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RUIN ON RUSTIC LAND 5 MINUTES FROM THE BEACH We present a unique opportunity for those wishing to invest in a property with great potential in Sesmaria, Albufeira, one of the Algarve's most charming regions
Albufeira, Faro, Portugal
REF: 848743
€692,000
Description
RUIN ON RUSTIC LAND 5 MINUTES FROM THE BEACH We present a unique opportunity for those wishing to invest in a property with great potential in Sesmaria, Albufeira, one of the Algarve's most charming regions. This property of mixed characteristics combines the best of urban and rural, offering a unique living experience. Property Description Total Land Area: 9,080 m² Urban Area Allowed for Construction: 300 m² on a single level Type: Mixed property (urban and rustic) Privileged location The property is strategically situated just 100 meters from the renowned Solar das Palmeiras restaurant and 5 minutes from the stunning Coelha Beach. This privileged location offers the perfect balance between tranquillity and convenience. Property Advantages Tranquil setting: Enjoy the relaxing sound of birds in the midst of nature, ideal for those seeking peace and serenity. Urban proximity: Despite the rural setting, the proximity to shops, transport and all the facilities of modern life is a great advantage. Construction Potential: The urban area of the land allows for construction of up to 300 m², ideal for creating a spacious residence while maintaining the rustic charm of the region. #ref: 121523
RUIN ON RUSTIC LAND 5 MINUTES FROM THE BEACH We present a unique opportunity for those wishing to invest in a property with great potential in Sesmaria, Albufeira, one of the Algarve's most charming regions. This property of mixed characteristics combines the best of urban and rural, offering a unique living experience. Property Description Total Land Area: 9,080 m² Urban Area Allowed for Construction: 300 m² on a single level Type: Mixed property (urban and rustic) Privileged location The property is strategically situated just 100 meters from the renowned Solar das Palmeiras restaurant and 5 minutes from the stunning Coelha Beach. This privileged location offers the perfect balance between tranquillity and convenience. Property Advantages Tranquil setting: Enjoy the relaxing sound of birds in the midst of nature, ideal for those seeking peace and serenity. Urban proximity: Despite the rural setting, the proximity to shops, transport and all the facilities of modern life is a great advantage. Construction Potential: The urban area of the land allows for construction of up to 300 m², ideal for creating a spacious residence while maintaining the rustic charm of the region. #ref: 121523
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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 €692,000 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 |
|---|---|---|---|
| €692,000 | £573,191 | £594,739 | £21,549 |
| Property Price € | €692,000 |
| Minimum cost in the last six months | £573,191 |
| Maximum cost in the last six months | £594,739 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £21,549 |
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 €692,000 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 |
|---|---|---|---|
| €692,000 | £573,191 | £594,739 | £21,549 |
| Property Price € | €692,000 |
| Minimum cost in the last six months | £573,191 |
| Maximum cost in the last six months | £594,739 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £21,549 |
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 £21,549 more.
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