Search
Urban land for construction of multifamily building Based on the PDM in force, it is possible to build a multi-family building with 3 floors
Santa Luzia, Faro, Portugal
REF: 896008
€500,000
Description
Urban land for construction of multifamily building Based on the PDM in force, it is possible to build a multi-family building with 3 floors. There is also the possibility of building a basement. Deployment Area of 321.5sqm Gross construction area of 964.5sqm. The plot is located a few minutes walk from the coastal avenue in front of the Ria Formosa, services, leisure areas and all the typical restaurants that the village has. Excellent investment opportunity. About the village of Santa Luzia Of a fishing nature, this parish also lives off its commitment to tourism, with quality accommodation, restaurants and beaches. Designated as the 'capital of the octopus', Santa Luzia offers all its visitors true moments of harmony and well-being. Enjoy the life of this village and the fishing gear that coexist in an environment in harmony with tourism and the hospitality of the people of Santa Luzia. Casas do Sotavento is a family business, recognized at home and abroad by customers, employees, investors, for the quality of our actions and projects. Our mission is to provide an easy and smooth experience. Our concern is to treat everyone as we would like to be treated.
Urban land for construction of multifamily building Based on the PDM in force, it is possible to build a multi-family building with 3 floors. There is also the possibility of building a basement. Deployment Area of 321.5sqm Gross construction area of 964.5sqm. The plot is located a few minutes walk from the coastal avenue in front of the Ria Formosa, services, leisure areas and all the typical restaurants that the village has. Excellent investment opportunity. About the village of Santa Luzia Of a fishing nature, this parish also lives off its commitment to tourism, with quality accommodation, restaurants and beaches. Designated as the 'capital of the octopus', Santa Luzia offers all its visitors true moments of harmony and well-being. Enjoy the life of this village and the fishing gear that coexist in an environment in harmony with tourism and the hospitality of the people of Santa Luzia. Casas do Sotavento is a family business, recognized at home and abroad by customers, employees, investors, for the quality of our actions and projects. Our mission is to provide an easy and smooth experience. Our concern is to treat everyone as we would like to be treated.
Read More
Property on Map
Currency Exchange
Santa Luzia, 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 €500,000 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 |
|---|---|---|---|
| €500,000 | £414,155 | £429,725 | £15,570 |
| Property Price € | €500,000 |
| Minimum cost in the last six months | £414,155 |
| Maximum cost in the last six months | £429,725 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £15,570 |
Santa Luzia, 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 €500,000 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 |
|---|---|---|---|
| €500,000 | £414,155 | £429,725 | £15,570 |
| Property Price € | €500,000 |
| Minimum cost in the last six months | £414,155 |
| Maximum cost in the last six months | £429,725 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £15,570 |
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 £15,570 more.
Search popular regions
Useful links
Hi {{firstName}},
Enquire about this property
Make an Enquiry on this property
No Yes
No Yes
I agree to be connected with a trusted property agent who will receive
these details.
We handle your data with care and only ever as outlined in our
Privacy Policy
Thank you for your
enquiry!
Our partner agent will be in touch with you shortly.
Our partner agent will be in touch with you shortly.
Enquire about this property
No
Yes
No
Yes
I agree to be connected with the property agent for more detail on this
listing.
We handle your data with care and only ever as outlined in our
Privacy Policy
