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Excellent Business Opportunity: 23332sqm Land with Building Potential for 61 Apartments in Ferreiras, Albufeira! Looking for a promising investment? We present a plot of land with potential for a standout residential development! With a generous area of 23332sqm, this land is authorized for the cons
Ferreiras, Faro, Portugal
REF: 895956
€2,000,000
Description
Excellent Business Opportunity: 23332sqm Land with Building Potential for 61 Apartments in Ferreiras, Albufeira! Looking for a promising investment? We present a plot of land with potential for a standout residential development! With a generous area of 23332sqm, this land is authorized for the construction of 61 apartments, comprising 24 T2 units and 37 T1 units, along with offering 89 parking spaces. With a total construction area of 6249sqm, this project will provide an excellent opportunity for return on investment. Located in the picturesque village of Ferreiras, in Albufeira, this land stands out for its strategic location, offering easy access to all local amenities and services. Moreover, its proximity to the renowned beaches of the region and the main tourist attractions of Albufeira makes it a highly attractive location for potential residents and investors. This is the perfect time to seize this unique opportunity to participate in a large-scale construction project in one of the most coveted areas of the Algarve. Don't miss the chance to stand out in the real estate market! Contact us today for more information and to schedule a visit to the site.
Excellent Business Opportunity: 23332sqm Land with Building Potential for 61 Apartments in Ferreiras, Albufeira! Looking for a promising investment? We present a plot of land with potential for a standout residential development! With a generous area of 23332sqm, this land is authorized for the construction of 61 apartments, comprising 24 T2 units and 37 T1 units, along with offering 89 parking spaces. With a total construction area of 6249sqm, this project will provide an excellent opportunity for return on investment. Located in the picturesque village of Ferreiras, in Albufeira, this land stands out for its strategic location, offering easy access to all local amenities and services. Moreover, its proximity to the renowned beaches of the region and the main tourist attractions of Albufeira makes it a highly attractive location for potential residents and investors. This is the perfect time to seize this unique opportunity to participate in a large-scale construction project in one of the most coveted areas of the Algarve. Don't miss the chance to stand out in the real estate market! Contact us today for more information and to schedule a visit to the site.
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Currency Exchange
Ferreiras, 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 €2,000,000 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 |
|---|---|---|---|
| €2,000,000 | £1,656,620 | £1,718,900 | £62,280 |
| Property Price € | €2,000,000 |
| Minimum cost in the last six months | £1,656,620 |
| Maximum cost in the last six months | £1,718,900 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £62,280 |
Ferreiras, 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 €2,000,000 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 |
|---|---|---|---|
| €2,000,000 | £1,656,620 | £1,718,900 | £62,280 |
| Property Price € | €2,000,000 |
| Minimum cost in the last six months | £1,656,620 |
| Maximum cost in the last six months | £1,718,900 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £62,280 |
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 £62,280 more.
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