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Land for construction of an independent house, in an urbanization in Mexilhoeira Grande
Urbanização Pontalgar, Faro, Portugal
REF: 594746
€125,000
Description
Land for construction of an independent house, in an urbanization in Mexilhoeira Grande. The land will be sold with an approve project This land has an area of 480sqm and a gross building area of 145sqm. The project consists of a villa with a private pool, garage and garden. It is located in the area of detached houses in the urbanization, thus enjoying a fantastic view over the countryside. Close to the Algarve International Circuit The Autódromo Internacional do Algarve (Sometimes called Circuito de Portimão) is a 4,692 km (2,916 mi) racing circuit located in the municipality of Portimão, Algarve, Portugal. It is located about 16 km from the center of Portimão, in the parish of Mexilhoeira Grande. The project included a karting track, an off-road track, a technology park, a five-star hotel, a sports complex and apartments. Also known as AIA Autódromo Internacional do Algarve, it was known for hosting the 2020 Formula 1 World Championship won by Lewis Hamilton who broke the race track record with 1: 16.652.
Land for construction of an independent house, in an urbanization in Mexilhoeira Grande. The land will be sold with an approve project This land has an area of 480sqm and a gross building area of 145sqm. The project consists of a villa with a private pool, garage and garden. It is located in the area of detached houses in the urbanization, thus enjoying a fantastic view over the countryside. Close to the Algarve International Circuit The Autódromo Internacional do Algarve (Sometimes called Circuito de Portimão) is a 4,692 km (2,916 mi) racing circuit located in the municipality of Portimão, Algarve, Portugal. It is located about 16 km from the center of Portimão, in the parish of Mexilhoeira Grande. The project included a karting track, an off-road track, a technology park, a five-star hotel, a sports complex and apartments. Also known as AIA Autódromo Internacional do Algarve, it was known for hosting the 2020 Formula 1 World Championship won by Lewis Hamilton who broke the race track record with 1: 16.652.
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Currency Exchange
Urbanização Pontalgar, 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 €125,000 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 |
|---|---|---|---|
| €125,000 | £106,336 | £109,429 | £3,093 |
| Property Price € | €125,000 |
| Minimum cost in the last six months | £106,336 |
| Maximum cost in the last six months | £109,429 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £3,093 |
Urbanização Pontalgar, 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 €125,000 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 |
|---|---|---|---|
| €125,000 | £106,336 | £109,429 | £3,093 |
| Property Price € | €125,000 |
| Minimum cost in the last six months | £106,336 |
| Maximum cost in the last six months | £109,429 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £3,093 |
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 £3,093 more.
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