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Industrial Construction plot
Loulé, Faro, Portugal, 8100
REF: 753616
€220,000
Description
A great opportunity! This property has a large and versatile area and the possibility of building an industrial facility and/or farming. According to the Municipal Plan (PDM), it is divided into different zones, one of these parts has 1600m2 within an industrial area, the remaining area it's ideal for agriculture and taking advantage of the fertile soil.
The land has good access via tarmac, water and drains are available and ready to be connected. The land is partially flat, has mature trees like almond, carob and fig.
Location is very handy because it's close to Boliqueime village as well as the commercial area and has easy access to the N125 road and the A22 motorway.
A great opportunity! This property has a large and versatile area and the possibility of building an industrial facility and/or farming. According to the Municipal Plan (PDM), it is divided into different zones, one of these parts has 1600m2 within an industrial area, the remaining area it's ideal for agriculture and taking advantage of the fertile soil.
The land has good access via tarmac, water and drains are available and ready to be connected. The land is partially flat, has mature trees like almond, carob and fig.
Location is very handy because it's close to Boliqueime village as well as the commercial area and has easy access to the N125 road and the A22 motorway.
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Currency Exchange
Loulé, Faro, Portugal, 8100
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 €220,000 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 |
|---|---|---|---|
| €220,000 | £183,014 | £189,336 | £6,323 |
| Property Price € | €220,000 |
| Minimum cost in the last six months | £183,014 |
| Maximum cost in the last six months | £189,336 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £6,323 |
Loulé, Faro, Portugal, 8100
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 €220,000 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 |
|---|---|---|---|
| €220,000 | £183,014 | £189,336 | £6,323 |
| Property Price € | €220,000 |
| Minimum cost in the last six months | £183,014 |
| Maximum cost in the last six months | £189,336 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £6,323 |
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 £6,323 more.
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