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Plot of Land for the Construction of 20 Apartments in Olhão
Olhão, Faro, Portugal, 8700-133
REF: 917256
€1,065,000
Description
Investment in Olhão, Plot of land with 712sq.m and project for a 6-story building, 20 apartments, and a terrace. Prime location. We present a unique investment opportunity in Olhão, a vibrant and attractive city in the Algarve.
This 712sq.m plot of land is located in a peaceful and pleasant residential area, just a few steps away from the Health Center and a shopping center with various shops, a gym, a pharmacy, and other services.
The advantage of this plot of land is its construction feasibility for a 6-story building, including a basement with a garage and storage rooms. The land already has a project for the construction of the building. The project includes the creation of 20 spacious apartments, ranging from 2-bedroom to 4-bedroom units.
A special highlight goes to the top-floor apartments, which have access to a private terrace of approximately 80sq.m each. These terraces offer breathtaking views of the city and the sea, providing a privileged space for residents to enjoy unique moments.
Furthermore, the basement of the building offers storage spaces and additional parking, ensuring convenience and practicality for residents.
With easy access to major highways and Faro Airport, located just 15 minutes away, this plot of land presents an excellent option for investors looking to acquire a quality property in southern Portugal.
Don't miss out on this opportunity to invest in an incredible project! Contact us for more information about this development and take the opportunity to secure your space in this privileged location.
Investment in Olhão, Plot of land with 712sq.m and project for a 6-story building, 20 apartments, and a terrace. Prime location. We present a unique investment opportunity in Olhão, a vibrant and attractive city in the Algarve.
This 712sq.m plot of land is located in a peaceful and pleasant residential area, just a few steps away from the Health Center and a shopping center with various shops, a gym, a pharmacy, and other services.
The advantage of this plot of land is its construction feasibility for a 6-story building, including a basement with a garage and storage rooms. The land already has a project for the construction of the building. The project includes the creation of 20 spacious apartments, ranging from 2-bedroom to 4-bedroom units.
A special highlight goes to the top-floor apartments, which have access to a private terrace of approximately 80sq.m each. These terraces offer breathtaking views of the city and the sea, providing a privileged space for residents to enjoy unique moments.
Furthermore, the basement of the building offers storage spaces and additional parking, ensuring convenience and practicality for residents.
With easy access to major highways and Faro Airport, located just 15 minutes away, this plot of land presents an excellent option for investors looking to acquire a quality property in southern Portugal.
Don't miss out on this opportunity to invest in an incredible project! Contact us for more information about this development and take the opportunity to secure your space in this privileged location.
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Property on Map
Currency Exchange
Olhão, Faro, Portugal, 8700-133
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 €1,065,000 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 |
|---|---|---|---|
| €1,065,000 | £877,454 | £915,314 | £37,861 |
| Property Price € | €1,065,000 |
| Minimum cost in the last six months | £877,454 |
| Maximum cost in the last six months | £915,314 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £37,861 |
Olhão, Faro, Portugal, 8700-133
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 €1,065,000 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 |
|---|---|---|---|
| €1,065,000 | £877,454 | £915,314 | £37,861 |
| Property Price € | €1,065,000 |
| Minimum cost in the last six months | £877,454 |
| Maximum cost in the last six months | £915,314 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £37,861 |
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 £37,861 more.
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