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ALMANCIL - FARM WITH LAND
Loulé, Algarve, Portugal
REF: 822172
€750,000
Description
Charming estate located in the area of Loulé-Vilamoura, Almancil, Quinta do Lago, and Vale do Lobo, with quick access to large commercial areas. Benefiting from convenient access to public transportation, including train and bus stations, as well as commercial zones, services, and industries.
Situated just minutes away from the national roads 125 and A22, as well as the beaches of Faro, Quarteira, and Quinta do Lago, it is nestled in a tranquil yet central area, approximately 1000 meters from Mar Shopping and the Algarve Stadium, and a ten-minute drive from Faro Airport. It features two accesses, both via paved roads, one at the front and another at the rear of the property.
The estate comprises a main residence with an annex that could benefit from updating, set within a vast agricultural plot with a legal borehole and a water tank for irrigation, offering savings on maintenance costs for watering crops, gardens, or orchards that may be established.
Within a short distance from Almancil, with the iconic Church of São Lourenço, internationally renowned as a picturesque wedding venue, five minutes from Vale do Lobo and Quinta do Lago, with their golf courses, and a ten-minute drive from the vibrant and cosmopolitan capital of the Algarve, this property is ideal for both residence and the development of a tourist activity. It provides not only the necessary infrastructure such as water, electricity, and sewage but also an excellent location.
A rare opportunity for a secure investment in the heart of the Algarve.
Charming estate located in the area of Loulé-Vilamoura, Almancil, Quinta do Lago, and Vale do Lobo, with quick access to large commercial areas. Benefiting from convenient access to public transportation, including train and bus stations, as well as commercial zones, services, and industries.
Situated just minutes away from the national roads 125 and A22, as well as the beaches of Faro, Quarteira, and Quinta do Lago, it is nestled in a tranquil yet central area, approximately 1000 meters from Mar Shopping and the Algarve Stadium, and a ten-minute drive from Faro Airport. It features two accesses, both via paved roads, one at the front and another at the rear of the property.
The estate comprises a main residence with an annex that could benefit from updating, set within a vast agricultural plot with a legal borehole and a water tank for irrigation, offering savings on maintenance costs for watering crops, gardens, or orchards that may be established.
Within a short distance from Almancil, with the iconic Church of São Lourenço, internationally renowned as a picturesque wedding venue, five minutes from Vale do Lobo and Quinta do Lago, with their golf courses, and a ten-minute drive from the vibrant and cosmopolitan capital of the Algarve, this property is ideal for both residence and the development of a tourist activity. It provides not only the necessary infrastructure such as water, electricity, and sewage but also an excellent location.
A rare opportunity for a secure investment in the heart of the Algarve.
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Currency Exchange
Loulé, Algarve, 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 €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 | £623,910 | £645,465 | £21,555 |
| Property Price € | €750,000 |
| Minimum cost in the last six months | £623,910 |
| Maximum cost in the last six months | £645,465 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £21,555 |
Loulé, Algarve, 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 €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 | £623,910 | £645,465 | £21,555 |
| Property Price € | €750,000 |
| Minimum cost in the last six months | £623,910 |
| Maximum cost in the last six months | £645,465 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £21,555 |
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 £21,555 more.
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