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Loulé is the largest municipality in Portugal
Loulé, Faro, Portugal
REF: 632104
€230,000
Description
Loulé is the largest municipality in Portugal. This land is located in Vale Judeu, just 10 minutes from Quarteira and the center of Loulé. This wonderful lot, flat and without much need for earth moving which facilitates the beginning of construction, has the particularity of being a corner lot making its entire positioning much more private than the others and incomparable in terms of the use of the space. Not counting the wonderful views that you can enjoy, another excellent asset is the possibility of quickly starting your project as this lot already has an approved prior order, facilitating the whole process as well as minimizing your acquisition costs. As it is an area in clear growth, it becomes an opportunity to be able to purchase this lot at the price it is. It has a total area of 1,383m2 and can build a single-family house or 2 independent single-family houses, not exceeding a construction area of 450m2. The approved PIP has the capacity to build two villas with a pool, with 3 floors (two above and one below) and 4 private parking spaces This is the right investment, contact me for more information. #ref: 86806
Loulé is the largest municipality in Portugal. This land is located in Vale Judeu, just 10 minutes from Quarteira and the center of Loulé. This wonderful lot, flat and without much need for earth moving which facilitates the beginning of construction, has the particularity of being a corner lot making its entire positioning much more private than the others and incomparable in terms of the use of the space. Not counting the wonderful views that you can enjoy, another excellent asset is the possibility of quickly starting your project as this lot already has an approved prior order, facilitating the whole process as well as minimizing your acquisition costs. As it is an area in clear growth, it becomes an opportunity to be able to purchase this lot at the price it is. It has a total area of 1,383m2 and can build a single-family house or 2 independent single-family houses, not exceeding a construction area of 450m2. The approved PIP has the capacity to build two villas with a pool, with 3 floors (two above and one below) and 4 private parking spaces This is the right investment, contact me for more information. #ref: 86806
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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 €230,000 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 |
|---|---|---|---|
| €230,000 | £195,617 | £199,856 | £4,239 |
| Property Price € | €230,000 |
| Minimum cost in the last six months | £195,617 |
| Maximum cost in the last six months | £199,856 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £4,239 |
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 €230,000 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 |
|---|---|---|---|
| €230,000 | £195,617 | £199,856 | £4,239 |
| Property Price € | €230,000 |
| Minimum cost in the last six months | £195,617 |
| Maximum cost in the last six months | £199,856 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £4,239 |
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 £4,239 more.
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