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Mixed Real Estate Sell in Luz,Lagos
Lagos, Portugal
REF: 866589
€1,150,000
Description
21 hectare mixed plot with ruin in Luz, Lagos.Fantastic plot of 211.000m2, below the national 125, in Luz, Lagos, with a 320m2 ruin surrounded by nature. Located just 5 minutes from the village of Luz and less than 10 minutes from the beach.This plot offers the possibility of developing various types of nature-related activities or just having a dream villa with total privacy and surrounded by tranquillity and peace.In addition to the village of Luz and the beach, you can also drive to Burgau and its beach in around 7/8 minutes. Lagos is 10 minutes away and Faro less than an hour, all thanks to the National 125 and the motorway (A22) located a short distance away.Vila da Luz is a charming seaside village in the municipality of Lagos, on the edge of the beautiful Costa Vicentina. Its main beach, Praia da Luz, has a wonderful sandy shore, calm waters, and the incredible cliff of Rocha Negra, formed over 150 million years ago as a result of lava that emanated from the once active volcanoes of Monchique. Luz is an historic village, and just up from the water you ll find ancient roman ruins, including fishing tanks, and a bath complex. The town has a number of bars, restaurants, caf s and shops dotted along the shoreline, and amongst its winding village streets.
21 hectare mixed plot with ruin in Luz, Lagos.Fantastic plot of 211.000m2, below the national 125, in Luz, Lagos, with a 320m2 ruin surrounded by nature. Located just 5 minutes from the village of Luz and less than 10 minutes from the beach.This plot offers the possibility of developing various types of nature-related activities or just having a dream villa with total privacy and surrounded by tranquillity and peace.In addition to the village of Luz and the beach, you can also drive to Burgau and its beach in around 7/8 minutes. Lagos is 10 minutes away and Faro less than an hour, all thanks to the National 125 and the motorway (A22) located a short distance away.Vila da Luz is a charming seaside village in the municipality of Lagos, on the edge of the beautiful Costa Vicentina. Its main beach, Praia da Luz, has a wonderful sandy shore, calm waters, and the incredible cliff of Rocha Negra, formed over 150 million years ago as a result of lava that emanated from the once active volcanoes of Monchique. Luz is an historic village, and just up from the water you ll find ancient roman ruins, including fishing tanks, and a bath complex. The town has a number of bars, restaurants, caf s and shops dotted along the shoreline, and amongst its winding village streets.
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Currency Exchange
Lagos, 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 €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 | £947,485 | £988,368 | £40,883 |
| Property Price € | €1,150,000 |
| Minimum cost in the last six months | £947,485 |
| 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 | £40,883 |
Lagos, 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 €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 | £947,485 | £988,368 | £40,883 |
| Property Price € | €1,150,000 |
| Minimum cost in the last six months | £947,485 |
| 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 | £40,883 |
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 £40,883 more.
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