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Plot for development with seaviews Albufeira
Albufeira, Portugal
REF: 593630
€4,640,000
Description
Magnificent plot of land with 9540 m2, beautiful seaviews with an allowed construction area of 5724 m2 for residential properties. Located only five minutes drive from the beaches of S o Rafael, Gal , Praia do Castelo and within quick access to the city of Albufeira with its local shops, hypermarkets, some of the best restaurants in the region, schools and public transports. Already with request approved (PIP) for a complex of 29 townhouses all with individual swimming pools. Because of its elevated location, all units would benefit from views towards the coast and the Marina. The Golf course of Salgados is only a few minutes drive, as well as the marina, and beaches. Excellent investment opportunity in a prime area of the Algarve!
Magnificent plot of land with 9540 m2, beautiful seaviews with an allowed construction area of 5724 m2 for residential properties. Located only five minutes drive from the beaches of S o Rafael, Gal , Praia do Castelo and within quick access to the city of Albufeira with its local shops, hypermarkets, some of the best restaurants in the region, schools and public transports. Already with request approved (PIP) for a complex of 29 townhouses all with individual swimming pools. Because of its elevated location, all units would benefit from views towards the coast and the Marina. The Golf course of Salgados is only a few minutes drive, as well as the marina, and beaches. Excellent investment opportunity in a prime area of the Algarve!
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Currency Exchange
Albufeira, 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 €4,640,000 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 |
|---|---|---|---|
| €4,640,000 | £3,947,202 | £4,067,146 | £119,944 |
| Property Price € | €4,640,000 |
| Minimum cost in the last six months | £3,947,202 |
| Maximum cost in the last six months | £4,067,146 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £119,944 |
Albufeira, 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 €4,640,000 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 |
|---|---|---|---|
| €4,640,000 | £3,947,202 | £4,067,146 | £119,944 |
| Property Price € | €4,640,000 |
| Minimum cost in the last six months | £3,947,202 |
| Maximum cost in the last six months | £4,067,146 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £119,944 |
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 £119,944 more.
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