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Plot of Land For Sale in Luz
Lagos, Faro, Portugal, 8600-100
REF: 752032
€170,000
Description
A large plot of land for sale in Espiche, central Algarve. This land is fantastically situated close to the lovely holiday resort of Luz and several golf course and has lots of potential for those looking to build a property in which to live or utilise as rental investment. As a large plot, there is potential to divide it into two and build two four bedroom semi-detached properties for swimming pools. A fantastically situated plot of land for sale in Espiche, Western Algarve. With lots of amenities nearby including the lovely holiday resort of Luz and the Boavista and Espiche golf courses, this land has huge potential to build a property or multiple properties in which to live, holiday or utilise as a rental investment.
Measuring 913.55m2, there is potential to divide the plot into two and have a variety of different options regarding what to build. One possibility is to create two four bedroom semi-detached houses with swimming pools, one to live in and one to rent.
Luz is a pretty village and like many coastal resorts was once a little fishing port. You can enjoy cliff-top walks along the sandstone cliffs and admire the locally renowned rocha negra or black rocks at one end of the resort - evidence of ancient volcanic activity.
The town of Lagos is 5km away with its award-winning Marina hosting street vendors selling souvenirs and a wide selection of bars and restaurants. Other attractions include the iconic beaches and sandy coves of Dona Ana and Camilo. The cliffs of Ponta da Piedade boast fantastic views across to the town's lighthouse. In the centre of the town, the 18th century church of Santo António sits across from the baroque facade castle and old watchtowers of the Castelo dos Governadores, one of the town's most ancient features.
A large plot of land for sale in Espiche, central Algarve. This land is fantastically situated close to the lovely holiday resort of Luz and several golf course and has lots of potential for those looking to build a property in which to live or utilise as rental investment. As a large plot, there is potential to divide it into two and build two four bedroom semi-detached properties for swimming pools. A fantastically situated plot of land for sale in Espiche, Western Algarve. With lots of amenities nearby including the lovely holiday resort of Luz and the Boavista and Espiche golf courses, this land has huge potential to build a property or multiple properties in which to live, holiday or utilise as a rental investment.
Measuring 913.55m2, there is potential to divide the plot into two and have a variety of different options regarding what to build. One possibility is to create two four bedroom semi-detached houses with swimming pools, one to live in and one to rent.
Luz is a pretty village and like many coastal resorts was once a little fishing port. You can enjoy cliff-top walks along the sandstone cliffs and admire the locally renowned rocha negra or black rocks at one end of the resort - evidence of ancient volcanic activity.
The town of Lagos is 5km away with its award-winning Marina hosting street vendors selling souvenirs and a wide selection of bars and restaurants. Other attractions include the iconic beaches and sandy coves of Dona Ana and Camilo. The cliffs of Ponta da Piedade boast fantastic views across to the town's lighthouse. In the centre of the town, the 18th century church of Santo António sits across from the baroque facade castle and old watchtowers of the Castelo dos Governadores, one of the town's most ancient features.
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Currency Exchange
Lagos, Faro, Portugal, 8600-100
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 €170,000 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 |
|---|---|---|---|
| €170,000 | £141,420 | £146,305 | £4,886 |
| Property Price € | €170,000 |
| Minimum cost in the last six months | £141,420 |
| Maximum cost in the last six months | £146,305 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £4,886 |
Lagos, Faro, Portugal, 8600-100
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 €170,000 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 |
|---|---|---|---|
| €170,000 | £141,420 | £146,305 | £4,886 |
| Property Price € | €170,000 |
| Minimum cost in the last six months | £141,420 |
| Maximum cost in the last six months | £146,305 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £4,886 |
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 £4,886 more.
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