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The plot has 801 m2, with the feasibility to build a closed condominium with 14 two bedroom apartments on 1470 m2 plus communal swimming pool, underground parking and storage area
Lagos, Algarve, Portugal, 8600-282
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REF: 753901
€850,000
Description
The plot has 801 m2, with the feasibility to build a closed condominium with 14 two bedroom apartments on 1470 m2 plus communal swimming pool, underground parking and storage area.
Porto de Mós is a very popular residential and touristic urbanization of contemporary constructions with quality finishings.
This is an investment opportunity to acquire one of the last plots to build in this area.
Viewing is highly recommended!
B&P Real Estate Agents has a portfolio of properties for sale in Portugal that will suit you. Our company philosophy is to offer you property for sale in Portugal, at the right price with support and independent advice. Our unique service provides a one stop shop for the regions key locations. We are committed to find every potential client the home to suit them.
We are very selective with the properties in our sales portfolios, and our staff are well equipped experienced sales advisers. They will give you the facts you need to know to guide you every step of the way.
We will share with you our extensive knowledge of the local market conditions as B&P Real Estate Agents team boasts a combined experience of over 20 years selling and marketing Algarve property.
The plot has 801 m2, with the feasibility to build a closed condominium with 14 two bedroom apartments on 1470 m2 plus communal swimming pool, underground parking and storage area.
Porto de Mós is a very popular residential and touristic urbanization of contemporary constructions with quality finishings.
This is an investment opportunity to acquire one of the last plots to build in this area.
Viewing is highly recommended!
B&P Real Estate Agents has a portfolio of properties for sale in Portugal that will suit you. Our company philosophy is to offer you property for sale in Portugal, at the right price with support and independent advice. Our unique service provides a one stop shop for the regions key locations. We are committed to find every potential client the home to suit them.
We are very selective with the properties in our sales portfolios, and our staff are well equipped experienced sales advisers. They will give you the facts you need to know to guide you every step of the way.
We will share with you our extensive knowledge of the local market conditions as B&P Real Estate Agents team boasts a combined experience of over 20 years selling and marketing Algarve property.
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Property on Map
Currency Exchange
Lagos, Algarve, Portugal, 8600-282
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 €850,000 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 |
|---|---|---|---|
| €850,000 | £704,064 | £730,533 | £26,469 |
| Property Price € | €850,000 |
| Minimum cost in the last six months | £704,064 |
| Maximum cost in the last six months | £730,533 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £26,469 |
Lagos, Algarve, Portugal, 8600-282
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 €850,000 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 |
|---|---|---|---|
| €850,000 | £704,064 | £730,533 | £26,469 |
| Property Price € | €850,000 |
| Minimum cost in the last six months | £704,064 |
| Maximum cost in the last six months | £730,533 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £26,469 |
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 £26,469 more.
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