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Urban plot with 1,150m2 and approved project located in Montinhos de Burgau
Lagos, Faro, Portugal, 8600-100
REF: 774772
€385,000
Description
Urban plot with a total area of 1,150m2 and approved project located in the Falésia Dourada Urbanization in Montinhos de Burgau, Luz. The architectural project envisages the construction of a T4 single-family house with three floors. Floors 1 and -1 have a total construction area of 266m2 and are featuring: - Entrance hall - Common room with open kitchen - 4 en-suite bedrooms - Desk - Service WC - Garage Outside there are several terraces, an outdoor swimming pool and garden. Floor -2 has a total construction area of 104m2 and consists of technical areas and a bathroom. The Project is prepared for the installation of a residential elevator and the construction license can be lifted at any time. Located in a privileged area with little traffic and close to the coast and beach. Distances: - 700m to Burgau Beach - 5 km to Luz and its services and shops - 11 km to Lagos and its services, schools and shops - 96km to Faro Airport For more information or to schedule a visit, please contact us.
Urban plot with a total area of 1,150m2 and approved project located in the Falésia Dourada Urbanization in Montinhos de Burgau, Luz. The architectural project envisages the construction of a T4 single-family house with three floors. Floors 1 and -1 have a total construction area of 266m2 and are featuring: - Entrance hall - Common room with open kitchen - 4 en-suite bedrooms - Desk - Service WC - Garage Outside there are several terraces, an outdoor swimming pool and garden. Floor -2 has a total construction area of 104m2 and consists of technical areas and a bathroom. The Project is prepared for the installation of a residential elevator and the construction license can be lifted at any time. Located in a privileged area with little traffic and close to the coast and beach. Distances: - 700m to Burgau Beach - 5 km to Luz and its services and shops - 11 km to Lagos and its services, schools and shops - 96km to Faro Airport For more information or to schedule a visit, please contact us.
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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 €385,000 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 |
|---|---|---|---|
| €385,000 | £318,899 | £330,888 | £11,989 |
| Property Price € | €385,000 |
| Minimum cost in the last six months | £318,899 |
| Maximum cost in the last six months | £330,888 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £11,989 |
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 €385,000 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 |
|---|---|---|---|
| €385,000 | £318,899 | £330,888 | £11,989 |
| Property Price € | €385,000 |
| Minimum cost in the last six months | £318,899 |
| Maximum cost in the last six months | £330,888 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £11,989 |
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 £11,989 more.
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