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Plot of land inserted in a recently completed urbanization in the quiet village of Santa Bárbara de Nexe, chosen for a long time as a permanent or seasonal residence for a large foreign community and increasingly also for locals from the municipalities of Faro and Loulé who recognize the location as
Faro, Faro, Portugal
REF: 816406
€375,000
Description
Plot of land inserted in a recently completed urbanization in the quiet village of Santa Bárbara de Nexe, chosen for a long time as a permanent or seasonal residence for a large foreign community and increasingly also for locals from the municipalities of Faro and Loulé who recognize the location as a value for money. /quality of real estate advantageous compared to the municipality headquarters, in a more rustic environment and at the same time with a central location and served by a road network that allows easy and quick access to any reference location in both municipalities. Excellent sun exposure with fantastic views to the south over the Ria Formosa and the Atlantic Ocean. Supermarkets, restaurants and local accommodation, as well as a gas station are some of the facilities in this friendly village. Construction area of 540 m2 above ground divided equally between ground floor and 1st floor. It is mandatory to build a basement for car parking to be divided between the fractions. The ground floor is intended for commerce, services, food and beverage establishments, offices, etc. The 1st floor is housing. There is an architectural study for 2 commercial spaces on the ground floor and three apartments on the 1st floor, respectively 1T1, 1T2 and 1T3. Faro international airport is a 15-minute drive away. The "Mar shopping" mall 5 minutes away. The beaches of Quarteira and Vilamoura with the fantastic sport marina and the 5 wonderful golf courses are just 20 minutes away. The renowned resorts of Vale do Lobo and Quinta do Lago are also just around 15 minutes away by car. Great opportunity for investors. Allotment only recently placed on the market. There is an architectural study that can easily be changed to meet your requirements. Contact me for more information or to schedule a visit. #ref: 115452
Plot of land inserted in a recently completed urbanization in the quiet village of Santa Bárbara de Nexe, chosen for a long time as a permanent or seasonal residence for a large foreign community and increasingly also for locals from the municipalities of Faro and Loulé who recognize the location as a value for money. /quality of real estate advantageous compared to the municipality headquarters, in a more rustic environment and at the same time with a central location and served by a road network that allows easy and quick access to any reference location in both municipalities. Excellent sun exposure with fantastic views to the south over the Ria Formosa and the Atlantic Ocean. Supermarkets, restaurants and local accommodation, as well as a gas station are some of the facilities in this friendly village. Construction area of 540 m2 above ground divided equally between ground floor and 1st floor. It is mandatory to build a basement for car parking to be divided between the fractions. The ground floor is intended for commerce, services, food and beverage establishments, offices, etc. The 1st floor is housing. There is an architectural study for 2 commercial spaces on the ground floor and three apartments on the 1st floor, respectively 1T1, 1T2 and 1T3. Faro international airport is a 15-minute drive away. The "Mar shopping" mall 5 minutes away. The beaches of Quarteira and Vilamoura with the fantastic sport marina and the 5 wonderful golf courses are just 20 minutes away. The renowned resorts of Vale do Lobo and Quinta do Lago are also just around 15 minutes away by car. Great opportunity for investors. Allotment only recently placed on the market. There is an architectural study that can easily be changed to meet your requirements. Contact me for more information or to schedule a visit. #ref: 115452
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Currency Exchange
Faro, 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 €375,000 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 |
|---|---|---|---|
| €375,000 | £310,616 | £322,294 | £11,678 |
| Property Price € | €375,000 |
| Minimum cost in the last six months | £310,616 |
| Maximum cost in the last six months | £322,294 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £11,678 |
Faro, 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 €375,000 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 |
|---|---|---|---|
| €375,000 | £310,616 | £322,294 | £11,678 |
| Property Price € | €375,000 |
| Minimum cost in the last six months | £310,616 |
| Maximum cost in the last six months | £322,294 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £11,678 |
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 £11,678 more.
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