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Urban Property of 1,799m² with Immense Transformation Potential
Loulé, Faro, Portugal
REF: 870742
€750,000
Description
Urban Property of 1,799m² with Immense Transformation Potential. With Ruina. We present a unique urban property located between Faro and Almancil on the EN125. *(Marked in Yellow.) With a total area of 1,799m², this land consists of a ruined house with an implantation and construction area of 119m². The land includes a beautiful 1,680m² patio, with flat soil, currently in a raw state, but with immense potential for creating a garden, barbecue area and other leisure areas. The property has easy access to public services such as water, basic sanitation and electricity, and is conveniently located next to the EN125, offering proximity to public transport, shopping and food areas. The Mar Shopping shopping area is just a five-minute drive away, and the property is less than 5 minutes from the cities of Loulé and Faro. Gago Coutinho Airport is less than a 10-minute drive away, providing a strategic and practical location. This is the ideal place for those looking to transform a space with business potential. #ref: 125190
Urban Property of 1,799m² with Immense Transformation Potential. With Ruina. We present a unique urban property located between Faro and Almancil on the EN125. *(Marked in Yellow.) With a total area of 1,799m², this land consists of a ruined house with an implantation and construction area of 119m². The land includes a beautiful 1,680m² patio, with flat soil, currently in a raw state, but with immense potential for creating a garden, barbecue area and other leisure areas. The property has easy access to public services such as water, basic sanitation and electricity, and is conveniently located next to the EN125, offering proximity to public transport, shopping and food areas. The Mar Shopping shopping area is just a five-minute drive away, and the property is less than 5 minutes from the cities of Loulé and Faro. Gago Coutinho Airport is less than a 10-minute drive away, providing a strategic and practical location. This is the ideal place for those looking to transform a space with business potential. #ref: 125190
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Currency Exchange
Loulé, 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 €750,000 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 |
|---|---|---|---|
| €750,000 | £621,233 | £644,588 | £23,355 |
| Property Price € | €750,000 |
| Minimum cost in the last six months | £621,233 |
| Maximum cost in the last six months | £644,588 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £23,355 |
Loulé, 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 €750,000 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 |
|---|---|---|---|
| €750,000 | £621,233 | £644,588 | £23,355 |
| Property Price € | €750,000 |
| Minimum cost in the last six months | £621,233 |
| Maximum cost in the last six months | £644,588 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £23,355 |
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 £23,355 more.
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