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Unique opportunity! Land of 9,725m2, with construction feasibility for 660m2, for commerce and services
Albufeira, Faro, Portugal
REF: 857822
€350,000
Description
Unique opportunity! Land of 9,725m2, with construction feasibility for 660m2, for commerce and services. There is currently a project under study, delivered to the Albufeira municipal council If you are a lover of Padel, the sport that has grown the most in the world in recent years, you have this great opportunity to build several fields. For support, there is the feasibility of construction for restoration and services. This land is located in Quinta do Paiva, Vale de Carro, in Albufeira, in a large cosmopolitan urbanization, with owners from different parts of the world. It is a pleasant urbanization and about 2 km from the famous Falésia beach, and about 7 minutes from the center of Albufeira and also 7 minutes from the Vilamoura marina. At IAD, we share business with any real estate agent, we have a concept of a virtual showcase of our properties on more than 200 real estate portals, both nationally and predominantly internationally. I look forward to hearing from you for any questions or scheduling an in-person or virtual visit. #ref: 123267
Unique opportunity! Land of 9,725m2, with construction feasibility for 660m2, for commerce and services. There is currently a project under study, delivered to the Albufeira municipal council If you are a lover of Padel, the sport that has grown the most in the world in recent years, you have this great opportunity to build several fields. For support, there is the feasibility of construction for restoration and services. This land is located in Quinta do Paiva, Vale de Carro, in Albufeira, in a large cosmopolitan urbanization, with owners from different parts of the world. It is a pleasant urbanization and about 2 km from the famous Falésia beach, and about 7 minutes from the center of Albufeira and also 7 minutes from the Vilamoura marina. At IAD, we share business with any real estate agent, we have a concept of a virtual showcase of our properties on more than 200 real estate portals, both nationally and predominantly internationally. I look forward to hearing from you for any questions or scheduling an in-person or virtual visit. #ref: 123267
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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 €350,000 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 |
|---|---|---|---|
| €350,000 | £288,365 | £300,808 | £12,443 |
| Property Price € | €350,000 |
| Minimum cost in the last six months | £288,365 |
| Maximum cost in the last six months | £300,808 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £12,443 |
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 €350,000 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 |
|---|---|---|---|
| €350,000 | £288,365 | £300,808 | £12,443 |
| Property Price € | €350,000 |
| Minimum cost in the last six months | £288,365 |
| Maximum cost in the last six months | £300,808 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £12,443 |
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 £12,443 more.
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