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Discover the potential of this urban plot with a total area of 1492m2 in the heart of Almancil in the Algarve
Loulé, Faro, Portugal
REF: 787160
€700,000
Description
Discover the potential of this urban plot with a total area of 1492m2 in the heart of Almancil in the Algarve. The town hall has already approved a project to build nine apartments and three stores. Located in a consolidated construction area, this plot offers countless possibilities for your dream real estate project. With a project to build 3 stores on the ground floor and 9 apartments on the upper floors (6 two-bedroom apartments and 3 three-bedroom apartments). The project can be altered and updated. Almancil is a town in the municipality of Loulé, in the Algarve region of southern Portugal. It is located in the district of Faro and is known for its proximity to the popular tourist destinations of Quinta do Lago and Vale do Lobo, luxury areas with golf courses, hotels and sophisticated amenities. In addition to its proximity to the airport (just 14km away), it is also close to the cities of Quarteira / Vilamoura, Loulé and Faro. The Algarve, in general, is a tourist destination known for its beautiful beaches, golf courses and pleasant Mediterranean climate. Almancil, being in a central area, benefits from its proximity to these attractions and serves as an entry point for visitors exploring the region. The town continues to grow at a good pace and investing in Almancil becomes a safe and profitable investment. For more information about the project or to arrange a visit, please contact us. iad, doing real estate right for 15 years. #ref: 111460
Discover the potential of this urban plot with a total area of 1492m2 in the heart of Almancil in the Algarve. The town hall has already approved a project to build nine apartments and three stores. Located in a consolidated construction area, this plot offers countless possibilities for your dream real estate project. With a project to build 3 stores on the ground floor and 9 apartments on the upper floors (6 two-bedroom apartments and 3 three-bedroom apartments). The project can be altered and updated. Almancil is a town in the municipality of Loulé, in the Algarve region of southern Portugal. It is located in the district of Faro and is known for its proximity to the popular tourist destinations of Quinta do Lago and Vale do Lobo, luxury areas with golf courses, hotels and sophisticated amenities. In addition to its proximity to the airport (just 14km away), it is also close to the cities of Quarteira / Vilamoura, Loulé and Faro. The Algarve, in general, is a tourist destination known for its beautiful beaches, golf courses and pleasant Mediterranean climate. Almancil, being in a central area, benefits from its proximity to these attractions and serves as an entry point for visitors exploring the region. The town continues to grow at a good pace and investing in Almancil becomes a safe and profitable investment. For more information about the project or to arrange a visit, please contact us. iad, doing real estate right for 15 years. #ref: 111460
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Currency Exchange
Loulé, Faro, Portugal
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 €700,000 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 |
|---|---|---|---|
| €700,000 | £576,730 | £601,615 | £24,885 |
| Property Price € | €700,000 |
| Minimum cost in the last six months | £576,730 |
| Maximum cost in the last six months | £601,615 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £24,885 |
Loulé, Faro, Portugal
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 €700,000 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 |
|---|---|---|---|
| €700,000 | £576,730 | £601,615 | £24,885 |
| Property Price € | €700,000 |
| Minimum cost in the last six months | £576,730 |
| Maximum cost in the last six months | £601,615 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £24,885 |
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 £24,885 more.
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