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Land for sale with building project for 100 accommodation units in Portimão, Algarve
Portimão, Faro, Portugal, 8500-157
REF: 358046
€1,500,000
Description
Plot of 57,110 m2 (5,711 Ha) located in Portimão, Algarve, with a construction project for 100 tourism accommodation units or senior residences. This plot is located halfway from the beaches and mountains, in the middle of nature and close to 4 golf courses, the Algarve international racetrack, the beach and 45 minutes from the Algarve international airport. The construction project consists of: 40 suite units from doubles to quads60 double unitsservice zonespoolpond for leisure sportson-site parking for 150 vehicles plus 2 buses,Areas included in the project under approval: Maximum total construction - 4,950 m2Maximum total deployment - 3,500 m2Total waterproofing - 6,925 m2The construction areas of the project are less than the maximum areas allowed by the PDM. The construction project is finished with all the specialties, and is under consideration at the Portimão Town Hall for approval.The land is located at:7 km from the Morgado golf course "Morgado Golf Country Club"8 km from the Autódromo Internacional do Algarve (Algarve Motorsports Park) (major international race track: F1, MotoGP, Classic Cars race, European Le Mans Series)13 km from the beaches of Portimão (Praia da Rocha, Praia do Vau, Praia dos 3 Irmãos, Praia de Alvor)21 km from the thermal spas of Caldas de Monchique57 km from Sagres78 Km from Faro Airport (45 minutes)Plot located equidistant from the beaches and the mountains, in the middle of the Mediterranean nature and the fresh air of the countryside, in an area of great attraction for ecotourism or senior tourism, allowing rest and contact with nature and, at the same time, being a support center for existing sports infrastructure within a radius of 8 km, the Autódromo Internacional do Algarve and the Morgado Golf Country Club GPS coordinates: latitude 37.20662109 longitude -8.59497893
Plot of 57,110 m2 (5,711 Ha) located in Portimão, Algarve, with a construction project for 100 tourism accommodation units or senior residences. This plot is located halfway from the beaches and mountains, in the middle of nature and close to 4 golf courses, the Algarve international racetrack, the beach and 45 minutes from the Algarve international airport. The construction project consists of: 40 suite units from doubles to quads60 double unitsservice zonespoolpond for leisure sportson-site parking for 150 vehicles plus 2 buses,Areas included in the project under approval: Maximum total construction - 4,950 m2Maximum total deployment - 3,500 m2Total waterproofing - 6,925 m2The construction areas of the project are less than the maximum areas allowed by the PDM. The construction project is finished with all the specialties, and is under consideration at the Portimão Town Hall for approval.The land is located at:7 km from the Morgado golf course "Morgado Golf Country Club"8 km from the Autódromo Internacional do Algarve (Algarve Motorsports Park) (major international race track: F1, MotoGP, Classic Cars race, European Le Mans Series)13 km from the beaches of Portimão (Praia da Rocha, Praia do Vau, Praia dos 3 Irmãos, Praia de Alvor)21 km from the thermal spas of Caldas de Monchique57 km from Sagres78 Km from Faro Airport (45 minutes)Plot located equidistant from the beaches and the mountains, in the middle of the Mediterranean nature and the fresh air of the countryside, in an area of great attraction for ecotourism or senior tourism, allowing rest and contact with nature and, at the same time, being a support center for existing sports infrastructure within a radius of 8 km, the Autódromo Internacional do Algarve and the Morgado Golf Country Club GPS coordinates: latitude 37.20662109 longitude -8.59497893
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Currency Exchange
Portimão, Faro, Portugal, 8500-157
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 €1,500,000 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 |
|---|---|---|---|
| €1,500,000 | £1,276,035 | £1,314,810 | £38,775 |
| Property Price € | €1,500,000 |
| Minimum cost in the last six months | £1,276,035 |
| Maximum cost in the last six months | £1,314,810 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £38,775 |
Portimão, Faro, Portugal, 8500-157
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 €1,500,000 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 |
|---|---|---|---|
| €1,500,000 | £1,276,035 | £1,314,810 | £38,775 |
| Property Price € | €1,500,000 |
| Minimum cost in the last six months | £1,276,035 |
| Maximum cost in the last six months | £1,314,810 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £38,775 |
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 £38,775 more.
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