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Building plots with sea views for sale in Praia da Luz, Algarve
Lagos, Portugal
REF: 891675
€1,350,000
Description
For those dreaming of a contemporary design villa with breathtaking sea views and walking distance to the beach, center, and all amenities, this opportunity is one not to be missed. Located in the prestigious Monte Lemos hills overlooking Praia da Luz, this brand-new development consists of five exclusive plots, each offering the chance to create a Mario Martins-designed villa with 180 sea views. This rare offering combines modern architecture with a prime location, providing the perfect setting for luxury living. Whether you re seeking a primary residence, a holiday home, or an investment, these plots cater to a variety of preferences and budgets, ensuring there is something for everyone. Plot Details: Plot 1: This expansive plot of 1,705 m has permission for the construction of a 5-bedroom villa with a generous building area of 480 m . This plot can be expanded with an adjacent 17,000 m parcel of rustic land for those desiring even more space. Price: 1,125,000 Plot 2: The largest plot in the development, offering 2,100 m , with permission to build a 5-bedroom villa featuring a 555 m construction area. The project is already in place, allowing construction to commence almost immediately. This plot also has the option to include a 17,000 m parcel of rustic land. Price: 1,350,000 Plots 3 and 4: These plots, measuring 1,135 m and 1,165 m respectively, are exceptional value for those seeking a modern home in this coveted location. Each plot includes plans for a 4 bedroom villa with a construction area of 360 m . Price: 800,000 each Plot 5: The most compact of the plots, at 995 m , offers a building allowance for a 4-bedroom villa with a total area of 360 m . Price: 750,000 Each plot is situated to maximize sea views and offers the opportunity to live in a peaceful yet accessible area, with Praia da Luz's vibrant center and beach just a short walk away. Whether you re envisioning a spacious family villa or a sleek, modern retreat, these plots provide the perfect foundation for your aspirations.
For those dreaming of a contemporary design villa with breathtaking sea views and walking distance to the beach, center, and all amenities, this opportunity is one not to be missed. Located in the prestigious Monte Lemos hills overlooking Praia da Luz, this brand-new development consists of five exclusive plots, each offering the chance to create a Mario Martins-designed villa with 180 sea views. This rare offering combines modern architecture with a prime location, providing the perfect setting for luxury living. Whether you re seeking a primary residence, a holiday home, or an investment, these plots cater to a variety of preferences and budgets, ensuring there is something for everyone. Plot Details: Plot 1: This expansive plot of 1,705 m has permission for the construction of a 5-bedroom villa with a generous building area of 480 m . This plot can be expanded with an adjacent 17,000 m parcel of rustic land for those desiring even more space. Price: 1,125,000 Plot 2: The largest plot in the development, offering 2,100 m , with permission to build a 5-bedroom villa featuring a 555 m construction area. The project is already in place, allowing construction to commence almost immediately. This plot also has the option to include a 17,000 m parcel of rustic land. Price: 1,350,000 Plots 3 and 4: These plots, measuring 1,135 m and 1,165 m respectively, are exceptional value for those seeking a modern home in this coveted location. Each plot includes plans for a 4 bedroom villa with a construction area of 360 m . Price: 800,000 each Plot 5: The most compact of the plots, at 995 m , offers a building allowance for a 4-bedroom villa with a total area of 360 m . Price: 750,000 Each plot is situated to maximize sea views and offers the opportunity to live in a peaceful yet accessible area, with Praia da Luz's vibrant center and beach just a short walk away. Whether you re envisioning a spacious family villa or a sleek, modern retreat, these plots provide the perfect foundation for your aspirations.
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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 €1,350,000 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 |
|---|---|---|---|
| €1,350,000 | £1,112,265 | £1,142,222 | £29,957 |
| Property Price € | €1,350,000 |
| Minimum cost in the last six months | £1,112,265 |
| Maximum cost in the last six months | £1,142,222 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £29,957 |
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 €1,350,000 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 |
|---|---|---|---|
| €1,350,000 | £1,112,265 | £1,142,222 | £29,957 |
| Property Price € | €1,350,000 |
| Minimum cost in the last six months | £1,112,265 |
| Maximum cost in the last six months | £1,142,222 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £29,957 |
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 £29,957 more.
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