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Plot of land for the construction of a detached house of maximum typology T5, with 2 floors and basement (construction of approximately 500sqm authorized)
Vila Nova de Cacela, Faro, Portugal
REF: 896113
€640,000
Description
Plot of land for the construction of a detached house of maximum typology T5, with 2 floors and basement (construction of approximately 500sqm authorized). This plot with an area of 2983sqm is located in the Monte Nicklaus Urbanization in the famous Monte Rei Golf resort, in the authentic Eastern Algarve. Monte Rei has around 400 hectares of picturesque landscapes with views of the countryside and the sea. Monte Rei has consecutively been considered the best course in Portugal since its opening. With the North Golf Course already recognized as the best golf course in Portugal, Monte Rei is now preparing to build the 18-hole South Golf Course, which will be located next to the Monte Nicklaus Urbanization, also designed by Jack Nicklaus, thus cementing its position as a golf destination of choice in Europe. From Plot 9 you can reach any of the fantastic beaches in this part of the Algarve in just a few minutes by car, be it Monte Gordo, Praia Verde, Manta Rôta or Fábrica beach in Cacela Velha, a special and magical place where the Ria Formosa Natural Park ends... or begins. Monte Nicklaus/Monte Rei is a unique place to live and relax, where well-being and a balanced lifestyle are taken into account in every aspect of the resort - a true oasis of tranquillity, a private and safe haven to live in communion with nature. This plot of land is being sold with the offer of the architectural project.
Plot of land for the construction of a detached house of maximum typology T5, with 2 floors and basement (construction of approximately 500sqm authorized). This plot with an area of 2983sqm is located in the Monte Nicklaus Urbanization in the famous Monte Rei Golf resort, in the authentic Eastern Algarve. Monte Rei has around 400 hectares of picturesque landscapes with views of the countryside and the sea. Monte Rei has consecutively been considered the best course in Portugal since its opening. With the North Golf Course already recognized as the best golf course in Portugal, Monte Rei is now preparing to build the 18-hole South Golf Course, which will be located next to the Monte Nicklaus Urbanization, also designed by Jack Nicklaus, thus cementing its position as a golf destination of choice in Europe. From Plot 9 you can reach any of the fantastic beaches in this part of the Algarve in just a few minutes by car, be it Monte Gordo, Praia Verde, Manta Rôta or Fábrica beach in Cacela Velha, a special and magical place where the Ria Formosa Natural Park ends... or begins. Monte Nicklaus/Monte Rei is a unique place to live and relax, where well-being and a balanced lifestyle are taken into account in every aspect of the resort - a true oasis of tranquillity, a private and safe haven to live in communion with nature. This plot of land is being sold with the offer of the architectural project.
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Currency Exchange
Vila Nova de Cacela, 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 €640,000 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 |
|---|---|---|---|
| €640,000 | £530,118 | £550,048 | £19,930 |
| Property Price € | €640,000 |
| Minimum cost in the last six months | £530,118 |
| Maximum cost in the last six months | £550,048 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £19,930 |
Vila Nova de Cacela, 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 €640,000 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 |
|---|---|---|---|
| €640,000 | £530,118 | £550,048 | £19,930 |
| Property Price € | €640,000 |
| Minimum cost in the last six months | £530,118 |
| Maximum cost in the last six months | £550,048 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £19,930 |
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 £19,930 more.
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