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Developable Land in the Prestigious Golden Triangle
Loulé, Faro, Portugal, 8135-128
REF: 802898
€830,000
Description
Developable land in the prestigious Golden Triangle area of the Algarve, situated between the Barrocal and breathtaking Algarve coast. This rare opportunity allows full enjoyment of breathtaking mountains and the Ria Formosa Natural Reserve.Official property survey depicts a total area of 2,951m with allowable construction of up to six floors above ground level and a total gross construction area of up to 1,900m .Excellent for those who wish to be centrally located and of close proximity of services. In addition to easy access to commerce, the property is also peaceful and private.Just minutes from Vale do Lobo and Quinta do Lago, it offers excellent access to stunning beaches, internationally renown golf courses, a variety of gourmet restaurants, and Vilamoura Marina. Location to:3km from Quinta do Lago;5km from the A22;5km from Vale do Lobo;5km from Vale do Lobo Golf Club;6km from Ancão Beach;8km from Quinta do Lago Beach;11km from Vilamoura Marina;12km from Faro International Airport;13km from Faro and70km from Ayamonte, Spain.
Developable land in the prestigious Golden Triangle area of the Algarve, situated between the Barrocal and breathtaking Algarve coast. This rare opportunity allows full enjoyment of breathtaking mountains and the Ria Formosa Natural Reserve.Official property survey depicts a total area of 2,951m with allowable construction of up to six floors above ground level and a total gross construction area of up to 1,900m .Excellent for those who wish to be centrally located and of close proximity of services. In addition to easy access to commerce, the property is also peaceful and private.Just minutes from Vale do Lobo and Quinta do Lago, it offers excellent access to stunning beaches, internationally renown golf courses, a variety of gourmet restaurants, and Vilamoura Marina. Location to:3km from Quinta do Lago;5km from the A22;5km from Vale do Lobo;5km from Vale do Lobo Golf Club;6km from Ancão Beach;8km from Quinta do Lago Beach;11km from Vilamoura Marina;12km from Faro International Airport;13km from Faro and70km from Ayamonte, Spain.
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Currency Exchange
Loulé, Faro, Portugal, 8135-128
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 €830,000 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 |
|---|---|---|---|
| €830,000 | £687,497 | £713,344 | £25,846 |
| Property Price € | €830,000 |
| Minimum cost in the last six months | £687,497 |
| Maximum cost in the last six months | £713,344 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £25,846 |
Loulé, Faro, Portugal, 8135-128
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 €830,000 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 |
|---|---|---|---|
| €830,000 | £687,497 | £713,344 | £25,846 |
| Property Price € | €830,000 |
| Minimum cost in the last six months | £687,497 |
| Maximum cost in the last six months | £713,344 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £25,846 |
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 £25,846 more.
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