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Plot with 420sqm for construction of Villa
Portimão, Faro, Portugal, 8500-078
REF: 1000394
€240,000
Description
A rare opportunity to acquire one of the last available plots in this established urbanization. Offering 420sqm, the land allows for the construction of a two-storey villa with up to 190sqm of build area. Ideally positioned just minutes by car from the picturesque fishing village of Alvor, this plot combines convenience with great development potential. Set within a peaceful and well-established urbanization, this 420sqm plot presents a rare and exciting opportunity to build your dream home in the Algarve. With permission to construct a two-storey villa of up to 190sqm, the site offers ample space for a spacious and well-designed residence ideal for permanent living, a holiday retreat, or a rental investment.
What truly sets this plot apart is its location. It is one of the very few remaining undeveloped plots in the area, making it a highly sought-after opportunity for those looking to secure a place in an already mature and desirable neighborhood. The plot enjoys excellent positioning, just a short drive from the charming fishing village of Alvor, known for its traditional Portuguese character, golden beaches, and vibrant atmosphere.
Whether you're envisioning a contemporary design or a more traditional villa style, this plot provides the perfect canvas. With easy access to local amenities, golf courses, and the stunning Algarve coastline, it offers both convenience and quality of life.
A rare opportunity to acquire one of the last available plots in this established urbanization. Offering 420sqm, the land allows for the construction of a two-storey villa with up to 190sqm of build area. Ideally positioned just minutes by car from the picturesque fishing village of Alvor, this plot combines convenience with great development potential. Set within a peaceful and well-established urbanization, this 420sqm plot presents a rare and exciting opportunity to build your dream home in the Algarve. With permission to construct a two-storey villa of up to 190sqm, the site offers ample space for a spacious and well-designed residence ideal for permanent living, a holiday retreat, or a rental investment.
What truly sets this plot apart is its location. It is one of the very few remaining undeveloped plots in the area, making it a highly sought-after opportunity for those looking to secure a place in an already mature and desirable neighborhood. The plot enjoys excellent positioning, just a short drive from the charming fishing village of Alvor, known for its traditional Portuguese character, golden beaches, and vibrant atmosphere.
Whether you're envisioning a contemporary design or a more traditional villa style, this plot provides the perfect canvas. With easy access to local amenities, golf courses, and the stunning Algarve coastline, it offers both convenience and quality of life.
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Currency Exchange
Portimão, Faro, Portugal, 8500-078
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 €240,000 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 |
|---|---|---|---|
| €240,000 | £198,108 | £210,077 | £11,969 |
| Property Price € | €240,000 |
| Minimum cost in the last six months | £198,108 |
| Maximum cost in the last six months | £210,077 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £11,969 |
Portimão, Faro, Portugal, 8500-078
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 €240,000 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 |
|---|---|---|---|
| €240,000 | £198,108 | £210,077 | £11,969 |
| Property Price € | €240,000 |
| Minimum cost in the last six months | £198,108 |
| Maximum cost in the last six months | £210,077 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £11,969 |
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 £11,969 more.
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