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Building plot with approved architects project for sale in Praia da Luz, Lagos, Algarve
Lagos, Portugal
REF: 882352
€348,000
Description
Nestled in one of the most established and sought-after residential areas of Luz, this plot of land presents an extraordinary opportunity for anyone looking to build their dream home in one of the Algarve's most desirable locations. The tranquil surroundings of Praia da Luz, with its relaxed atmosphere and stunning coastal views, make it a perfect place to create a home, while being close enough to the amenities of the town for convenience and ease of access. This plot comes with the added advantage of having an approved project in place, which means that the building process can begin almost immediately. With the planning phase already completed, you can skip the time-consuming and sometimes stressful part of securing the necessary permits and documentation. Instead, you can move forward with the construction of your modern villa without delay, allowing you to enjoy your new home in Praia da Luz sooner rather than later. The current pricing of the plot is set at a highly competitive rate, making it an attractive option for those looking for a quick sale. The value offered is exceptional for the area, presenting a rare opportunity to secure land at a price well below the local market value. This is an incredible chance to invest in a location that is known for its natural beauty and high demand, all while building a property that is customized to your specific tastes and needs. Whether you're looking to build a permanent residence or a luxury vacation home, this plot allows you to create something truly special. Whether you are looking to establish a permanent residence in the Algarve or invest in a property that will hold long-term value, this plot is the perfect place to begin your journey. The approved project provides the foundation for creating a modern, stylish villa, while the location ensures that you will be living in one of the most desirable residential areas in the region. Don t let this opportunity pass by take advantage of the favorable pricing, skip the planning phase, and start building the home you've always dreamed of in Praia da Luz.
Nestled in one of the most established and sought-after residential areas of Luz, this plot of land presents an extraordinary opportunity for anyone looking to build their dream home in one of the Algarve's most desirable locations. The tranquil surroundings of Praia da Luz, with its relaxed atmosphere and stunning coastal views, make it a perfect place to create a home, while being close enough to the amenities of the town for convenience and ease of access. This plot comes with the added advantage of having an approved project in place, which means that the building process can begin almost immediately. With the planning phase already completed, you can skip the time-consuming and sometimes stressful part of securing the necessary permits and documentation. Instead, you can move forward with the construction of your modern villa without delay, allowing you to enjoy your new home in Praia da Luz sooner rather than later. The current pricing of the plot is set at a highly competitive rate, making it an attractive option for those looking for a quick sale. The value offered is exceptional for the area, presenting a rare opportunity to secure land at a price well below the local market value. This is an incredible chance to invest in a location that is known for its natural beauty and high demand, all while building a property that is customized to your specific tastes and needs. Whether you're looking to build a permanent residence or a luxury vacation home, this plot allows you to create something truly special. Whether you are looking to establish a permanent residence in the Algarve or invest in a property that will hold long-term value, this plot is the perfect place to begin your journey. The approved project provides the foundation for creating a modern, stylish villa, while the location ensures that you will be living in one of the most desirable residential areas in the region. Don t let this opportunity pass by take advantage of the favorable pricing, skip the planning phase, and start building the home you've always dreamed of in Praia da Luz.
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Currency Exchange
Lagos, 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 €348,000 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 |
|---|---|---|---|
| €348,000 | £286,717 | £295,139 | £8,422 |
| Property Price € | €348,000 |
| Minimum cost in the last six months | £286,717 |
| Maximum cost in the last six months | £295,139 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £8,422 |
Lagos, 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 €348,000 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 |
|---|---|---|---|
| €348,000 | £286,717 | £295,139 | £8,422 |
| Property Price € | €348,000 |
| Minimum cost in the last six months | £286,717 |
| Maximum cost in the last six months | £295,139 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £8,422 |
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 £8,422 more.
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