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Building plot with sea views for sale in Luz, Lagos, Algarve
Lagos, Portugal
REF: 828468
€425,000
Description
"Reserva da Luz'' is a prime urbanization located on the seafront in Luz. This spacious plot offers beautiful sea views and allows for the construction of a one-storey villa with a basement. Despite its 100sqm footprint, there's ample room for a comfortable living space, complemented by a basement with approx 60sqm, swimming pool, and a delightful roof terrace with 40sqm. Ideal for not too large families. The property is already fenced and landscaped, enjoying a beautiful garden. A mere 650m to the sea. A delightful project has been proposed to the Town Hall, by Renato Cintra arquitectos, depicted in 3D, but as soon as approved, can be easily tailored to your preferences. Situated approximately 1,800m from Luz Church, it's just a 20-minute walk to the village centre, beach, and all amenities. Luz is a highly desirable location for both permanent residence and holidays, offering top-notch restaurants, bars, water sports, nearby golf courses, and excellent international schools. Building your dream home here, with the freedom to choose designs, materials, and finishes, is a unique opportunity not to be missed.
"Reserva da Luz'' is a prime urbanization located on the seafront in Luz. This spacious plot offers beautiful sea views and allows for the construction of a one-storey villa with a basement. Despite its 100sqm footprint, there's ample room for a comfortable living space, complemented by a basement with approx 60sqm, swimming pool, and a delightful roof terrace with 40sqm. Ideal for not too large families. The property is already fenced and landscaped, enjoying a beautiful garden. A mere 650m to the sea. A delightful project has been proposed to the Town Hall, by Renato Cintra arquitectos, depicted in 3D, but as soon as approved, can be easily tailored to your preferences. Situated approximately 1,800m from Luz Church, it's just a 20-minute walk to the village centre, beach, and all amenities. Luz is a highly desirable location for both permanent residence and holidays, offering top-notch restaurants, bars, water sports, nearby golf courses, and excellent international schools. Building your dream home here, with the freedom to choose designs, materials, and finishes, is a unique opportunity not to be missed.
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Currency Exchange
Lagos, 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 €425,000 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 |
|---|---|---|---|
| €425,000 | £352,032 | £365,266 | £13,235 |
| Property Price € | €425,000 |
| Minimum cost in the last six months | £352,032 |
| Maximum cost in the last six months | £365,266 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £13,235 |
Lagos, 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 €425,000 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 |
|---|---|---|---|
| €425,000 | £352,032 | £365,266 | £13,235 |
| Property Price € | €425,000 |
| Minimum cost in the last six months | £352,032 |
| Maximum cost in the last six months | £365,266 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £13,235 |
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 £13,235 more.
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