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Approved subdivision + 3 bedroom house, next to the airport Land with Approved Project near Faro Airport – Investment with Unique Potential Investment opportunity in strategically located land near Faro International Airport, with an approved project for the construction of a commercial area and 12
Faro, Faro, Portugal
REF: 362711
€2,250,000
Description
Approved subdivision + 3 bedroom house, next to the airport Land with Approved Project near Faro Airport – Investment with Unique Potential Investment opportunity in strategically located land near Faro International Airport, with an approved project for the construction of a commercial area and 12 single-family homes The property also includes an existing 3-bedroom house, with 195 m2, and 550 m2 of habitable land, which can be integrated into the project or used as support during construction. Strategic location, with good access and strong potential for appreciation, in an expanding area with high housing and commercial demand. Land with 8040 m2, with approved project. The subdivision provides for the construction of 2 areas: - Commercial area of 1500 m2 - Residential area for 12 4-bedroom houses The land is sold in its current condition, with the project already approved. Excellent investment opportunity, in an area where there are no more available lots, especially for commercial areas. About the location: Faro - Montengro – Quality of life in the heart of the Algarve Faro, capital of the Algarve, combines tradition, culture and modernity, offering an excellent quality of life by the sea and the Ria Formosa. In the quiet and prestigious area of Montenegro, you will find a calm residential environment, with schools, shops, services, and easy access to the city center, airport and beaches. It is a growing area, ideal for living or investing, where the balance between nature and urban comfort is felt every day. #ref: 62223
Approved subdivision + 3 bedroom house, next to the airport Land with Approved Project near Faro Airport – Investment with Unique Potential Investment opportunity in strategically located land near Faro International Airport, with an approved project for the construction of a commercial area and 12 single-family homes The property also includes an existing 3-bedroom house, with 195 m2, and 550 m2 of habitable land, which can be integrated into the project or used as support during construction. Strategic location, with good access and strong potential for appreciation, in an expanding area with high housing and commercial demand. Land with 8040 m2, with approved project. The subdivision provides for the construction of 2 areas: - Commercial area of 1500 m2 - Residential area for 12 4-bedroom houses The land is sold in its current condition, with the project already approved. Excellent investment opportunity, in an area where there are no more available lots, especially for commercial areas. About the location: Faro - Montengro – Quality of life in the heart of the Algarve Faro, capital of the Algarve, combines tradition, culture and modernity, offering an excellent quality of life by the sea and the Ria Formosa. In the quiet and prestigious area of Montenegro, you will find a calm residential environment, with schools, shops, services, and easy access to the city center, airport and beaches. It is a growing area, ideal for living or investing, where the balance between nature and urban comfort is felt every day. #ref: 62223
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Currency Exchange
Faro, 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 €2,250,000 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 |
|---|---|---|---|
| €2,250,000 | £1,857,060 | £1,953,203 | £96,143 |
| Property Price € | €2,250,000 |
| Minimum cost in the last six months | £1,857,060 |
| Maximum cost in the last six months | £1,953,203 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £96,143 |
Faro, 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 €2,250,000 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 |
|---|---|---|---|
| €2,250,000 | £1,857,060 | £1,953,203 | £96,143 |
| Property Price € | €2,250,000 |
| Minimum cost in the last six months | £1,857,060 |
| Maximum cost in the last six months | £1,953,203 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £96,143 |
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 £96,143 more.
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