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21 Hectare Plot with Ruin in Praia Da Luz
Lagos, Faro, Portugal, 8600-135
REF: 856644
€1,150,000
Description
Discover an exceptional investment opportunity in Lagos with this expansive 211,782.32 m plot of land near National Road 125, just 10 minutes from the stunning Praia da Luz. The land includes a 300 m ruin, offering significant development potential. Provisional information suggests possibilities for a 500 m residence or a 2,000 m rural tourism venture. With its prime location and potential for development, this property is perfect for investors looking to capitalize on the growing Algarve .. We present an excellent investment opportunity in Lagos, Algarve. This extensive plot of land, totaling 211,782.32 m , is situated near the National Road 125, offering easy access and convenience. The prime location is just 10 minutes from Praia da Luz, one of the most beautiful beaches in the region.
Currently, the land features a 300 m ruin, but there is significant potential for development. Provisional information suggests the possibility of constructing a residence up to 500 m or a rural tourism venture up to 2,000 m .
With the perfect combination of a strategic location, proximity to tourist attractions, and development potential, this property is ideal for investors looking to capitalize on the growing real estate market in the Algarve. Don t miss the opportunity to transform this land into a profitable and highly sought-after venture.
Discover an exceptional investment opportunity in Lagos with this expansive 211,782.32 m plot of land near National Road 125, just 10 minutes from the stunning Praia da Luz. The land includes a 300 m ruin, offering significant development potential. Provisional information suggests possibilities for a 500 m residence or a 2,000 m rural tourism venture. With its prime location and potential for development, this property is perfect for investors looking to capitalize on the growing Algarve .. We present an excellent investment opportunity in Lagos, Algarve. This extensive plot of land, totaling 211,782.32 m , is situated near the National Road 125, offering easy access and convenience. The prime location is just 10 minutes from Praia da Luz, one of the most beautiful beaches in the region.
Currently, the land features a 300 m ruin, but there is significant potential for development. Provisional information suggests the possibility of constructing a residence up to 500 m or a rural tourism venture up to 2,000 m .
With the perfect combination of a strategic location, proximity to tourist attractions, and development potential, this property is ideal for investors looking to capitalize on the growing real estate market in the Algarve. Don t miss the opportunity to transform this land into a profitable and highly sought-after venture.
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Currency Exchange
Lagos, Faro, Portugal, 8600-135
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 €1,150,000 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 |
|---|---|---|---|
| €1,150,000 | £952,557 | £988,368 | £35,811 |
| Property Price € | €1,150,000 |
| Minimum cost in the last six months | £952,557 |
| Maximum cost in the last six months | £988,368 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £35,811 |
Lagos, Faro, Portugal, 8600-135
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 €1,150,000 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 |
|---|---|---|---|
| €1,150,000 | £952,557 | £988,368 | £35,811 |
| Property Price € | €1,150,000 |
| Minimum cost in the last six months | £952,557 |
| Maximum cost in the last six months | £988,368 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £35,811 |
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 £35,811 more.
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