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OLHÃO - BUILDING LAND - 2 RUINS
Olhão, Algarve, Portugal
REF: 904950
€220,000
Description
This excellent plot of 3,720.00 m2 with 360 panoramic views of the hills is located less than 10 minutes from the center of Olhão and all its amenities and services. The land is supplied by electricity, and there are currently 2 ruins on the land, each with its own documentation, and two individual houses or just one can be built.
Olhão is a traditional fishing port located in the Algarve region of southern Portugal. It is the capital of the Ria Formosa, a lagoon area that houses a protected nature reserve, and is known for its traditional fish and vegetable markets, as well as its traditional "cubist" architecture. It is also a popular tourist destination, with beautiful white sand beaches located on the islands of the Ria Formosa, as well as many restaurants and shops. The village also has a marina and a riverside area with stunning views over the Ria Formosa. Olhão is close to Faro airport, just a 15-minute drive away. Its very central geographical location also allows access to several tourist attractions in less than an hour is the beautiful Guadiana River, which borders Spain, as well as the best golf courses of Vilamoura and Quinta do Lago are less than half an hour away.
Before moving on to the properties of the property, allow us a quick clarification: the location of the property is actually an address close to the property. For reasons of data confidentiality (GDPR) we cannot disclose the exact address of the property. Thank you for your understanding.
Don't miss this opportunity!
This excellent plot of 3,720.00 m2 with 360 panoramic views of the hills is located less than 10 minutes from the center of Olhão and all its amenities and services. The land is supplied by electricity, and there are currently 2 ruins on the land, each with its own documentation, and two individual houses or just one can be built.
Olhão is a traditional fishing port located in the Algarve region of southern Portugal. It is the capital of the Ria Formosa, a lagoon area that houses a protected nature reserve, and is known for its traditional fish and vegetable markets, as well as its traditional "cubist" architecture. It is also a popular tourist destination, with beautiful white sand beaches located on the islands of the Ria Formosa, as well as many restaurants and shops. The village also has a marina and a riverside area with stunning views over the Ria Formosa. Olhão is close to Faro airport, just a 15-minute drive away. Its very central geographical location also allows access to several tourist attractions in less than an hour is the beautiful Guadiana River, which borders Spain, as well as the best golf courses of Vilamoura and Quinta do Lago are less than half an hour away.
Before moving on to the properties of the property, allow us a quick clarification: the location of the property is actually an address close to the property. For reasons of data confidentiality (GDPR) we cannot disclose the exact address of the property. Thank you for your understanding.
Don't miss this opportunity!
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Property on Map
Currency Exchange
Olhão, Algarve, 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 €220,000 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 |
|---|---|---|---|
| €220,000 | £182,228 | £189,079 | £6,851 |
| Property Price € | €220,000 |
| Minimum cost in the last six months | £182,228 |
| Maximum cost in the last six months | £189,079 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £6,851 |
Olhão, Algarve, 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 €220,000 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 |
|---|---|---|---|
| €220,000 | £182,228 | £189,079 | £6,851 |
| Property Price € | €220,000 |
| Minimum cost in the last six months | £182,228 |
| Maximum cost in the last six months | £189,079 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £6,851 |
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 £6,851 more.
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