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Great Investment Opportunity Land for Sale in Armação de Pêra, Algarve, Portugal Two Properties Totalling 4,333m² Discover the potential of these exceptional plots in Armação de Pêra, just 800 metres from the stunning Praia dos Pescadores
Silves, Faro, Portugal
REF: 867684
€850,000
Description
Great Investment Opportunity Land for Sale in Armação de Pêra, Algarve, Portugal Two Properties Totalling 4,333m² Discover the potential of these exceptional plots in Armação de Pêra, just 800 metres from the stunning Praia dos Pescadores. This unique opportunity combines proximity to the sea with the tranquillity of nature, offering a prime location for developing lucrative projects. Property Details: Total Area: 4,333m² Urban Land: 2,213m² Rustic Land in Urban Area: 2,120m² Perfectly positioned for various types of development, this versatile property opens doors to creativity and innovation. We present a preliminary plan suggesting the construction of 2 detached villas with private pools and 8 charming semi-detached houses with a shared pool. However, the work of a competent architect could present other alternatives for utilising the space. Features and Development Potential: 2 Detached Villas: Space for the construction of independent residences, perfect for those seeking privacy and comfort. 8 Semi-Detached Houses: Ideal for tourism projects or collective housing, providing a welcoming and community-oriented environment. Basements in all Villas: As long as the basements do not exceed 2.25m in height, they will not count as construction area, allowing the homes to gain space in other rooms. Location Advantages: Proximity to the Beach: Just 800 metres from the famous Praia dos Pescadores, offering easy access to the wonders of the Algarve coast. Nature and Tranquillity: Combines the best of modern living with the serenity of a natural environment. Supermarket: These two plots are 50 metres from the Pingo Doce supermarket and 150 metres from the central pharmacy. Investment Opportunity: A constantly growing location, perfect for visionary investors. Feasibility Study: Before seeking an investor for these two plots, we conducted a feasibility study and found encouraging profit margins. Are you an investor looking to seize this opportunity in one of the most sought-after regions of the Algarve? Then come visit and discover the potential to transform this land into your next major project. Schedule Your Visit Today! #ref: 124663
Great Investment Opportunity Land for Sale in Armação de Pêra, Algarve, Portugal Two Properties Totalling 4,333m² Discover the potential of these exceptional plots in Armação de Pêra, just 800 metres from the stunning Praia dos Pescadores. This unique opportunity combines proximity to the sea with the tranquillity of nature, offering a prime location for developing lucrative projects. Property Details: Total Area: 4,333m² Urban Land: 2,213m² Rustic Land in Urban Area: 2,120m² Perfectly positioned for various types of development, this versatile property opens doors to creativity and innovation. We present a preliminary plan suggesting the construction of 2 detached villas with private pools and 8 charming semi-detached houses with a shared pool. However, the work of a competent architect could present other alternatives for utilising the space. Features and Development Potential: 2 Detached Villas: Space for the construction of independent residences, perfect for those seeking privacy and comfort. 8 Semi-Detached Houses: Ideal for tourism projects or collective housing, providing a welcoming and community-oriented environment. Basements in all Villas: As long as the basements do not exceed 2.25m in height, they will not count as construction area, allowing the homes to gain space in other rooms. Location Advantages: Proximity to the Beach: Just 800 metres from the famous Praia dos Pescadores, offering easy access to the wonders of the Algarve coast. Nature and Tranquillity: Combines the best of modern living with the serenity of a natural environment. Supermarket: These two plots are 50 metres from the Pingo Doce supermarket and 150 metres from the central pharmacy. Investment Opportunity: A constantly growing location, perfect for visionary investors. Feasibility Study: Before seeking an investor for these two plots, we conducted a feasibility study and found encouraging profit margins. Are you an investor looking to seize this opportunity in one of the most sought-after regions of the Algarve? Then come visit and discover the potential to transform this land into your next major project. Schedule Your Visit Today! #ref: 124663
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Currency Exchange
Silves, 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 €850,000 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 |
|---|---|---|---|
| €850,000 | £700,315 | £730,533 | £30,218 |
| Property Price € | €850,000 |
| Minimum cost in the last six months | £700,315 |
| Maximum cost in the last six months | £730,533 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £30,218 |
Silves, 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 €850,000 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 |
|---|---|---|---|
| €850,000 | £700,315 | £730,533 | £30,218 |
| Property Price € | €850,000 |
| Minimum cost in the last six months | £700,315 |
| Maximum cost in the last six months | £730,533 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £30,218 |
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 £30,218 more.
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