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Plot with pre-approval for a detached 5-bedroom villa with swimming pool, in Quinta das Raposeiras
Faro, Faro, Portugal, 8006-701
REF: 913419
€650,000
Description
Plot of 4,852 with a project for a 5-bedroom villa, situated in Quinta das Raposeiras, in an elevated position that guarantees stunning views of the ocean and countryside.
It has been pre-approved by the town hall for the construction of a detached villa with a construction area of 467.65 m2, an implantation area of 294.70 m2, 2 floors, a swimming pool and a garage.
The existing project includes a spacious living room, dining room, open-plan kitchen ideally positioned with access to the large terrace with swimming pool, 1 guest bathroom, laundry room, 5 en-suite bedrooms and a 104.40m2 garage.
Mains water infrastructure available. A cesspit must be provided for the disposal of waste water.
Conveniently located in Quinta das Raposeiras, close to the charming village of Santa Bárbara de Nexe, this is an exceptional development in the Central Algarve, set on an exclusive hillside with all the amenities such as an active tennis club, serene private roads and nature trails.
Less than 20 minutes' drive from the airport, some of the best golf courses and beaches, Quinta das Raposeiras also offers easy access to supermarkets in just 10 minutes by car.
This property is presented by Quintas e Casas, voted Portugal's best boutique estate agency in 2024
Plot of 4,852 with a project for a 5-bedroom villa, situated in Quinta das Raposeiras, in an elevated position that guarantees stunning views of the ocean and countryside.
It has been pre-approved by the town hall for the construction of a detached villa with a construction area of 467.65 m2, an implantation area of 294.70 m2, 2 floors, a swimming pool and a garage.
The existing project includes a spacious living room, dining room, open-plan kitchen ideally positioned with access to the large terrace with swimming pool, 1 guest bathroom, laundry room, 5 en-suite bedrooms and a 104.40m2 garage.
Mains water infrastructure available. A cesspit must be provided for the disposal of waste water.
Conveniently located in Quinta das Raposeiras, close to the charming village of Santa Bárbara de Nexe, this is an exceptional development in the Central Algarve, set on an exclusive hillside with all the amenities such as an active tennis club, serene private roads and nature trails.
Less than 20 minutes' drive from the airport, some of the best golf courses and beaches, Quinta das Raposeiras also offers easy access to supermarkets in just 10 minutes by car.
This property is presented by Quintas e Casas, voted Portugal's best boutique estate agency in 2024
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Currency Exchange
Faro, Faro, Portugal, 8006-701
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 €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 |
|---|---|---|---|
| €650,000 | £535,535 | £558,643 | £23,108 |
| Property Price € | €650,000 |
| Minimum cost in the last six months | £535,535 |
| Maximum cost in the last six months | £558,643 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £23,108 |
Faro, Faro, Portugal, 8006-701
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 €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 |
|---|---|---|---|
| €650,000 | £535,535 | £558,643 | £23,108 |
| Property Price € | €650,000 |
| Minimum cost in the last six months | £535,535 |
| Maximum cost in the last six months | £558,643 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £23,108 |
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 £23,108 more.
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