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PRICE REDUCTION! Urban plot with 1390sqm with building permission for a villa, located near the beaches of Cabanas Velhas, Burgau and Salema
Quinta da Fortaleza, Faro, Portugal
REF: 587110
€237,000
Description
PRICE REDUCTION! Urban plot with 1390sqm with building permission for a villa, located near the beaches of Cabanas Velhas, Burgau and Salema. This plot is located in Quinta da Fortaleza, a quiet area surrounded by the green of the countryside and the blue of the ocean, with all the infrastructures completed to build your house. It is a fantastic place for nature walks, where it is difficult not to be dazzled by the surroundings. Just a few minutes drive to supermarkets, restaurants, golf courses and some of the most beautiful beaches in the Algarve region. The cities of Lagos, Vila do Bispo and Sagres are only a few minutes away. With a gross building area of 220sqm, you can build a two-storey house with a swimming pool and make it your dream home or the holiday home you've always wanted. The allotment is located in the area of the Natural Park of Southwest Alentejo and Costa Vicentina, one of the best preserved strips of European coastline, with several species of unique fauna and flora.
PRICE REDUCTION! Urban plot with 1390sqm with building permission for a villa, located near the beaches of Cabanas Velhas, Burgau and Salema. This plot is located in Quinta da Fortaleza, a quiet area surrounded by the green of the countryside and the blue of the ocean, with all the infrastructures completed to build your house. It is a fantastic place for nature walks, where it is difficult not to be dazzled by the surroundings. Just a few minutes drive to supermarkets, restaurants, golf courses and some of the most beautiful beaches in the Algarve region. The cities of Lagos, Vila do Bispo and Sagres are only a few minutes away. With a gross building area of 220sqm, you can build a two-storey house with a swimming pool and make it your dream home or the holiday home you've always wanted. The allotment is located in the area of the Natural Park of Southwest Alentejo and Costa Vicentina, one of the best preserved strips of European coastline, with several species of unique fauna and flora.
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Currency Exchange
Quinta da Fortaleza, 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 €237,000 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 |
|---|---|---|---|
| €237,000 | £201,614 | £207,740 | £6,126 |
| Property Price € | €237,000 |
| Minimum cost in the last six months | £201,614 |
| Maximum cost in the last six months | £207,740 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £6,126 |
Quinta da Fortaleza, 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 €237,000 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 |
|---|---|---|---|
| €237,000 | £201,614 | £207,740 | £6,126 |
| Property Price € | €237,000 |
| Minimum cost in the last six months | £201,614 |
| Maximum cost in the last six months | £207,740 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £6,126 |
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 £6,126 more.
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