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Fantastic Land Plot of 40,396sqm, with 2 ruins allowing for the construction of 300sqm + 102sqm
São Gonçalo de Lagos, Faro, Portugal
REF: 896159
€4,000,000
Description
Fantastic Land Plot of 40,396sqm, with 2 ruins allowing for the construction of 300sqm + 102sqm. Approved project for the construction of two houses, each with 10,000sqm of land. With approved planning permission for basement and mezzanine construction in both houses. There is also the possibility to purchase the houses separately, priced at 2 million and 1 million respectively. Located between the famous D. Ana and Camilo Beaches, with almost direct access. A dream location for building a true seaside palace. Fantastic position between the Atlantic Ocean and the city center of Lagos. The land is situated in Quinta da Torralta, Ponta da Piedade, in Lagos. First line/Cliffside. Access to beaches of natural and wild beauty of inestimable value, exclusively positioned in a 'GREEN ZONE'. Fantastic view over the immensity of the Atlantic Ocean, Meia Praia, Alvor Bay, Portimão, Ferragudo, Carvoeiro, and even Faro! Only 2 minutes from the Historic Center of Lagos and traditional commerce. 15 minutes from the Algarve International Circuit. 40 minutes from Faro Airport. And 4km from Golf Courses. Casas do Sotavento Real Estate was founded in 2000 with the aim of being the national real estate agency with its own stores and a reference in the eastern Algarve region. At Casas do Sotavento, we put ourselves in the buyer's shoes and treat them as we would like to be treated, with a friendly and secure service.
Fantastic Land Plot of 40,396sqm, with 2 ruins allowing for the construction of 300sqm + 102sqm. Approved project for the construction of two houses, each with 10,000sqm of land. With approved planning permission for basement and mezzanine construction in both houses. There is also the possibility to purchase the houses separately, priced at 2 million and 1 million respectively. Located between the famous D. Ana and Camilo Beaches, with almost direct access. A dream location for building a true seaside palace. Fantastic position between the Atlantic Ocean and the city center of Lagos. The land is situated in Quinta da Torralta, Ponta da Piedade, in Lagos. First line/Cliffside. Access to beaches of natural and wild beauty of inestimable value, exclusively positioned in a 'GREEN ZONE'. Fantastic view over the immensity of the Atlantic Ocean, Meia Praia, Alvor Bay, Portimão, Ferragudo, Carvoeiro, and even Faro! Only 2 minutes from the Historic Center of Lagos and traditional commerce. 15 minutes from the Algarve International Circuit. 40 minutes from Faro Airport. And 4km from Golf Courses. Casas do Sotavento Real Estate was founded in 2000 with the aim of being the national real estate agency with its own stores and a reference in the eastern Algarve region. At Casas do Sotavento, we put ourselves in the buyer's shoes and treat them as we would like to be treated, with a friendly and secure service.
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Currency Exchange
São Gonçalo de Lagos, 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 €4,000,000 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 |
|---|---|---|---|
| €4,000,000 | £3,295,600 | £3,472,360 | £176,760 |
| Property Price € | €4,000,000 |
| Minimum cost in the last six months | £3,295,600 |
| Maximum cost in the last six months | £3,472,360 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £176,760 |
São Gonçalo de Lagos, 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 €4,000,000 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 |
|---|---|---|---|
| €4,000,000 | £3,295,600 | £3,472,360 | £176,760 |
| Property Price € | €4,000,000 |
| Minimum cost in the last six months | £3,295,600 |
| Maximum cost in the last six months | £3,472,360 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £176,760 |
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 £176,760 more.
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