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Plot of urban land in Armação de Pêra, 300 meters from the beach
Silves, Faro, Portugal, 8365-184
REF: 616054
€795,000
Description
Located in Armação de Pêra, South of the Via Dorsal, now Avenida dos Oceanos, this is perhaps one of the last plots available for construction of flat blocks within the village and a few meters from the beach. Why invest in Armação de Pêra? It is a very sought after holiday destination; Mainly by families; Shortage of properties for sale; Bay with direct access to the beach; Area with a wide range of services and commerce without the need to take the car; Cradle of the largest natural reef in Portugal, for lovers of the underwater world; One of the few beaches where fishing is still practised; Located in the centre of the Algarve and its main access roads; Creches, Kindergarten, 1st, 2nd and 3rd Cycles Close to international schools; Among many others - Plot with basement and sub-basement already started - Possibility to build up to 6 floors above ground Total Plot Area = 614 m2 Implantation Area = 367 m2 Construction Area above ground, enclosed gross area = 2387 m2 Basement Construction Area destined for parking = 1054 m2 Volumetry = 9947 m3 Analysing the history of the property market, Armação de Pêra is undoubtedly a low risk investment for construction! Take this opportunity now!
Located in Armação de Pêra, South of the Via Dorsal, now Avenida dos Oceanos, this is perhaps one of the last plots available for construction of flat blocks within the village and a few meters from the beach. Why invest in Armação de Pêra? It is a very sought after holiday destination; Mainly by families; Shortage of properties for sale; Bay with direct access to the beach; Area with a wide range of services and commerce without the need to take the car; Cradle of the largest natural reef in Portugal, for lovers of the underwater world; One of the few beaches where fishing is still practised; Located in the centre of the Algarve and its main access roads; Creches, Kindergarten, 1st, 2nd and 3rd Cycles Close to international schools; Among many others - Plot with basement and sub-basement already started - Possibility to build up to 6 floors above ground Total Plot Area = 614 m2 Implantation Area = 367 m2 Construction Area above ground, enclosed gross area = 2387 m2 Basement Construction Area destined for parking = 1054 m2 Volumetry = 9947 m3 Analysing the history of the property market, Armação de Pêra is undoubtedly a low risk investment for construction! Take this opportunity now!
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Currency Exchange
Silves, Faro, Portugal, 8365-184
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 €795,000 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 |
|---|---|---|---|
| €795,000 | £676,299 | £696,849 | £20,551 |
| Property Price € | €795,000 |
| Minimum cost in the last six months | £676,299 |
| Maximum cost in the last six months | £696,849 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £20,551 |
Silves, Faro, Portugal, 8365-184
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 €795,000 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 |
|---|---|---|---|
| €795,000 | £676,299 | £696,849 | £20,551 |
| Property Price € | €795,000 |
| Minimum cost in the last six months | £676,299 |
| Maximum cost in the last six months | £696,849 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £20,551 |
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 £20,551 more.
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