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Urban Plot Near Salema Beach with 500 m² Excellent opportunity to build your dream home near Salema Beach! This plot offers the possibility to construct your dream residence, with enough space to create a house of up to 252 m² spread over three floors, including a basement
Vila do Bispo, Faro, Portugal
REF: 870725
€175,000
Description
Urban Plot Near Salema Beach with 500 m² Excellent opportunity to build your dream home near Salema Beach! This plot offers the possibility to construct your dream residence, with enough space to create a house of up to 252 m² spread over three floors, including a basement. The project also includes 248 m² designated for a garden and pool, perfect for enjoying the Algarve's climate and lifestyle. Located just 5 minutes from the charming Salema Beach. Situated in the picturesque village of Salema, a true haven in the Algarve, this plot benefits from a location that combines tranquility with proximity to essential services. Salema is a fishing village in the parish of Budens, municipality of Vila do Bispo, Algarve, Portugal. The village shows visible traces of its connection to fishing, with winding alleys between traditional white-painted houses. Just minutes from the villages of Figueira and Budens, where you will find everything you need for daily life, this plot is located in a serene and prestigious area of Salema. The village is well connected to the EN125, providing easy access to other parts of the Algarve. Lagos, with its marina, shops, and vibrant nightlife, is just a 15-minute drive away, while Faro Airport is about an hour away, ensuring convenient international travel. Don't miss this opportunity! Schedule your visit now to discover the full potential of this plot! * I speak French, Portuguese, Spanish, and English. * I share 50-50 with all agencies. The reliability of IAD in Portugal, a subsidiary of an international group present in France, Spain, Italy, Germany, the United Kingdom, Mexico, and the United States, guarantees you quality service and a wide range of services to realize your project. #ref: 125198
Urban Plot Near Salema Beach with 500 m² Excellent opportunity to build your dream home near Salema Beach! This plot offers the possibility to construct your dream residence, with enough space to create a house of up to 252 m² spread over three floors, including a basement. The project also includes 248 m² designated for a garden and pool, perfect for enjoying the Algarve's climate and lifestyle. Located just 5 minutes from the charming Salema Beach. Situated in the picturesque village of Salema, a true haven in the Algarve, this plot benefits from a location that combines tranquility with proximity to essential services. Salema is a fishing village in the parish of Budens, municipality of Vila do Bispo, Algarve, Portugal. The village shows visible traces of its connection to fishing, with winding alleys between traditional white-painted houses. Just minutes from the villages of Figueira and Budens, where you will find everything you need for daily life, this plot is located in a serene and prestigious area of Salema. The village is well connected to the EN125, providing easy access to other parts of the Algarve. Lagos, with its marina, shops, and vibrant nightlife, is just a 15-minute drive away, while Faro Airport is about an hour away, ensuring convenient international travel. Don't miss this opportunity! Schedule your visit now to discover the full potential of this plot! * I speak French, Portuguese, Spanish, and English. * I share 50-50 with all agencies. The reliability of IAD in Portugal, a subsidiary of an international group present in France, Spain, Italy, Germany, the United Kingdom, Mexico, and the United States, guarantees you quality service and a wide range of services to realize your project. #ref: 125198
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Currency Exchange
Vila do Bispo, 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 €175,000 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 |
|---|---|---|---|
| €175,000 | £144,954 | £150,404 | £5,450 |
| Property Price € | €175,000 |
| Minimum cost in the last six months | £144,954 |
| Maximum cost in the last six months | £150,404 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £5,450 |
Vila do Bispo, 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 €175,000 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 |
|---|---|---|---|
| €175,000 | £144,954 | £150,404 | £5,450 |
| Property Price € | €175,000 |
| Minimum cost in the last six months | £144,954 |
| Maximum cost in the last six months | £150,404 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £5,450 |
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 £5,450 more.
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