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Plots with sea views and architects projects for sale in Praia da Luz, Algarve
Lagos, Portugal
REF: 891674
€800,000
Description
For those longing for that contemporary design villa with sea views and walking distance to the beach, centre and all amenities, this is an oportunity to not be missed. Located in the desirable and exclusive heights of the Monte Lemos hills, overlooking Praia da Luz, this brand new development of five plots, offers the opportunity to have a Mario Martins villa design, with 180 sea views, walking distance to the beach and centre of Luz. The plots vary in size and building allowance, and of course price, meeting different requirements. Lote 1 Is a large plot with 1705m2, has permission to build a 5 bedroom villa with a construction area of 480 m2. This plot can be joined by a large parcel (17 000m2) of rustic land, if required. Price: 1 125 000,00 Eur Lote 2 is the largest plot, with 2100m2, has permission for a 5 bedroom bedroom villa with a construction area of 555m2. There is already a project in place, so construction can start almost immediately. This plot can be joined by a large parcel (17 000m2) of rustic land, if required. Price: 1 350 000,00 Eur Lote 3 (1135m2) and lote 4 (1,165m2) are excellent value plots , with projects in place for a 360m2 four bedroom villas Price: 800 000,00 Eur Lote 5 has 995m2 and a building allowance for a four bedroom villa with 360m2. Price: 750 000 Eur
For those longing for that contemporary design villa with sea views and walking distance to the beach, centre and all amenities, this is an oportunity to not be missed. Located in the desirable and exclusive heights of the Monte Lemos hills, overlooking Praia da Luz, this brand new development of five plots, offers the opportunity to have a Mario Martins villa design, with 180 sea views, walking distance to the beach and centre of Luz. The plots vary in size and building allowance, and of course price, meeting different requirements. Lote 1 Is a large plot with 1705m2, has permission to build a 5 bedroom villa with a construction area of 480 m2. This plot can be joined by a large parcel (17 000m2) of rustic land, if required. Price: 1 125 000,00 Eur Lote 2 is the largest plot, with 2100m2, has permission for a 5 bedroom bedroom villa with a construction area of 555m2. There is already a project in place, so construction can start almost immediately. This plot can be joined by a large parcel (17 000m2) of rustic land, if required. Price: 1 350 000,00 Eur Lote 3 (1135m2) and lote 4 (1,165m2) are excellent value plots , with projects in place for a 360m2 four bedroom villas Price: 800 000,00 Eur Lote 5 has 995m2 and a building allowance for a four bedroom villa with 360m2. Price: 750 000 Eur
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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 €800,000 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 |
|---|---|---|---|
| €800,000 | £662,648 | £687,560 | £24,912 |
| Property Price € | €800,000 |
| Minimum cost in the last six months | £662,648 |
| Maximum cost in the last six months | £687,560 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £24,912 |
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 €800,000 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 |
|---|---|---|---|
| €800,000 | £662,648 | £687,560 | £24,912 |
| Property Price € | €800,000 |
| Minimum cost in the last six months | £662,648 |
| Maximum cost in the last six months | £687,560 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £24,912 |
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 £24,912 more.
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