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BUILDING LAND - BASEMENT + 4 FLOORS FOR HOUSING
Silves, Faro, Portugal
REF: 842068
€600,000
Description
Land in multi-family housing space. Feasibility of construction for 5 floors - basement, RC, 1st, 2nd, 3rd floors. With an area of \u200b\u200b484 m2. Completely flat and served by excellent access - next to the N 269-1 road (Via Dorsal de Armação de Pêra). Excellent exposure - corner lot, facing Rua João de Deus and N 269-1. Accessibility - Public transport approximately 400 meters away. Proximity to Services - Armação de Pêra Basic Schools - 1st, 2nd and 3rd cycles approximately 100 meters away. Armação de Pêra center about 750 meters - Municipal Market reference. 800 meters from the beach. Located in one of the most emblematic villages in the Algarve and desired holiday destination in Portugal - THE PICTURESQUE VILLAGE OF ARMAÇÃO DE PÊRA Armação de Pêra is a fishing and tourist village, a stage for daytime and nighttime entertainment during the bathing season. Area with great economic interest in the housing real estate market, both for permanent housing as well as for second homes and/or income. Distances (Approx.) - 2.4 km from EN 125 - 3.8 km from the A22 (Alcantarilha junction) - 14 km from the city of Silves, historic city and county seat.
Land in multi-family housing space. Feasibility of construction for 5 floors - basement, RC, 1st, 2nd, 3rd floors. With an area of \u200b\u200b484 m2. Completely flat and served by excellent access - next to the N 269-1 road (Via Dorsal de Armação de Pêra). Excellent exposure - corner lot, facing Rua João de Deus and N 269-1. Accessibility - Public transport approximately 400 meters away. Proximity to Services - Armação de Pêra Basic Schools - 1st, 2nd and 3rd cycles approximately 100 meters away. Armação de Pêra center about 750 meters - Municipal Market reference. 800 meters from the beach. Located in one of the most emblematic villages in the Algarve and desired holiday destination in Portugal - THE PICTURESQUE VILLAGE OF ARMAÇÃO DE PÊRA Armação de Pêra is a fishing and tourist village, a stage for daytime and nighttime entertainment during the bathing season. Area with great economic interest in the housing real estate market, both for permanent housing as well as for second homes and/or income. Distances (Approx.) - 2.4 km from EN 125 - 3.8 km from the A22 (Alcantarilha junction) - 14 km from the city of Silves, historic city and county seat.
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Currency Exchange
Silves, 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 €600,000 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 |
|---|---|---|---|
| €600,000 | £503,460 | £517,536 | £14,076 |
| Property Price € | €600,000 |
| Minimum cost in the last six months | £503,460 |
| Maximum cost in the last six months | £517,536 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £14,076 |
Silves, 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 €600,000 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 |
|---|---|---|---|
| €600,000 | £503,460 | £517,536 | £14,076 |
| Property Price € | €600,000 |
| Minimum cost in the last six months | £503,460 |
| Maximum cost in the last six months | £517,536 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £14,076 |
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 £14,076 more.
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