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Urban plot of 1000m2 in Ferreiras for construction of a detached family house in an urbanization located in a central and residential area close to one of the city's entrances and within short distance of restaurants, shops, supermarkets, cafes, schools
Albufeira, Faro, Portugal
REF: 831098
€169,000
Description
Urban plot of 1000m2 in Ferreiras for construction of a detached family house in an urbanization located in a central and residential area close to one of the city's entrances and within short distance of restaurants, shops, supermarkets, cafes, schools. This land is exceptional for its location, just two minutes from Albufeira or Guia and some of the most beautiful beaches in the Algarve, with all essential services and commerce nearby. Infrastructure for electricity and water connection is available just outside of the land. Excellent sun exposure, very quiet location. The beaches are only a 5-minute drive away, and Faro International Airport is just 25 minutes away by car. This is a great opportunity to buy a plot to build your dream home, close to everything but away from traffic and noise. The unique and privileged location makes this an excellent opportunity to acquire. If you need references or contacts for architects and builders, we are available to assist you throughout the process through our network of contacts. Specific Features: Total land area: 1000 m² Buildable area: 200 m² Urban situation: Urban Land Facilities just outside the land: Water, Electricity Energy certification: Exempt Property #ref: 118594
Urban plot of 1000m2 in Ferreiras for construction of a detached family house in an urbanization located in a central and residential area close to one of the city's entrances and within short distance of restaurants, shops, supermarkets, cafes, schools. This land is exceptional for its location, just two minutes from Albufeira or Guia and some of the most beautiful beaches in the Algarve, with all essential services and commerce nearby. Infrastructure for electricity and water connection is available just outside of the land. Excellent sun exposure, very quiet location. The beaches are only a 5-minute drive away, and Faro International Airport is just 25 minutes away by car. This is a great opportunity to buy a plot to build your dream home, close to everything but away from traffic and noise. The unique and privileged location makes this an excellent opportunity to acquire. If you need references or contacts for architects and builders, we are available to assist you throughout the process through our network of contacts. Specific Features: Total land area: 1000 m² Buildable area: 200 m² Urban situation: Urban Land Facilities just outside the land: Water, Electricity Energy certification: Exempt Property #ref: 118594
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Currency Exchange
Albufeira, 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 €169,000 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 |
|---|---|---|---|
| €169,000 | £140,588 | £145,445 | £4,857 |
| Property Price € | €169,000 |
| Minimum cost in the last six months | £140,588 |
| Maximum cost in the last six months | £145,445 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £4,857 |
Albufeira, 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 €169,000 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 |
|---|---|---|---|
| €169,000 | £140,588 | £145,445 | £4,857 |
| Property Price € | €169,000 |
| Minimum cost in the last six months | £140,588 |
| Maximum cost in the last six months | £145,445 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £4,857 |
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 £4,857 more.
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