Plot of land next to several golf courses with approved project in Vilamoura, Algarve

Loulé, Faro, Portugal, 8125-001

For Sale

€1,160,000

REF: 878604 €1,160,000


Description

Plot of land next to several golf courses with approved project, 5kms from the Marina. Prime area of Vilamoura. Plot of land next to several golf courses 5kms from Vilamoura Marina. With a total area of 2,000 sq,m. and approved project for the construction of a 4-bedroom house with a swimming pool. Prime area of Vilamoura close to the international school and next to several golf courses. Good sun exposure. Excellent investment opportunity. AlgarvePropety.com - AMI: 2196 - T.: 00351 289310310
Plot of land next to several golf courses with approved project, 5kms from the Marina. Prime area of Vilamoura. Plot of land next to several golf courses 5kms from Vilamoura Marina. With a total area of 2,000 sq,m. and approved project for the construction of a 4-bedroom house with a swimming pool. Prime area of Vilamoura close to the international school and next to several golf courses. Good sun exposure. Excellent investment opportunity. AlgarvePropety.com - AMI: 2196 - T.: 00351 289310310
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Property on Map

#TC248095A

Currency Exchange

Loulé, Faro, Portugal, 8125-001

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 €1,160,000 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
€1,160,000 £964,981 £998,319 £33,338
Property Price € €1,160,000
Minimum cost in the last six months £964,981
Maximum cost in the last six months £998,319
Fluctuating exchange rates over the last six months could have increased the cost of this property by £33,338

Loulé, Faro, Portugal, 8125-001

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 €1,160,000 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
€1,160,000 £964,981 £998,319 £33,338
Property Price € €1,160,000
Minimum cost in the last six months £964,981
Maximum cost in the last six months £998,319
Fluctuating exchange rates over the last six months could have increased the cost of this property by £33,338

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 £33,338 more.

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