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For Sale: 2,288 m² Plot with Approved Project – Panoramic Views & Exceptional Location Located on the heights of a quiet and residential area, this magnificent 2,288 m² plot offers an exceptional setting for a high-quality real estate project
Loulé, Faro, Portugal
REF: 948331
€295,000
Description
For Sale: 2,288 m² Plot with Approved Project – Panoramic Views & Exceptional Location Located on the heights of a quiet and residential area, this magnificent 2,288 m² plot offers an exceptional setting for a high-quality real estate project. Nestled on a hill, it boasts stunning views over the valley and, in the distance, a small glimpse of the sea, adding an extra charm to this unique location. This plot comes with an approved construction project from Loulé’s town hall, allowing for a built area of approximately 450 m². You have the flexibility to build either a large individual villa or two semi-detached villas, depending on your needs and vision. This versatility makes it ideal for both personal use and rental investment. One of the major advantages of this property is that it is fully serviced. Water, sewage, electricity, and fiber-optic internet are already installed, saving time and money for the future owner. The surrounding environment is particularly attractive: the plot is adjacent to a modern, recently built villa, in a peaceful, year-round residential area. It also benefits from excellent accessibility: •Only 6 minutes from the A22 highway, offering quick connections to the region’s major cities •5 minutes from Aldi-Boliqueime and all essential amenities •15 minutes from Albufeira’s center and its stunning beaches Whether you are looking for a rental investment, a second home, or a prestigious real estate project, this plot meets all the criteria for a successful acquisition. Don’t miss this unique opportunity! Contact us now for more information or to schedule a visit. #ref: 138230
For Sale: 2,288 m² Plot with Approved Project – Panoramic Views & Exceptional Location Located on the heights of a quiet and residential area, this magnificent 2,288 m² plot offers an exceptional setting for a high-quality real estate project. Nestled on a hill, it boasts stunning views over the valley and, in the distance, a small glimpse of the sea, adding an extra charm to this unique location. This plot comes with an approved construction project from Loulé’s town hall, allowing for a built area of approximately 450 m². You have the flexibility to build either a large individual villa or two semi-detached villas, depending on your needs and vision. This versatility makes it ideal for both personal use and rental investment. One of the major advantages of this property is that it is fully serviced. Water, sewage, electricity, and fiber-optic internet are already installed, saving time and money for the future owner. The surrounding environment is particularly attractive: the plot is adjacent to a modern, recently built villa, in a peaceful, year-round residential area. It also benefits from excellent accessibility: •Only 6 minutes from the A22 highway, offering quick connections to the region’s major cities •5 minutes from Aldi-Boliqueime and all essential amenities •15 minutes from Albufeira’s center and its stunning beaches Whether you are looking for a rental investment, a second home, or a prestigious real estate project, this plot meets all the criteria for a successful acquisition. Don’t miss this unique opportunity! Contact us now for more information or to schedule a visit. #ref: 138230
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Currency Exchange
Loulé, 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 €295,000 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 |
|---|---|---|---|
| €295,000 | £243,051 | £249,597 | £6,546 |
| Property Price € | €295,000 |
| Minimum cost in the last six months | £243,051 |
| Maximum cost in the last six months | £249,597 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £6,546 |
Loulé, 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 €295,000 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 |
|---|---|---|---|
| €295,000 | £243,051 | £249,597 | £6,546 |
| Property Price € | €295,000 |
| Minimum cost in the last six months | £243,051 |
| Maximum cost in the last six months | £249,597 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £6,546 |
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 £6,546 more.
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