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Urban Building Plot - Silves - Algarve
Silves, Faro, Portugal, 8300-041
REF: 800470
€120,000
Description
Unique opportunity to build your dream home in Silves!" Description of the land: Privileged location in Pinheiro e Garrado, in Silves, providing a peaceful life in a rural area.Land measuring 240 m2, offering enough space to build a comfortable home.The proximity to nature and the rural environment provides a feeling of peace and tranquility, ideal for those looking to escape the hectic pace of cities.Benefits of the construction project in the approval phase: Construction project in the approval phase for a 2-storey house, offering buyers the opportunity to start building quickly.The project can be customized according to the buyer's needs and preferences, allowing the creation of a tailor-made home to meet their requirements and lifestyle.Potential additional uses and advantages: Ideal for those looking for a permanent residence or a holiday home in the picturesque region of Silves.Convenient location with easy access to local amenities such as shops, restaurants and essential services.Promising investment for those looking for long-term real estate appreciation, considering the growing demand for properties in rural areas.Price and contact details: Competitive and attractive price for the local market, with negotiation potential.For more information and to schedule visits, contact me.
Unique opportunity to build your dream home in Silves!" Description of the land: Privileged location in Pinheiro e Garrado, in Silves, providing a peaceful life in a rural area.Land measuring 240 m2, offering enough space to build a comfortable home.The proximity to nature and the rural environment provides a feeling of peace and tranquility, ideal for those looking to escape the hectic pace of cities.Benefits of the construction project in the approval phase: Construction project in the approval phase for a 2-storey house, offering buyers the opportunity to start building quickly.The project can be customized according to the buyer's needs and preferences, allowing the creation of a tailor-made home to meet their requirements and lifestyle.Potential additional uses and advantages: Ideal for those looking for a permanent residence or a holiday home in the picturesque region of Silves.Convenient location with easy access to local amenities such as shops, restaurants and essential services.Promising investment for those looking for long-term real estate appreciation, considering the growing demand for properties in rural areas.Price and contact details: Competitive and attractive price for the local market, with negotiation potential.For more information and to schedule visits, contact me.
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Currency Exchange
Silves, Faro, Portugal, 8300-041
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 €120,000 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 |
|---|---|---|---|
| €120,000 | £99,397 | £103,134 | £3,737 |
| Property Price € | €120,000 |
| Minimum cost in the last six months | £99,397 |
| Maximum cost in the last six months | £103,134 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £3,737 |
Silves, Faro, Portugal, 8300-041
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 €120,000 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 |
|---|---|---|---|
| €120,000 | £99,397 | £103,134 | £3,737 |
| Property Price € | €120,000 |
| Minimum cost in the last six months | £99,397 |
| Maximum cost in the last six months | £103,134 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £3,737 |
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 £3,737 more.
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