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PROPERTY INVESTMENT Plot of land for the construction of a building with a basement, 1 shop, 1 flat type T3, and 1 flat type T2, situated in Algoz, in an excellent location, calm and quiet
Silves, Faro, Portugal
REF: 911061
€135,000
Description
PROPERTY INVESTMENT Plot of land for the construction of a building with a basement, 1 shop, 1 flat type T3, and 1 flat type T2, situated in Algoz, in an excellent location, calm and quiet. It is located close to a municipal road at the entrance to the village of Algoz, with its own access and public transport to and from Albufeira and other Algarve towns. The airport is 35 kilometres away. Ideal for investment with an excellent annual return through 1 shop and 2 self-catering flats. The Parish of Algoz is a former Portuguese parish in the Municipality of Silves, which had an area of 38.91 km² and 3,831 inhabitants (2011), and therefore a population density of 98.5 inhabitants/km², which allows it to be classified as a Low Density Area. It was abolished and added to the parish of Tunes, creating the União das Freguesias de Algoz e Tunes. This former parish of the Municipality of Silves is located in the heart of the Algarve's Barrocal region. Choose IAD for Your Real Estate Journey By choosing an IAD consultant, you will benefit from the support of the largest network of independent property consultants in Portugal. IAD is a network of estate agents based on an innovative model that values the close relationship between the estate agent and the client. The success of the IAD group is evident in the thousands of consultants, online adverts and successful transactions. Count on us to make your dream of owning this incredible flat in Albufeira come true. Don't miss out on this unique opportunity! Book your visit now and turn this plot of land into your future property investment in the Algarve. Contact us today for more information and to explore this exceptional offer. #ref: 131367
PROPERTY INVESTMENT Plot of land for the construction of a building with a basement, 1 shop, 1 flat type T3, and 1 flat type T2, situated in Algoz, in an excellent location, calm and quiet. It is located close to a municipal road at the entrance to the village of Algoz, with its own access and public transport to and from Albufeira and other Algarve towns. The airport is 35 kilometres away. Ideal for investment with an excellent annual return through 1 shop and 2 self-catering flats. The Parish of Algoz is a former Portuguese parish in the Municipality of Silves, which had an area of 38.91 km² and 3,831 inhabitants (2011), and therefore a population density of 98.5 inhabitants/km², which allows it to be classified as a Low Density Area. It was abolished and added to the parish of Tunes, creating the União das Freguesias de Algoz e Tunes. This former parish of the Municipality of Silves is located in the heart of the Algarve's Barrocal region. Choose IAD for Your Real Estate Journey By choosing an IAD consultant, you will benefit from the support of the largest network of independent property consultants in Portugal. IAD is a network of estate agents based on an innovative model that values the close relationship between the estate agent and the client. The success of the IAD group is evident in the thousands of consultants, online adverts and successful transactions. Count on us to make your dream of owning this incredible flat in Albufeira come true. Don't miss out on this unique opportunity! Book your visit now and turn this plot of land into your future property investment in the Algarve. Contact us today for more information and to explore this exceptional offer. #ref: 131367
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Property on Map
Currency Exchange
Silves, 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 €135,000 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 |
|---|---|---|---|
| €135,000 | £111,822 | £116,026 | £4,204 |
| Property Price € | €135,000 |
| Minimum cost in the last six months | £111,822 |
| Maximum cost in the last six months | £116,026 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £4,204 |
Silves, 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 €135,000 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 |
|---|---|---|---|
| €135,000 | £111,822 | £116,026 | £4,204 |
| Property Price € | €135,000 |
| Minimum cost in the last six months | £111,822 |
| Maximum cost in the last six months | £116,026 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £4,204 |
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 £4,204 more.
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