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Plot of land, 48,000 sqm in the urban perimeter of Turismo de Aldeia in São Brás de Regedouro, 20 km from Évora
Évora, Évora, Portugal
REF: 585252
€525,000
Description
Plot of land, 48,000 sqm in the urban perimeter of Turismo de Aldeia in São Brás de Regedouro, 20 km from Évora. The project benefits from the rehabilitation of urban buildings and comprises a restaurant with shop, a wine cellar and a congress centre with associated multi-purpose areas. The adjoining area, belonging to a single owner, comprises 5 ha allocated to urban development or subdivision with the potential for about 17 villas, with large plots, in addition to two sets of townhouses. Potential for residential purposes given the direct access to the new Évora hospital and the absence of plots for construction in the municipality. This is an interesting opportunity for the senior residences market given the human, sustainable and welcoming character of this flat and planned area. This is an appropriate and confident moment for investments due to the changes resulting in the strategic guidance of the golden visa policy, which thus favours projects in low-density areas, with Évora becoming the main centre for attracting interest as the district capital, combining the Nova Campus Sul university centre with the centenary experience of the University of Évora, one of the oldest universities in Europe. 90-minutes driving distance from Lisbon Airport and 60 minutes from Beja Airport, as well as the proximity to Comporta, make the municipality the major logistics centre in the south, concentrating the aeronautical and technological clusters. The demand for houses is high and the supply of subdivisions is scarce.
Plot of land, 48,000 sqm in the urban perimeter of Turismo de Aldeia in São Brás de Regedouro, 20 km from Évora. The project benefits from the rehabilitation of urban buildings and comprises a restaurant with shop, a wine cellar and a congress centre with associated multi-purpose areas. The adjoining area, belonging to a single owner, comprises 5 ha allocated to urban development or subdivision with the potential for about 17 villas, with large plots, in addition to two sets of townhouses. Potential for residential purposes given the direct access to the new Évora hospital and the absence of plots for construction in the municipality. This is an interesting opportunity for the senior residences market given the human, sustainable and welcoming character of this flat and planned area. This is an appropriate and confident moment for investments due to the changes resulting in the strategic guidance of the golden visa policy, which thus favours projects in low-density areas, with Évora becoming the main centre for attracting interest as the district capital, combining the Nova Campus Sul university centre with the centenary experience of the University of Évora, one of the oldest universities in Europe. 90-minutes driving distance from Lisbon Airport and 60 minutes from Beja Airport, as well as the proximity to Comporta, make the municipality the major logistics centre in the south, concentrating the aeronautical and technological clusters. The demand for houses is high and the supply of subdivisions is scarce.
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Currency Exchange
Évora, Évora, 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 €525,000 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 |
|---|---|---|---|
| €525,000 | £447,683 | £464,825 | £17,141 |
| Property Price € | €525,000 |
| Minimum cost in the last six months | £447,683 |
| Maximum cost in the last six months | £464,825 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £17,141 |
Évora, Évora, 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 €525,000 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 |
|---|---|---|---|
| €525,000 | £447,683 | £464,825 | £17,141 |
| Property Price € | €525,000 |
| Minimum cost in the last six months | £447,683 |
| Maximum cost in the last six months | £464,825 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £17,141 |
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 £17,141 more.
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