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Large Plot of Land with Sea Views in Praia Da Luz
Lagos, Faro, Portugal, 8600-109
REF: 752056
€2,200,000
Description
This large plot of land with amazing sea views is for sale in Praia da Luz, an area of Lagos very popular and sought after especially by those who want to invest in holiday properties or even for those looking to live near the beach. With a total area of 20,680m2 and 1,710m2 of construction area permitted, this plot of land allows build of at least three large, luxury villas or even semi-detached condominium houses, making this the ideal purchase for a lucrative investment. This large plot of land with amazing sea views is for sale in Praia da Luz, an area of Lagos very popular and sought after especially by those who want to invest in holiday properties or even for those looking to live near the beach. With a total area of 20,680m2 and 1,710m2 of construction area permitted, this plot of land allows build of nine large, luxury villas or even semi-detached condominium houses, making this the ideal purchase for a lucrative investment.
If you're interested in building a home in the Algarve, our team will be happy to recommend highly professional architects and builders who can help bring your dream to life.
The city centre of Luz is only 2km away, where you ll find the stunning beach of Luz plus a wide variety of restaurants, bars, shops, etc. Lagos, only a 15 minute drive away, is well known for its iconic beaches and coves of Dona Ana and Praia do Camilo. The cliff tops of Ponta da Piedade provide a stunning view to the sea and surrounding natural beauty.
This large plot of land with amazing sea views is for sale in Praia da Luz, an area of Lagos very popular and sought after especially by those who want to invest in holiday properties or even for those looking to live near the beach. With a total area of 20,680m2 and 1,710m2 of construction area permitted, this plot of land allows build of at least three large, luxury villas or even semi-detached condominium houses, making this the ideal purchase for a lucrative investment. This large plot of land with amazing sea views is for sale in Praia da Luz, an area of Lagos very popular and sought after especially by those who want to invest in holiday properties or even for those looking to live near the beach. With a total area of 20,680m2 and 1,710m2 of construction area permitted, this plot of land allows build of nine large, luxury villas or even semi-detached condominium houses, making this the ideal purchase for a lucrative investment.
If you're interested in building a home in the Algarve, our team will be happy to recommend highly professional architects and builders who can help bring your dream to life.
The city centre of Luz is only 2km away, where you ll find the stunning beach of Luz plus a wide variety of restaurants, bars, shops, etc. Lagos, only a 15 minute drive away, is well known for its iconic beaches and coves of Dona Ana and Praia do Camilo. The cliff tops of Ponta da Piedade provide a stunning view to the sea and surrounding natural beauty.
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Currency Exchange
Lagos, Faro, Portugal, 8600-109
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 €2,200,000 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 |
|---|---|---|---|
| €2,200,000 | £1,822,282 | £1,890,790 | £68,508 |
| Property Price € | €2,200,000 |
| Minimum cost in the last six months | £1,822,282 |
| Maximum cost in the last six months | £1,890,790 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £68,508 |
Lagos, Faro, Portugal, 8600-109
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 €2,200,000 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 |
|---|---|---|---|
| €2,200,000 | £1,822,282 | £1,890,790 | £68,508 |
| Property Price € | €2,200,000 |
| Minimum cost in the last six months | £1,822,282 |
| Maximum cost in the last six months | £1,890,790 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £68,508 |
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 £68,508 more.
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