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Investment Opportunity in Armação de Pêra - Building Land
Silves, Faro, Portugal
REF: 931273
€1,375,000
Description
We present an excellent plot of land for sale, intended for the construction of a multi-family building, with an area of 1301 m , located in the consolidated urban cluster of the picturesque village of Armação de Pêra, municipality of Silves. Lot Details: . Total Area: 1301 m . Implementation Area: 547.5 m . Total Construction Area: 3285 m . Number of Properties: 40 units (5 T0, 28 T1, 7 T2) . Number of Floors: 8 (6 above the threshold quota, 1 below the threshold quota) . Parking: 34 spaces in the basement . Swimming pools: 3 swimming pools on the roof of the building For Lot 10, all necessary projects have already been carried out and construction fees have been paid, allowing the immediate construction of a modern and well-structured residential building. This building will have 40 homes, distributed among T0, T1 and T2 apartments, offering a variety of residential options to meet different needs and preferences. Privileged Location: Situated just 500 meters from the beach, this plot offers a strategic and attractive location, close to a wide range of shops, services and public facilities, providing convenience and quality of life. This is an unmissable opportunity for investors looking for a project ready for construction in an area of great appreciation and growth potential. Don't miss the opportunity to develop a successful venture in one of the most desired regions of the Algarve. For more information and to schedule a visit, contact us. Invest in Armação de Pêra, where quality of life and return on investment meet!
We present an excellent plot of land for sale, intended for the construction of a multi-family building, with an area of 1301 m , located in the consolidated urban cluster of the picturesque village of Armação de Pêra, municipality of Silves. Lot Details: . Total Area: 1301 m . Implementation Area: 547.5 m . Total Construction Area: 3285 m . Number of Properties: 40 units (5 T0, 28 T1, 7 T2) . Number of Floors: 8 (6 above the threshold quota, 1 below the threshold quota) . Parking: 34 spaces in the basement . Swimming pools: 3 swimming pools on the roof of the building For Lot 10, all necessary projects have already been carried out and construction fees have been paid, allowing the immediate construction of a modern and well-structured residential building. This building will have 40 homes, distributed among T0, T1 and T2 apartments, offering a variety of residential options to meet different needs and preferences. Privileged Location: Situated just 500 meters from the beach, this plot offers a strategic and attractive location, close to a wide range of shops, services and public facilities, providing convenience and quality of life. This is an unmissable opportunity for investors looking for a project ready for construction in an area of great appreciation and growth potential. Don't miss the opportunity to develop a successful venture in one of the most desired regions of the Algarve. For more information and to schedule a visit, contact us. Invest in Armação de Pêra, where quality of life and return on investment meet!
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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 €1,375,000 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 |
|---|---|---|---|
| €1,375,000 | £1,132,863 | £1,166,138 | £33,275 |
| Property Price € | €1,375,000 |
| Minimum cost in the last six months | £1,132,863 |
| Maximum cost in the last six months | £1,166,138 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £33,275 |
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 €1,375,000 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 |
|---|---|---|---|
| €1,375,000 | £1,132,863 | £1,166,138 | £33,275 |
| Property Price € | €1,375,000 |
| Minimum cost in the last six months | £1,132,863 |
| Maximum cost in the last six months | £1,166,138 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £33,275 |
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 £33,275 more.
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