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Excellent 4200m2 lot with immense building potential
Tavira, Faro, Portugal
REF: 852776
€550,000
Description
Excellent 4200m2 lot with immense building potential. A rare opportunity to build your own single-family home, two-family home or even more. The strategic location of this plot puts you close to all amenities, shops, schools, sports facilities, beaches... You can do it all on foot! This large plot is located in the centre of Luz de Tavira, in a very quiet area and just a stone's throw from the church. A typical Algarve village, Luz de Tavira is much sought-after for its peace and quiet, but also because of its proximity to Tavira (5 minutes away), Olhao (15 minutes) and Faro (25 minutes), and the Ria Formosa, which is accessible on foot, by bike or by car... There are several options for creating your own project, whether you're a private individual planning a family home or an investor/builder: This flat plot of 4200 m2 is located in "zone H2" of the PDM of Luz De Tavira, which offers very interesting potential for construction : - Maximum density: 65 homes / Hectare - Occupancy index: 0.3 - Building index: 0.8 - Number of possible storeys: 3 - Parking: 2 spaces per home. The high demand for housing in this area means you can expect an attractive return. Come and visit now and start planning your project! Choosing IAD means being accompanied throughout the process until the deed is signed. At IAD, we share the business 50% - 50% with any consultant or estate agency. We promote properties on more than 200 national and international property portals and more than 60 countries. Are you a professional in the sector and do you have a qualified buyer? Contact me and book your viewing!!! AMI 11220 #ref: 122396
Excellent 4200m2 lot with immense building potential. A rare opportunity to build your own single-family home, two-family home or even more. The strategic location of this plot puts you close to all amenities, shops, schools, sports facilities, beaches... You can do it all on foot! This large plot is located in the centre of Luz de Tavira, in a very quiet area and just a stone's throw from the church. A typical Algarve village, Luz de Tavira is much sought-after for its peace and quiet, but also because of its proximity to Tavira (5 minutes away), Olhao (15 minutes) and Faro (25 minutes), and the Ria Formosa, which is accessible on foot, by bike or by car... There are several options for creating your own project, whether you're a private individual planning a family home or an investor/builder: This flat plot of 4200 m2 is located in "zone H2" of the PDM of Luz De Tavira, which offers very interesting potential for construction : - Maximum density: 65 homes / Hectare - Occupancy index: 0.3 - Building index: 0.8 - Number of possible storeys: 3 - Parking: 2 spaces per home. The high demand for housing in this area means you can expect an attractive return. Come and visit now and start planning your project! Choosing IAD means being accompanied throughout the process until the deed is signed. At IAD, we share the business 50% - 50% with any consultant or estate agency. We promote properties on more than 200 national and international property portals and more than 60 countries. Are you a professional in the sector and do you have a qualified buyer? Contact me and book your viewing!!! AMI 11220 #ref: 122396
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Property on Map
Currency Exchange
Tavira, 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 €550,000 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 |
|---|---|---|---|
| €550,000 | £453,145 | £472,698 | £19,553 |
| Property Price € | €550,000 |
| Minimum cost in the last six months | £453,145 |
| Maximum cost in the last six months | £472,698 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £19,553 |
Tavira, 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 €550,000 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 |
|---|---|---|---|
| €550,000 | £453,145 | £472,698 | £19,553 |
| Property Price € | €550,000 |
| Minimum cost in the last six months | £453,145 |
| Maximum cost in the last six months | £472,698 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £19,553 |
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 £19,553 more.
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