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Land of over 17 hectares, located in São Marcos da Serra, in the municipality of Silves, in the Algarve
Silves, Portugal
REF: 940106
€850,000
Description
Land of over 17 hectares, located in São Marcos da Serra, in the municipality of Silves, in the Algarve. There is an approved project for a tourist development of 20 houses consisting of double bedrooms and a communal swimming pool, along the top of a natural hill, taking advantage of the natural topography to offer open views over the countryside. In addition, there is also another project approved for the construction of a main house with a total gross construction area of 375 m², where the communal swimming pool is located, which could be used as a primary dwelling and reception area. To maximize the number of stays, there is also the possibility of associating a camping project for caravans, where there is approval for 45 plots of 60 m² each and all the necessary facilities for a camping site. This property will be an option to consider for a profitable investment, in an area full of history, and ideal for lovers of outdoor activities, for those looking for a secluded place to relax and be in touch with nature. This plot is located 5 minutes from the small village of São Marcos da Serra, with asphalt right up to the entrance of the plot and a good connection to the IC1. Basic services are available 5 minutes away, large supermarkets and all other facilities are 15 minutes away and coastal facilities are 30 minutes away. CHARACTERISTICS:Plot Area: 176 900 m2 | 1 904 136 sq ftArea: 176 900 m2 | 1 904 136 sq ftEnergy efficiency: NAFEATURES:Land 17 hectares Approved projects Construction feasibility Internationally awarded, LUXIMOS Christie's presents more than 1,200 properties for sale in Portugal, offering an excellent service in real estate brokerage. LUXIMOS Christie's is the exclusive affiliate of Christie s International Real Estate (1350 offices in 46 countries) for the Algarve, Porto and North of Portugal, and provides its services to homeowners who are selling their properties, and to national and international buyers, who wish to buy real estate in Portugal. Our selection includes modern and contemporary properties, near the sea or by theriver, in Foz do Douro, in Porto, Boavista, Matosinhos, Vilamoura, Tavira, Ria Formosa, Lagos, Almancil, Vale do Lobo, Quinta do Lago, near the golf courses or the marina. LIc AMI 9063
Land of over 17 hectares, located in São Marcos da Serra, in the municipality of Silves, in the Algarve. There is an approved project for a tourist development of 20 houses consisting of double bedrooms and a communal swimming pool, along the top of a natural hill, taking advantage of the natural topography to offer open views over the countryside. In addition, there is also another project approved for the construction of a main house with a total gross construction area of 375 m², where the communal swimming pool is located, which could be used as a primary dwelling and reception area. To maximize the number of stays, there is also the possibility of associating a camping project for caravans, where there is approval for 45 plots of 60 m² each and all the necessary facilities for a camping site. This property will be an option to consider for a profitable investment, in an area full of history, and ideal for lovers of outdoor activities, for those looking for a secluded place to relax and be in touch with nature. This plot is located 5 minutes from the small village of São Marcos da Serra, with asphalt right up to the entrance of the plot and a good connection to the IC1. Basic services are available 5 minutes away, large supermarkets and all other facilities are 15 minutes away and coastal facilities are 30 minutes away. CHARACTERISTICS:Plot Area: 176 900 m2 | 1 904 136 sq ftArea: 176 900 m2 | 1 904 136 sq ftEnergy efficiency: NAFEATURES:Land 17 hectares Approved projects Construction feasibility Internationally awarded, LUXIMOS Christie's presents more than 1,200 properties for sale in Portugal, offering an excellent service in real estate brokerage. LUXIMOS Christie's is the exclusive affiliate of Christie s International Real Estate (1350 offices in 46 countries) for the Algarve, Porto and North of Portugal, and provides its services to homeowners who are selling their properties, and to national and international buyers, who wish to buy real estate in Portugal. Our selection includes modern and contemporary properties, near the sea or by theriver, in Foz do Douro, in Porto, Boavista, Matosinhos, Vilamoura, Tavira, Ria Formosa, Lagos, Almancil, Vale do Lobo, Quinta do Lago, near the golf courses or the marina. LIc AMI 9063
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Currency Exchange
Silves, 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 €850,000 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 |
|---|---|---|---|
| €850,000 | £700,315 | £720,885 | £20,570 |
| Property Price € | €850,000 |
| Minimum cost in the last six months | £700,315 |
| Maximum cost in the last six months | £720,885 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £20,570 |
Silves, 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 €850,000 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 |
|---|---|---|---|
| €850,000 | £700,315 | £720,885 | £20,570 |
| Property Price € | €850,000 |
| Minimum cost in the last six months | £700,315 |
| Maximum cost in the last six months | £720,885 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £20,570 |
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 £20,570 more.
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