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This plot of land seems to be an excellent opportunity for those looking to build a luxury villa in a privileged area of the Algarve
Loulé, Faro, Portugal
REF: 876866
€495,000
Description
This plot of land seems to be an excellent opportunity for those looking to build a luxury villa in a privileged area of the Algarve. With the project already approved by the Loulé City Council, it is ready to move forward with the construction of a 5-bedroom villa on a 11167m2 plot, where you can let your imagination run wild. Villa with 5 suites, distributed between first floor (RC) and basement. The implantation area of around 300 m² offers generous space, while the total construction area of approximately 450 m² guarantees plenty of room for a spacious and comfortable design. The location near Vilamoura, known for its beaches, golf courses and marina, adds even more value, offering a combination of tranquillity and proximity to all the region's services and amenities. Useful area Ground floor : Porch 28,07m2 Storage 3,88m2 Entrance / Circulation 16,37m2 Closet / Circulation 2,74m2 Circulation 12,00m2 Sanitary installation 3,19m2 Kitchen / Living Room 60,99m2 Bedroom 12,34m2 Circulation 12,67m2 Closet / Circulation 2,74m2 Social Bathroom 2,73m2 Sanitary Installation 3,19m2 Bedroom 12,34m2 Closet / Circulation 2,74m2 Sanitary installation 3,19m2 Bedroom 12,34m2 Closet 8,22m2 Sanitary installation 9,65m2 Outdoor patio 2,20m2 Bedroom 16,65m2 Storage room 25,39m2 Useful Area Basement : Multipurpose space 121,91m2 Laundry room 10,83m2 Sanitary installation 2,66m2 Circulation 5,07m2 Closet / Circulation 2,75m2 Sanitary installation 3,19m2 Bedroom 13,36m2 Machine room / technical area 62,90m2 If you need more information or would like to discuss specific details of the project, I'm happy to help! #ref: 125827
This plot of land seems to be an excellent opportunity for those looking to build a luxury villa in a privileged area of the Algarve. With the project already approved by the Loulé City Council, it is ready to move forward with the construction of a 5-bedroom villa on a 11167m2 plot, where you can let your imagination run wild. Villa with 5 suites, distributed between first floor (RC) and basement. The implantation area of around 300 m² offers generous space, while the total construction area of approximately 450 m² guarantees plenty of room for a spacious and comfortable design. The location near Vilamoura, known for its beaches, golf courses and marina, adds even more value, offering a combination of tranquillity and proximity to all the region's services and amenities. Useful area Ground floor : Porch 28,07m2 Storage 3,88m2 Entrance / Circulation 16,37m2 Closet / Circulation 2,74m2 Circulation 12,00m2 Sanitary installation 3,19m2 Kitchen / Living Room 60,99m2 Bedroom 12,34m2 Circulation 12,67m2 Closet / Circulation 2,74m2 Social Bathroom 2,73m2 Sanitary Installation 3,19m2 Bedroom 12,34m2 Closet / Circulation 2,74m2 Sanitary installation 3,19m2 Bedroom 12,34m2 Closet 8,22m2 Sanitary installation 9,65m2 Outdoor patio 2,20m2 Bedroom 16,65m2 Storage room 25,39m2 Useful Area Basement : Multipurpose space 121,91m2 Laundry room 10,83m2 Sanitary installation 2,66m2 Circulation 5,07m2 Closet / Circulation 2,75m2 Sanitary installation 3,19m2 Bedroom 13,36m2 Machine room / technical area 62,90m2 If you need more information or would like to discuss specific details of the project, I'm happy to help! #ref: 125827
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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 €495,000 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 |
|---|---|---|---|
| €495,000 | £411,781 | £426,007 | £14,226 |
| Property Price € | €495,000 |
| Minimum cost in the last six months | £411,781 |
| Maximum cost in the last six months | £426,007 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £14,226 |
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 €495,000 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 |
|---|---|---|---|
| €495,000 | £411,781 | £426,007 | £14,226 |
| Property Price € | €495,000 |
| Minimum cost in the last six months | £411,781 |
| Maximum cost in the last six months | £426,007 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £14,226 |
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 £14,226 more.
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