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Urban land for construction of 3 buildings - Riverside - Olhão
Olhão, Faro, Portugal
REF: 895924
€1,800,000
Description
Urban land for construction of 3 buildings - Riverside - Olhão. Land with 2236sqm, with potential for the construction of buildings with 5 floors above the threshold, located in Olhão, in an area of strong restructuring, about 50m from the marina and 50m from the center, close by all services. This land was viable for the construction of 3 building blocks with a total of 5 floors, Construction Area above ground of 4652sqm, 35 apartments, basement for parking 43 vehicles and several storage rooms, volumetry of 14,343m3. Don't let this opportunity slip away!
Urban land for construction of 3 buildings - Riverside - Olhão. Land with 2236sqm, with potential for the construction of buildings with 5 floors above the threshold, located in Olhão, in an area of strong restructuring, about 50m from the marina and 50m from the center, close by all services. This land was viable for the construction of 3 building blocks with a total of 5 floors, Construction Area above ground of 4652sqm, 35 apartments, basement for parking 43 vehicles and several storage rooms, volumetry of 14,343m3. Don't let this opportunity slip away!
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Currency Exchange
Olhão, 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 €1,800,000 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 |
|---|---|---|---|
| €1,800,000 | £1,490,958 | £1,547,010 | £56,052 |
| Property Price € | €1,800,000 |
| Minimum cost in the last six months | £1,490,958 |
| Maximum cost in the last six months | £1,547,010 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £56,052 |
Olhão, 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 €1,800,000 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 |
|---|---|---|---|
| €1,800,000 | £1,490,958 | £1,547,010 | £56,052 |
| Property Price € | €1,800,000 |
| Minimum cost in the last six months | £1,490,958 |
| Maximum cost in the last six months | £1,547,010 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £56,052 |
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 £56,052 more.
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