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This plot of land is an excellent investment opportunity in a prime location in Pereiras, Almancil
Loulé, Faro, Portugal
REF: 956858
€550,000
Description
This plot of land is an excellent investment opportunity in a prime location in Pereiras, Almancil. With a total area of 23,750 m², it is situated in a calm and tranquillity area with great access, just five minutes from Vale do Lobo and some of the most beautiful beaches in the Algarve. This is a fantastic to build a magnificent home or start a business in one of the Algarve's most exclusive areas. An approved planning agreement allows for the construction of 300 m² for residential purposes and 500 m² for commercial use. Additionally, the existing ruin can be demolished and incorporated along the entire length of the plot, offering numerous development possibilities. The land is connected to municipal water, sewage, and electricity services, and it is accessed to the road with public lighting, ensuring convenience and security. Located in the heart of the prestigious Golden Triangle, this area is undergoing significant growth and development, just 25 minutes from Faro International Airport. Don’t miss this outstanding investment opportunity. Arrange your viewing now! #ref: 139440
This plot of land is an excellent investment opportunity in a prime location in Pereiras, Almancil. With a total area of 23,750 m², it is situated in a calm and tranquillity area with great access, just five minutes from Vale do Lobo and some of the most beautiful beaches in the Algarve. This is a fantastic to build a magnificent home or start a business in one of the Algarve's most exclusive areas. An approved planning agreement allows for the construction of 300 m² for residential purposes and 500 m² for commercial use. Additionally, the existing ruin can be demolished and incorporated along the entire length of the plot, offering numerous development possibilities. The land is connected to municipal water, sewage, and electricity services, and it is accessed to the road with public lighting, ensuring convenience and security. Located in the heart of the prestigious Golden Triangle, this area is undergoing significant growth and development, just 25 minutes from Faro International Airport. Don’t miss this outstanding investment opportunity. Arrange your viewing now! #ref: 139440
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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 €550,000 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 |
|---|---|---|---|
| €550,000 | £453,145 | £466,417 | £13,272 |
| Property Price € | €550,000 |
| Minimum cost in the last six months | £453,145 |
| Maximum cost in the last six months | £466,417 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £13,272 |
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 €550,000 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 |
|---|---|---|---|
| €550,000 | £453,145 | £466,417 | £13,272 |
| Property Price € | €550,000 |
| Minimum cost in the last six months | £453,145 |
| Maximum cost in the last six months | £466,417 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £13,272 |
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 £13,272 more.
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