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Located in the heart of the sought-after new urbanization of Monte Lemos in Praia da Luz, this exceptional plot offers a unique opportunity to build the house of your dreams
Lagos, Algarve, Portugal, 8600-136
REF: 789647
€750,000
Description
Located in the heart of the sought-after new urbanization of Monte Lemos in Praia da Luz, this exceptional plot offers a unique opportunity to build the house of your dreams. With a generous area of 1515m2, this plot is ideally intended to accommodate a modern and luxurious villa with a pool. The construction area of 330m2 spread over two levels consists of 3 spacious bedrooms and an office space, along with a large underground garage with a capacity for 3 cars.
The ideal location of this property ensures not only breathtaking sea views but also perfect sun exposure due to its south-facing orientation.
This plot also benefits from an architect-approved project by the municipality, as well as an existing building permit, allowing the future buyer to commence construction immediately upon the notarized deed's signature. A rare opportunity to avoid administrative hassles and dive straight into the realization of your real estate project.
In addition to its unique attractions, Praia da Luz enjoys an enviable reputation as a charming town in the Algarve. Known for its beautiful beaches, cliffs, relaxed atmosphere, Luz offers an idyllic living environment for residents and visitors alike. The Algarve, famous for its sunny climate, pastel sunsets, and tranquility, makes Luz a preferred destination for those seeking quality of life and well-being!
Don't miss out on this opportunity and contact us today for more information on this exclusive plot!
Located in the heart of the sought-after new urbanization of Monte Lemos in Praia da Luz, this exceptional plot offers a unique opportunity to build the house of your dreams. With a generous area of 1515m2, this plot is ideally intended to accommodate a modern and luxurious villa with a pool. The construction area of 330m2 spread over two levels consists of 3 spacious bedrooms and an office space, along with a large underground garage with a capacity for 3 cars.
The ideal location of this property ensures not only breathtaking sea views but also perfect sun exposure due to its south-facing orientation.
This plot also benefits from an architect-approved project by the municipality, as well as an existing building permit, allowing the future buyer to commence construction immediately upon the notarized deed's signature. A rare opportunity to avoid administrative hassles and dive straight into the realization of your real estate project.
In addition to its unique attractions, Praia da Luz enjoys an enviable reputation as a charming town in the Algarve. Known for its beautiful beaches, cliffs, relaxed atmosphere, Luz offers an idyllic living environment for residents and visitors alike. The Algarve, famous for its sunny climate, pastel sunsets, and tranquility, makes Luz a preferred destination for those seeking quality of life and well-being!
Don't miss out on this opportunity and contact us today for more information on this exclusive plot!
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Property on Map
Currency Exchange
Lagos, Algarve, Portugal, 8600-136
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 €750,000 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 |
|---|---|---|---|
| €750,000 | £621,233 | £644,588 | £23,355 |
| Property Price € | €750,000 |
| Minimum cost in the last six months | £621,233 |
| Maximum cost in the last six months | £644,588 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £23,355 |
Lagos, Algarve, Portugal, 8600-136
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 €750,000 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 |
|---|---|---|---|
| €750,000 | £621,233 | £644,588 | £23,355 |
| Property Price € | €750,000 |
| Minimum cost in the last six months | £621,233 |
| Maximum cost in the last six months | £644,588 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £23,355 |
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 £23,355 more.
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