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Building plot with approved project by renowned architect for sale close to centre of Luz, Algarve
Lagos, Portugal
REF: 887842
€360,000
Description
Located in a prestigious and rapidly developing area on Monte Lemos, just moments away from the heart of Praia da Luz, this well-positioned plot presents a unique opportunity to build a stylish and modern villa tailored to your tastes. The proposed villa design strikes a balance between elegance and simplicity, offering all the comfort, functionality, and aesthetics expected from a contemporary home. One of the standout features of this property is its readiness for construction. With all necessary approvals already in place, building can commence immediately, allowing you to bring your vision to life in a remarkably short time. Whether you're planning to create your dream home or a lucrative rental property, this plot offers a significant head start, saving you the lengthy planning and approval process. Situated within an easy walking distance of Praia da Luz s beautiful beach, the villa will also enjoy proximity to the town's vibrant center. Here, you ll find an array of restaurants, cafes, shops, and other amenities, making it perfect for those who want to combine coastal tranquility with modern conveniences. The surrounding area is known for its picturesque landscapes, mild climate, and exceptional quality of life, making it a sought-after destination for homeowners and investors alike. In addition to its prime location and architectural promise, the plot is competitively priced below market value, making it an attractive option for both private buyers and investors. The opportunity to build a modern villa with your own personal touches ensures that this property can meet your exact needs and preferences, creating a bespoke living space that truly feels like home. Whether you are seeking a permanent residence, a holiday retreat, or a high-yield rental investment, this property ticks all the boxes. The combination of modern architecture, a convenient location, and significant growth potential makes it an ideal choice for discerning buyers. Don t miss the chance to secure your place in this exclusive development and make your dream of contemporary coastal living a reality.
Located in a prestigious and rapidly developing area on Monte Lemos, just moments away from the heart of Praia da Luz, this well-positioned plot presents a unique opportunity to build a stylish and modern villa tailored to your tastes. The proposed villa design strikes a balance between elegance and simplicity, offering all the comfort, functionality, and aesthetics expected from a contemporary home. One of the standout features of this property is its readiness for construction. With all necessary approvals already in place, building can commence immediately, allowing you to bring your vision to life in a remarkably short time. Whether you're planning to create your dream home or a lucrative rental property, this plot offers a significant head start, saving you the lengthy planning and approval process. Situated within an easy walking distance of Praia da Luz s beautiful beach, the villa will also enjoy proximity to the town's vibrant center. Here, you ll find an array of restaurants, cafes, shops, and other amenities, making it perfect for those who want to combine coastal tranquility with modern conveniences. The surrounding area is known for its picturesque landscapes, mild climate, and exceptional quality of life, making it a sought-after destination for homeowners and investors alike. In addition to its prime location and architectural promise, the plot is competitively priced below market value, making it an attractive option for both private buyers and investors. The opportunity to build a modern villa with your own personal touches ensures that this property can meet your exact needs and preferences, creating a bespoke living space that truly feels like home. Whether you are seeking a permanent residence, a holiday retreat, or a high-yield rental investment, this property ticks all the boxes. The combination of modern architecture, a convenient location, and significant growth potential makes it an ideal choice for discerning buyers. Don t miss the chance to secure your place in this exclusive development and make your dream of contemporary coastal living a reality.
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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 €360,000 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 |
|---|---|---|---|
| €360,000 | £296,604 | £305,316 | £8,712 |
| Property Price € | €360,000 |
| Minimum cost in the last six months | £296,604 |
| Maximum cost in the last six months | £305,316 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £8,712 |
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 €360,000 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 |
|---|---|---|---|
| €360,000 | £296,604 | £305,316 | £8,712 |
| Property Price € | €360,000 |
| Minimum cost in the last six months | £296,604 |
| Maximum cost in the last six months | £305,316 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £8,712 |
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 £8,712 more.
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