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Urbanizable Land in Faro (Sé and São Pedro) - Cerro do Bruxo We present this excellent plot of land located in the União das Freguesias de Faro (Sé and São Pedro), in Cerro do Bruxo, within a privileged residential area, surrounded by homes, schools, supermarkets, and with easy access to the airport
União das Freguesias de Faro (Sé e São Pedro), Faro, Portugal
REF: 897325
€10,000,000
Description
Urbanizable Land in Faro (Sé and São Pedro) - Cerro do Bruxo We present this excellent plot of land located in the União das Freguesias de Faro (Sé and São Pedro), in Cerro do Bruxo, within a privileged residential area, surrounded by homes, schools, supermarkets, and with easy access to the airport. The land comes with an approved project and Subdivision Operation accepted by the Faro City Council, fully aligned with the Municipal Master Plan (PDM). The PDM classifies the land as an urbanizable expansion area, under Article 61 of the PDM Regulations, reinforcing its potential for construction and urban development. Key features: Total area of 31,120sqm, with 9 plots allowing for the construction of 157 housing units + shops; The project includes public green spaces, infrastructure, leisure areas, and collective facilities such as swimming pools; Building ratio of 60%, equivalent to 18,672sqm of buildable area; Possibility of revising the project to increase the building ratio to 100%, reaching 31,120sqm of buildable area (to be confirmed with the new PDM). This land is ideal for residential, commercial, service or restaurant projects, located in an area undergoing significant urban expansion. Its strategic location, close to shopping centers, hospitals, and the airport, offers an exceptional investment opportunity, with the potential to achieve high returns in the real estate sector. Don't miss this chance to invest in one of the most promising areas of Faro! /n
Urbanizable Land in Faro (Sé and São Pedro) - Cerro do Bruxo We present this excellent plot of land located in the União das Freguesias de Faro (Sé and São Pedro), in Cerro do Bruxo, within a privileged residential area, surrounded by homes, schools, supermarkets, and with easy access to the airport. The land comes with an approved project and Subdivision Operation accepted by the Faro City Council, fully aligned with the Municipal Master Plan (PDM). The PDM classifies the land as an urbanizable expansion area, under Article 61 of the PDM Regulations, reinforcing its potential for construction and urban development. Key features: Total area of 31,120sqm, with 9 plots allowing for the construction of 157 housing units + shops; The project includes public green spaces, infrastructure, leisure areas, and collective facilities such as swimming pools; Building ratio of 60%, equivalent to 18,672sqm of buildable area; Possibility of revising the project to increase the building ratio to 100%, reaching 31,120sqm of buildable area (to be confirmed with the new PDM). This land is ideal for residential, commercial, service or restaurant projects, located in an area undergoing significant urban expansion. Its strategic location, close to shopping centers, hospitals, and the airport, offers an exceptional investment opportunity, with the potential to achieve high returns in the real estate sector. Don't miss this chance to invest in one of the most promising areas of Faro! /n
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Currency Exchange
União das Freguesias de Faro (Sé e São Pedro), 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 €10,000,000 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 |
|---|---|---|---|
| €10,000,000 | £8,283,100 | £8,594,500 | £311,400 |
| Property Price € | €10,000,000 |
| Minimum cost in the last six months | £8,283,100 |
| Maximum cost in the last six months | £8,594,500 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £311,400 |
União das Freguesias de Faro (Sé e São Pedro), 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 €10,000,000 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 |
|---|---|---|---|
| €10,000,000 | £8,283,100 | £8,594,500 | £311,400 |
| Property Price € | €10,000,000 |
| Minimum cost in the last six months | £8,283,100 |
| Maximum cost in the last six months | £8,594,500 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £311,400 |
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 £311,400 more.
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