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Property with enormous potential and wonderful sea views, located in a very quiet area on the outskirts of Olhão
Quelfes, Faro, Portugal
REF: 896176
€600,000
Description
Property with enormous potential and wonderful sea views, located in a very quiet area on the outskirts of Olhão. The property consists of 4 urban articles and one rustic article, with a total of 23720sqm It is sold with a project to build a 3-bedroom villa with 250sqm and a swimming pool and is feasible to build a further 600sqm for local accommodation. The land is completely fenced with a stone wall and has a licensed borehole. This is a great investment, whether for accommodation or permanent housing. This could be the investment you've been looking for! Contact us for more information! Casas do Sotavento is a prestigious family company that stands out for the high quality standards of its products and projects. Recognized both in Portugal and abroad, the company's mission is to provide an easy and smooth experience for its customers, employees and investors. Casas do Sotavento's commitment is to treat everyone with the same respect and attention that we would like to receive. This is reflected in all stages of the purchasing process, from choosing the property to final delivery. Furthermore, the company is concerned with maintaining a high level of transparency and honesty in all its interactions. If you are looking for a reliable and experienced company to help you find the property of your dreams, Casas do Sotavento is the right choice. Contact us today to learn more about our products and services.
Property with enormous potential and wonderful sea views, located in a very quiet area on the outskirts of Olhão. The property consists of 4 urban articles and one rustic article, with a total of 23720sqm It is sold with a project to build a 3-bedroom villa with 250sqm and a swimming pool and is feasible to build a further 600sqm for local accommodation. The land is completely fenced with a stone wall and has a licensed borehole. This is a great investment, whether for accommodation or permanent housing. This could be the investment you've been looking for! Contact us for more information! Casas do Sotavento is a prestigious family company that stands out for the high quality standards of its products and projects. Recognized both in Portugal and abroad, the company's mission is to provide an easy and smooth experience for its customers, employees and investors. Casas do Sotavento's commitment is to treat everyone with the same respect and attention that we would like to receive. This is reflected in all stages of the purchasing process, from choosing the property to final delivery. Furthermore, the company is concerned with maintaining a high level of transparency and honesty in all its interactions. If you are looking for a reliable and experienced company to help you find the property of your dreams, Casas do Sotavento is the right choice. Contact us today to learn more about our products and services.
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Currency Exchange
Quelfes, 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 €600,000 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 |
|---|---|---|---|
| €600,000 | £499,128 | £516,372 | £17,244 |
| Property Price € | €600,000 |
| Minimum cost in the last six months | £499,128 |
| Maximum cost in the last six months | £516,372 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £17,244 |
Quelfes, 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 €600,000 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 |
|---|---|---|---|
| €600,000 | £499,128 | £516,372 | £17,244 |
| Property Price € | €600,000 |
| Minimum cost in the last six months | £499,128 |
| Maximum cost in the last six months | £516,372 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £17,244 |
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 £17,244 more.
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