiday home.. A large plot of land for sale in Lagos, situated within Almádena this is a great investment for savvy developers looking to take on a new project in Western Algarve. It is also a perfect way to break into the real estate industry in Portugal if it is something you have been thinking about for a while.
Almádena is situated between Lagos and Vila do Bispo making this development just a short five minute drive away for the stunning and award winning Praia da Luz.
The location will attract families, couples and individuals from all around the world who are interested in relocating to the Algarve, purchasing a holiday home or simply rent for a vacation in the sun.
Lagos is an extremely popular destination for people wanting to live in the Algarve and even with those who come to experience the culture and better quality of life while on holiday, making this location a good investment if wanting to get into holiday rentals.
Best known for its iconic beaches and sandy coves of Dona Ana and Camilo, Lagos can be found on the western side of the Algarve. The cliffs of Ponta da Piedade boasts fantastic views across the town's lighthouse. In the centre the church of Santo António standing since the 18th century, sitting across the baroque facade castle and old watchtowers, the Castelo dos Governadores, one of the town's most ancient features.
A brilliantly located plot of land for sale in West Algarve, equipped with a pre-approved project for ten individual villas all with their own private swimming pool, this would make a fantastic investment for someone looking to build a profitable development to sell, use as a holiday rental investment or sell during construction for a lower price. Lagos is an extremely popular location among people looking for property for sale in West Algarve, whether they are renting, using as a holiday home.. A large plot of land for sale in Lagos, situated within Almádena this is a great investment for savvy developers looking to take on a new project in Western Algarve. It is also a perfect way to break into the real estate industry in Portugal if it is something you have been thinking about for a while.
Almádena is situated between Lagos and Vila do Bispo making this development just a short five minute drive away for the stunning and award winning Praia da Luz.
The location will attract families, couples and individuals from all around the world who are interested in relocating to the Algarve, purchasing a holiday home or simply rent for a vacation in the sun.
Lagos is an extremely popular destination for people wanting to live in the Algarve and even with those who come to experience the culture and better quality of life while on holiday, making this location a good investment if wanting to get into holiday rentals.
Best known for its iconic beaches and sandy coves of Dona Ana and Camilo, Lagos can be found on the western side of the Algarve. The cliffs of Ponta da Piedade boasts fantastic views across the town's lighthouse. In the centre the church of Santo António standing since the 18th century, sitting across the baroque facade castle and old watchtowers, the Castelo dos Governadores, one of the town's most ancient features.
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Property on Map
Currency Exchange
Lagos, Faro, Portugal, 8600-102
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 €650,000 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 |
|---|---|---|---|
| €650,000 | £538,402 | £558,643 | £20,241 |
| Property Price € | €650,000 |
| Minimum cost in the last six months | £538,402 |
| Maximum cost in the last six months | £558,643 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £20,241 |
Lagos, Faro, Portugal, 8600-102
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 €650,000 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 |
|---|---|---|---|
| €650,000 | £538,402 | £558,643 | £20,241 |
| Property Price € | €650,000 |
| Minimum cost in the last six months | £538,402 |
| Maximum cost in the last six months | £558,643 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £20,241 |
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 £20,241 more.
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