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Country plot with approved project
Loulé, Faro, Portugal
REF: 591558
€250,000
Description
A beautiful, flat plot of land in the countryside but still very close to the city, sold with a project approved for a villa and pool. This plot of land has a wonderful location, peaceful, private, with good access and open country views. The busy town of Loulé is only a few minutes drive away, and you have easy access to Faro, the airport and the shops, cinema and restaurants nearby.
To save any purchaser time and expense, a project for a new 3-bedroom villa, plus pool has been submitted to the local council and fully approved. This means that a purchaser can start construction as soon as they purchase the plot, a considerable advantage when it can take up to two years to obtain planning permission. There are many established olive trees on the plot, which will help to enhance the landscaping. A borehole has been licensed, so a water supply is guaranteed, and there is also an option to connect to mains water.
The project combines both modern lines and rustic materials, creating a single storey house that integrates into the landscape. The house has a total built area of 258m2, creating a spacious home.
A great option for someone wanting to build their own villa in the Algarve, without having to wait for planning approval.
A beautiful, flat plot of land in the countryside but still very close to the city, sold with a project approved for a villa and pool. This plot of land has a wonderful location, peaceful, private, with good access and open country views. The busy town of Loulé is only a few minutes drive away, and you have easy access to Faro, the airport and the shops, cinema and restaurants nearby.
To save any purchaser time and expense, a project for a new 3-bedroom villa, plus pool has been submitted to the local council and fully approved. This means that a purchaser can start construction as soon as they purchase the plot, a considerable advantage when it can take up to two years to obtain planning permission. There are many established olive trees on the plot, which will help to enhance the landscaping. A borehole has been licensed, so a water supply is guaranteed, and there is also an option to connect to mains water.
The project combines both modern lines and rustic materials, creating a single storey house that integrates into the landscape. The house has a total built area of 258m2, creating a spacious home.
A great option for someone wanting to build their own villa in the Algarve, without having to wait for planning approval.
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Currency Exchange
Loulé, 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 €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 |
|---|---|---|---|
| €250,000 | £212,673 | £218,858 | £6,185 |
| Property Price € | €250,000 |
| Minimum cost in the last six months | £212,673 |
| Maximum cost in the last six months | £218,858 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £6,185 |
Loulé, 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 €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 |
|---|---|---|---|
| €250,000 | £212,673 | £218,858 | £6,185 |
| Property Price € | €250,000 |
| Minimum cost in the last six months | £212,673 |
| Maximum cost in the last six months | £218,858 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £6,185 |
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 £6,185 more.
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