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Urban Land Plot for Building Construction in Lagos We present an excellent urban land plot with a total area of 1169sqm, located in a new urbanization equipped with all necessary infrastructures
São Gonçalo de Lagos, Faro, Portugal
REF: 896312
€900,000
Description
Urban Land Plot for Building Construction in Lagos We present an excellent urban land plot with a total area of 1169sqm, located in a new urbanization equipped with all necessary infrastructures. This plot is ideal for constructing a building with 9 apartments, offering a unique investment opportunity. Project Details: Total land area: 1169sqm Construction area: 900sqm Implantation area: 920sqm Building configuration: 2 floors above ground level and 2 floors + basement below ground level Apartment types: 5 two-bedroom apartments (T2) and 4 three-bedroom apartments (T3) Parking: 11 private parking spaces and ground level at 23.7 The construction area does not include basements, garages, exterior covers, pools, and respective technical compartments Additionally, there are 40 public parking spaces for the urbanization Location: The plot is situated in a privileged area, in an elevated position, offering stunning views of Lagos Marina, the city, and the sea. This location not only provides an excellent quality of life but also ensures future appreciation of the investment. Energy Category: Exempt Don't miss this opportunity to invest in a high-potential project in one of the most sought-after areas of Lagos. For more information or to schedule a visit, please contact us.
Urban Land Plot for Building Construction in Lagos We present an excellent urban land plot with a total area of 1169sqm, located in a new urbanization equipped with all necessary infrastructures. This plot is ideal for constructing a building with 9 apartments, offering a unique investment opportunity. Project Details: Total land area: 1169sqm Construction area: 900sqm Implantation area: 920sqm Building configuration: 2 floors above ground level and 2 floors + basement below ground level Apartment types: 5 two-bedroom apartments (T2) and 4 three-bedroom apartments (T3) Parking: 11 private parking spaces and ground level at 23.7 The construction area does not include basements, garages, exterior covers, pools, and respective technical compartments Additionally, there are 40 public parking spaces for the urbanization Location: The plot is situated in a privileged area, in an elevated position, offering stunning views of Lagos Marina, the city, and the sea. This location not only provides an excellent quality of life but also ensures future appreciation of the investment. Energy Category: Exempt Don't miss this opportunity to invest in a high-potential project in one of the most sought-after areas of Lagos. For more information or to schedule a visit, please contact us.
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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 €900,000 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 |
|---|---|---|---|
| €900,000 | £745,479 | £773,505 | £28,026 |
| Property Price € | €900,000 |
| Minimum cost in the last six months | £745,479 |
| Maximum cost in the last six months | £773,505 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £28,026 |
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 €900,000 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 |
|---|---|---|---|
| €900,000 | £745,479 | £773,505 | £28,026 |
| Property Price € | €900,000 |
| Minimum cost in the last six months | £745,479 |
| Maximum cost in the last six months | £773,505 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £28,026 |
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 £28,026 more.
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