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Enormous plot of land (369
Loulé, Faro, Portugal, 8100-000
REF: 791868
€695,000
Description
This property is a rare opportunity to own a large plot of land in the Algarve, with 369.000m2 of potential for your dream project in the countryside. Due to the size of the land, you can develop a rural tourism business or an agricultural farm and this will give you the permission to construct the buildings and housing associated to the project. In addition, there is the possibility to build a private residence on this land, which has an existing ruin that allows you to build up to 300m2 of living area on one level, plus a swimming pool.
The land is rich in natural resources, with thousands of trees of different species, such as carob, olive, medronho, almond, cork oak and pine. The location is peaceful and scenic, with country views and close proximity to Loulé and the beaches of the Algarve. Access to the property is via Vale Telheiro or Monte Seco, both popular areas with a mixture of natural spaces and private residences.
The price of this land is 695.000 which is a bargain considering the size and the possibilities of this property. Don't miss this chance to acquire a piece of paradise in Portugal.
This property is a rare opportunity to own a large plot of land in the Algarve, with 369.000m2 of potential for your dream project in the countryside. Due to the size of the land, you can develop a rural tourism business or an agricultural farm and this will give you the permission to construct the buildings and housing associated to the project. In addition, there is the possibility to build a private residence on this land, which has an existing ruin that allows you to build up to 300m2 of living area on one level, plus a swimming pool.
The land is rich in natural resources, with thousands of trees of different species, such as carob, olive, medronho, almond, cork oak and pine. The location is peaceful and scenic, with country views and close proximity to Loulé and the beaches of the Algarve. Access to the property is via Vale Telheiro or Monte Seco, both popular areas with a mixture of natural spaces and private residences.
The price of this land is 695.000 which is a bargain considering the size and the possibilities of this property. Don't miss this chance to acquire a piece of paradise in Portugal.
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Currency Exchange
Loulé, Faro, Portugal, 8100-000
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 €695,000 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 |
|---|---|---|---|
| €695,000 | £575,675 | £597,318 | £21,642 |
| Property Price € | €695,000 |
| Minimum cost in the last six months | £575,675 |
| Maximum cost in the last six months | £597,318 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £21,642 |
Loulé, Faro, Portugal, 8100-000
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 €695,000 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 |
|---|---|---|---|
| €695,000 | £575,675 | £597,318 | £21,642 |
| Property Price € | €695,000 |
| Minimum cost in the last six months | £575,675 |
| Maximum cost in the last six months | £597,318 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £21,642 |
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 £21,642 more.
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