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Fantastic plot of 8480 m2 located in Quinta das Raposeiras, in the parish of Santa Bárbara de Nexe, in the municipality of Faro
Faro, Faro, Portugal
REF: 889149
€1,500,000
Description
Fantastic plot of 8480 m2 located in Quinta das Raposeiras, in the parish of Santa Bárbara de Nexe, in the municipality of Faro. The land consists of 2 plots for housing, with Plot 1 having a favorable opinion (PIP) for construction of up to 19 dwellings and Plot 2 for a detached house. The total area of the plots is 4743.05 m2, and the maximum total implantation area is 2652 m2, with the possibility of a basement. The plot is located in a quiet area, surrounded by nature and with good access. This is a developing area, where there is increasing demand for new construction, particularly for luxury villas. Quinta das Raposeiras is a high-standard residential area, offering various amenities such as tennis courts, paddle tennis courts, restaurants and other shops and services just a few kilometers away. It is 5 km from Santa Bárbara de Nexe, 10 minutes from São Brás de Alportel and 20 minutes from Faro Airport. For more information or to schedule a visit, please do not hesitate to contact us. #ref: 126353
Fantastic plot of 8480 m2 located in Quinta das Raposeiras, in the parish of Santa Bárbara de Nexe, in the municipality of Faro. The land consists of 2 plots for housing, with Plot 1 having a favorable opinion (PIP) for construction of up to 19 dwellings and Plot 2 for a detached house. The total area of the plots is 4743.05 m2, and the maximum total implantation area is 2652 m2, with the possibility of a basement. The plot is located in a quiet area, surrounded by nature and with good access. This is a developing area, where there is increasing demand for new construction, particularly for luxury villas. Quinta das Raposeiras is a high-standard residential area, offering various amenities such as tennis courts, paddle tennis courts, restaurants and other shops and services just a few kilometers away. It is 5 km from Santa Bárbara de Nexe, 10 minutes from São Brás de Alportel and 20 minutes from Faro Airport. For more information or to schedule a visit, please do not hesitate to contact us. #ref: 126353
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Currency Exchange
Faro, 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 €1,500,000 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 |
|---|---|---|---|
| €1,500,000 | £1,235,850 | £1,289,175 | £53,325 |
| Property Price € | €1,500,000 |
| Minimum cost in the last six months | £1,235,850 |
| Maximum cost in the last six months | £1,289,175 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £53,325 |
Faro, 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 €1,500,000 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 |
|---|---|---|---|
| €1,500,000 | £1,235,850 | £1,289,175 | £53,325 |
| Property Price € | €1,500,000 |
| Minimum cost in the last six months | £1,235,850 |
| Maximum cost in the last six months | £1,289,175 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £53,325 |
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 £53,325 more.
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