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Land with 52 hectares in Alcoutim - Algarve Located less than 5 minutes from the River Beach and the Center of Alcoutim
União das Freguesias de Alcoutim e Pereiro, Faro, Portugal
REF: 895762
€2,100,000
Description
Land with 52 hectares in Alcoutim - Algarve Located less than 5 minutes from the River Beach and the Center of Alcoutim. Next to the Alcoutim Dam. Unique opportunity to acquire a large plot of land suitable for an eco-resort with +/- 100 huts from 2 to 3 beds and support buildings. Possibility of Rural Tourism, Private Resort. The property has two mills. Private lake, water line. Two dilapidated mills and two crumbling water mills on site give the project its name (Cadavais River Mills) and along with ripe holm oaks scattered among dozens of young pinetrees create a charming setting, natural and preserved with some beautiful views. Possibility of 100 sports and leisure houses. A project has evolved into a holistic wellness and leisure retreat, considered the perfect development for this key location. The 128-hectare plot, just 11/2 km into the interior of the town of Alcoutim, has a small lake and is bordered by the Cadavais River, a large reservoir and a newly resurfacing metal road connecting Alcoutim to the small village of Corte t'Abehao. More natural features Alcoutim, considered by many to be the 'jewel of the Algarve', is in an idyllic position along the tides of the Guadiana River, which, in the Algarve, borders Spain. Across the river is the Spanish town of Sanlucar de Guadiana. Both cities are rich in history. Both have castles and berths for ocean yachts. A delightful setting. Location and Communications An excellent road network gives access to the coast, Spain and the north to the Alentejo. Faro International Airport is an hour's drive from this northeastern corner of the Algarve. Make an opinion.
Land with 52 hectares in Alcoutim - Algarve Located less than 5 minutes from the River Beach and the Center of Alcoutim. Next to the Alcoutim Dam. Unique opportunity to acquire a large plot of land suitable for an eco-resort with +/- 100 huts from 2 to 3 beds and support buildings. Possibility of Rural Tourism, Private Resort. The property has two mills. Private lake, water line. Two dilapidated mills and two crumbling water mills on site give the project its name (Cadavais River Mills) and along with ripe holm oaks scattered among dozens of young pinetrees create a charming setting, natural and preserved with some beautiful views. Possibility of 100 sports and leisure houses. A project has evolved into a holistic wellness and leisure retreat, considered the perfect development for this key location. The 128-hectare plot, just 11/2 km into the interior of the town of Alcoutim, has a small lake and is bordered by the Cadavais River, a large reservoir and a newly resurfacing metal road connecting Alcoutim to the small village of Corte t'Abehao. More natural features Alcoutim, considered by many to be the 'jewel of the Algarve', is in an idyllic position along the tides of the Guadiana River, which, in the Algarve, borders Spain. Across the river is the Spanish town of Sanlucar de Guadiana. Both cities are rich in history. Both have castles and berths for ocean yachts. A delightful setting. Location and Communications An excellent road network gives access to the coast, Spain and the north to the Alentejo. Faro International Airport is an hour's drive from this northeastern corner of the Algarve. Make an opinion.
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Currency Exchange
União das Freguesias de Alcoutim e Pereiro, 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 €2,100,000 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 |
|---|---|---|---|
| €2,100,000 | £1,730,190 | £1,804,845 | £74,655 |
| Property Price € | €2,100,000 |
| Minimum cost in the last six months | £1,730,190 |
| Maximum cost in the last six months | £1,804,845 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £74,655 |
União das Freguesias de Alcoutim e Pereiro, 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 €2,100,000 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 |
|---|---|---|---|
| €2,100,000 | £1,730,190 | £1,804,845 | £74,655 |
| Property Price € | €2,100,000 |
| Minimum cost in the last six months | £1,730,190 |
| Maximum cost in the last six months | £1,804,845 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £74,655 |
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 £74,655 more.
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