Approved project for contemporary three storey village house with patio

Loulé, Faro, Portugal, 8100-350

For Sale

€69,000

REF: 1000309 €69,000


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Description

Discover a rare investment opportunity in the peaceful village of Benafim, Loule. Imagine building your ideal retreat in the heart of Benafim, a traditional village nestled in the scenic hills of Loule. This fully approved project gives you the chance to create a stylish three-storey residence featuring a private walled patio for al fresco dining and a sun-soaked rooftop terrace to soak in panoramic views of the countryside. Whether you're envisioning a peaceful home base or an income-generating holiday rental, this property blends rustic charm with modern potential.

You're steps away from daily essentials a bank, supermarket, cosy restaurants, and authentic Portuguese shops so you ll enjoy convenience without sacrificing tranquillity. This house is one of five approved projects for sale in the same street, and can be combined with one or all of the other properties to make a larger house. Priced competitively to attract keen investors and homebuilders eager to bring a dream home to life in one of Portugal's most desirable regions. Please note that this is an approved project and does not include the cost to construct the property.
Discover a rare investment opportunity in the peaceful village of Benafim, Loule. Imagine building your ideal retreat in the heart of Benafim, a traditional village nestled in the scenic hills of Loule. This fully approved project gives you the chance to create a stylish three-storey residence featuring a private walled patio for al fresco dining and a sun-soaked rooftop terrace to soak in panoramic views of the countryside. Whether you're envisioning a peaceful home base or an income-generating holiday rental, this property blends rustic charm with modern potential.

You're steps away from daily essentials a bank, supermarket, cosy restaurants, and authentic Portuguese shops so you ll enjoy convenience without sacrificing tranquillity. This house is one of five approved projects for sale in the same street, and can be combined with one or all of the other properties to make a larger house. Priced competitively to attract keen investors and homebuilders eager to bring a dream home to life in one of Portugal's most desirable regions. Please note that this is an approved project and does not include the cost to construct the property.
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Property on Map

#1001-2379

Currency Exchange

Loulé, Faro, Portugal, 8100-350

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 €69,000 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
€69,000 £56,956 £60,169 £3,213
Property Price € €69,000
Minimum cost in the last six months £56,956
Maximum cost in the last six months £60,169
Fluctuating exchange rates over the last six months could have increased the cost of this property by £3,213

Loulé, Faro, Portugal, 8100-350

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 €69,000 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
€69,000 £56,956 £60,169 £3,213
Property Price € €69,000
Minimum cost in the last six months £56,956
Maximum cost in the last six months £60,169
Fluctuating exchange rates over the last six months could have increased the cost of this property by £3,213

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 £3,213 more.

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