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Plot with approved PIP near Albufeira This property consists of 2 plots of land located in the centre of Albufeira, close to shops, services and just 1 km from the beaches
Albufeira, Faro, Portugal
REF: 908326
€1,650,000
Description
Plot with approved PIP near Albufeira This property consists of 2 plots of land located in the centre of Albufeira, close to shops, services and just 1 km from the beaches. It includes an architectural project, already approved, as well as a preliminary study and 3D's. The two plots, with respective areas of 3,800m2 and 4,080m2, have prior information requests submitted and validated by the Town Hall for the construction of 8 individual 4-bedroom villas, 4 of which are on each plot. In the project, the villas have a total individual construction area of 295.83m2 (160.88m2 on the ground floor and 134.95m2 on the 1st floor). Each unit has a swimming pool and an engine room. The construction indices proposed for the 8 single-family houses under horizontal ownership fall short of those stipulated by the P.U.C.A., and only 2/3 of the construction area was utilised, even allowing 2 more houses to be built, since of the 3,940m2 of construction area, only 2,650m2 was considered. Excellent investment opportunity. #ref: 127189
Plot with approved PIP near Albufeira This property consists of 2 plots of land located in the centre of Albufeira, close to shops, services and just 1 km from the beaches. It includes an architectural project, already approved, as well as a preliminary study and 3D's. The two plots, with respective areas of 3,800m2 and 4,080m2, have prior information requests submitted and validated by the Town Hall for the construction of 8 individual 4-bedroom villas, 4 of which are on each plot. In the project, the villas have a total individual construction area of 295.83m2 (160.88m2 on the ground floor and 134.95m2 on the 1st floor). Each unit has a swimming pool and an engine room. The construction indices proposed for the 8 single-family houses under horizontal ownership fall short of those stipulated by the P.U.C.A., and only 2/3 of the construction area was utilised, even allowing 2 more houses to be built, since of the 3,940m2 of construction area, only 2,650m2 was considered. Excellent investment opportunity. #ref: 127189
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Currency Exchange
Albufeira, 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 €1,650,000 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 |
|---|---|---|---|
| €1,650,000 | £1,359,435 | £1,418,093 | £58,658 |
| Property Price € | €1,650,000 |
| Minimum cost in the last six months | £1,359,435 |
| Maximum cost in the last six months | £1,418,093 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £58,658 |
Albufeira, 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 €1,650,000 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 |
|---|---|---|---|
| €1,650,000 | £1,359,435 | £1,418,093 | £58,658 |
| Property Price € | €1,650,000 |
| Minimum cost in the last six months | £1,359,435 |
| Maximum cost in the last six months | £1,418,093 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £58,658 |
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 £58,658 more.
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