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Your villa two minutes from the beach
Silves, Faro, Portugal, 8365-200
REF: 842064
€590,000
Description
Total Area: 3520 m Proximity: 5 minutes from the beach and golf This large plot of 3520 m , located on the site of Zambujal in Pêra, offers an excellent investment opportunity in one of the most desired locations in the municipality of Silves. The property is located just 2 minutes from the village of Pêra, the beautiful Praia Grande de Pêra and the prestigious Salgados golf course, providing a privileged and convenient lifestyle. Characteristics of the Land: - Flat Terrain with Slight Slope: Facilitates construction and offers various possibilities for use of space. - Unobscured View: Enjoy the natural landscape and tranquility of the region, ideal for those looking for a serene refuge. Existing Infrastructure: - Main Housing: The property includes a T0 housing with garage, ready to be inhabited. - Second Housing: On the ground, there is a second construction without a use permit currently, but which can be legalized if used as an extension of the main housing, providing flexibility for future expansion. Potential for Development: - Possibility of Legalization: Second housing can be legalized, offering the possibility of creating additional space, either for own housing or for potential income generation. - Option of Elimination and Expansion: There is the possibility to eliminate the second housing and expand the main housing according to the project presented, allowing greater customization and use of the available space. This land is an excellent opportunity for those looking for an investment in a prime location with easy access to some of the best beaches and golf courses in the Algarve. Do not miss the opportunity to acquire this piece of paradise in the municipality of Silves. For more information or to schedule a visit, please contact us.
Total Area: 3520 m Proximity: 5 minutes from the beach and golf This large plot of 3520 m , located on the site of Zambujal in Pêra, offers an excellent investment opportunity in one of the most desired locations in the municipality of Silves. The property is located just 2 minutes from the village of Pêra, the beautiful Praia Grande de Pêra and the prestigious Salgados golf course, providing a privileged and convenient lifestyle. Characteristics of the Land: - Flat Terrain with Slight Slope: Facilitates construction and offers various possibilities for use of space. - Unobscured View: Enjoy the natural landscape and tranquility of the region, ideal for those looking for a serene refuge. Existing Infrastructure: - Main Housing: The property includes a T0 housing with garage, ready to be inhabited. - Second Housing: On the ground, there is a second construction without a use permit currently, but which can be legalized if used as an extension of the main housing, providing flexibility for future expansion. Potential for Development: - Possibility of Legalization: Second housing can be legalized, offering the possibility of creating additional space, either for own housing or for potential income generation. - Option of Elimination and Expansion: There is the possibility to eliminate the second housing and expand the main housing according to the project presented, allowing greater customization and use of the available space. This land is an excellent opportunity for those looking for an investment in a prime location with easy access to some of the best beaches and golf courses in the Algarve. Do not miss the opportunity to acquire this piece of paradise in the municipality of Silves. For more information or to schedule a visit, please contact us.
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Currency Exchange
Silves, Faro, Portugal, 8365-200
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 €590,000 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 |
|---|---|---|---|
| €590,000 | £488,703 | £507,076 | £18,373 |
| Property Price € | €590,000 |
| Minimum cost in the last six months | £488,703 |
| Maximum cost in the last six months | £507,076 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £18,373 |
Silves, Faro, Portugal, 8365-200
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 €590,000 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 |
|---|---|---|---|
| €590,000 | £488,703 | £507,076 | £18,373 |
| Property Price € | €590,000 |
| Minimum cost in the last six months | £488,703 |
| Maximum cost in the last six months | £507,076 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £18,373 |
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 £18,373 more.
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