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Property investment in Algoz Two fantastic plots of land for the construction of 12 one-bedroom flats, with garage included
Silves, Faro, Portugal
REF: 883868
€630,000
Description
Property investment in Algoz Two fantastic plots of land for the construction of 12 one-bedroom flats, with garage included. The building licence has been approved and construction can begin at any time. The construction project has generous areas in the fractions, some of which have two parking areas. Located in the town of Algoz, in an excellent location in the centre of the Algarve. If you are a builder and/or investor, these plots are ideal for an investment with excellent profitability. Ask to see the architectural project. Central location in the Algarve This property enjoys a strategic location, with schools, a pharmacy, specialised shops, a booming industrial area and countryside. Algoz is a Portuguese village located in the union of the parishes of Algoz and Tunes, in the municipality of Silves. The village of Algoz, the seat of the respective parish in the heart of the Algarve's barrocal region, was elevated to the category of town on 12 July 2001. You can't miss the opportunity to buy this 200 m2 property, located just a few minutes from Albufeira and Armação de Pera, with its own access and public transport to and from all the towns in the Algarve. The beaches of S. Rafael, Pedras Amarelas, Galé and Salgados, as well as all the others, are just 12 kilometres away. This is the ideal place to turn your dreams into reality. Choose IAD for Your Real Estate Journey By choosing an IAD consultant, you will benefit from the support of the largest network of independent property consultants in Portugal. IAD is a network of estate agents based on an innovative model that values the close relationship between the estate agent and the client. The success of the IAD group is evident in the thousands of consultants, online adverts and successful transactions. Count on us to make your dream of owning this incredible property in Vila do Algoz a reality. Don't miss out on this unique opportunity! Book your visit now and turn this property into your business or your refuge in the Algarve. Contact us today for more information and to explore this exceptional offer. #ref: 126800
Property investment in Algoz Two fantastic plots of land for the construction of 12 one-bedroom flats, with garage included. The building licence has been approved and construction can begin at any time. The construction project has generous areas in the fractions, some of which have two parking areas. Located in the town of Algoz, in an excellent location in the centre of the Algarve. If you are a builder and/or investor, these plots are ideal for an investment with excellent profitability. Ask to see the architectural project. Central location in the Algarve This property enjoys a strategic location, with schools, a pharmacy, specialised shops, a booming industrial area and countryside. Algoz is a Portuguese village located in the union of the parishes of Algoz and Tunes, in the municipality of Silves. The village of Algoz, the seat of the respective parish in the heart of the Algarve's barrocal region, was elevated to the category of town on 12 July 2001. You can't miss the opportunity to buy this 200 m2 property, located just a few minutes from Albufeira and Armação de Pera, with its own access and public transport to and from all the towns in the Algarve. The beaches of S. Rafael, Pedras Amarelas, Galé and Salgados, as well as all the others, are just 12 kilometres away. This is the ideal place to turn your dreams into reality. Choose IAD for Your Real Estate Journey By choosing an IAD consultant, you will benefit from the support of the largest network of independent property consultants in Portugal. IAD is a network of estate agents based on an innovative model that values the close relationship between the estate agent and the client. The success of the IAD group is evident in the thousands of consultants, online adverts and successful transactions. Count on us to make your dream of owning this incredible property in Vila do Algoz a reality. Don't miss out on this unique opportunity! Book your visit now and turn this property into your business or your refuge in the Algarve. Contact us today for more information and to explore this exceptional offer. #ref: 126800
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Currency Exchange
Silves, 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 €630,000 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 |
|---|---|---|---|
| €630,000 | £528,633 | £543,413 | £14,780 |
| Property Price € | €630,000 |
| Minimum cost in the last six months | £528,633 |
| Maximum cost in the last six months | £543,413 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £14,780 |
Silves, 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 €630,000 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 |
|---|---|---|---|
| €630,000 | £528,633 | £543,413 | £14,780 |
| Property Price € | €630,000 |
| Minimum cost in the last six months | £528,633 |
| Maximum cost in the last six months | £543,413 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £14,780 |
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 £14,780 more.
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