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PORTUGAL-ALGARVE-MEXILHOEIRA GRANDE Land of 2 hectares with a registered ruin in a desirable area with a lot of potential
Portimão, Faro, Portugal
REF: 842723
€240,000
Description
PORTUGAL-ALGARVE-MEXILHOEIRA GRANDE Land of 2 hectares with a registered ruin in a desirable area with a lot of potential. Are you looking for a plot to build your dream house? Close to all amenities but still a having a pleasant country side vibe? Located in Mexilhoeira Grande in a peaceful residential area, surrounded by charming villas and a luxurious condominium. At equal distance between Lagos and Portimao, both cities less than 20 minutes drive and only 10 minutes from Penina Hotel and Golf Resort. Meia Praia and Praia do Alvor are 15 minutes away. Easy acces to the N125 and A22 highway. The 60m2 ruin can be extended to 90m2 under the current law. With a specific project and the approval of the Camara (PIP), there could be a possibility to go up to 250m2. Mains water and electric close by. This property is well maintained, mainly flat, allowing to access all parts of the land easily. The upper part of the land offers beautiful views on the bay of Alvor. The vegetation is composed mainly of Olive trees and few Carob trees. This large land offers a variety of options in terms of development. Don’t wait any longer to come and check it out. #ref: 121048
PORTUGAL-ALGARVE-MEXILHOEIRA GRANDE Land of 2 hectares with a registered ruin in a desirable area with a lot of potential. Are you looking for a plot to build your dream house? Close to all amenities but still a having a pleasant country side vibe? Located in Mexilhoeira Grande in a peaceful residential area, surrounded by charming villas and a luxurious condominium. At equal distance between Lagos and Portimao, both cities less than 20 minutes drive and only 10 minutes from Penina Hotel and Golf Resort. Meia Praia and Praia do Alvor are 15 minutes away. Easy acces to the N125 and A22 highway. The 60m2 ruin can be extended to 90m2 under the current law. With a specific project and the approval of the Camara (PIP), there could be a possibility to go up to 250m2. Mains water and electric close by. This property is well maintained, mainly flat, allowing to access all parts of the land easily. The upper part of the land offers beautiful views on the bay of Alvor. The vegetation is composed mainly of Olive trees and few Carob trees. This large land offers a variety of options in terms of development. Don’t wait any longer to come and check it out. #ref: 121048
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Currency Exchange
Portimão, 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 €240,000 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 |
|---|---|---|---|
| €240,000 | £201,437 | £207,014 | £5,578 |
| Property Price € | €240,000 |
| Minimum cost in the last six months | £201,437 |
| Maximum cost in the last six months | £207,014 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £5,578 |
Portimão, 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 €240,000 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 |
|---|---|---|---|
| €240,000 | £201,437 | £207,014 | £5,578 |
| Property Price € | €240,000 |
| Minimum cost in the last six months | £201,437 |
| Maximum cost in the last six months | £207,014 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £5,578 |
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 £5,578 more.
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