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Real estate land Sell in Lagoa e Carvoeiro,Lagoa (Algarve)
Lagoa (Algarve), Portugal
REF: 641145
€1,050,000
Description
Plot of 7720m2 with ruin with an existing area of 705m2, located in a privileged area, and easy and quick access to the beaches of Marina, Benagil, Albandeira and Carvoeiro.There is a possibility to build a detached single storey villa up to 705m2 with basement. The property also has a beautiful sea view.Characteristics :-Sea view-Possibility to build basement-Single storey villaSituated in the central Algarve, the region of Lagoa is renowned for its coastline and boasts some of the best beaches in the country. The town of Lagoa is fairly small and traditional, and relatively non-touristy. Towards the coast you can find the charming villages and seaside resorts of Carvoeiro and Ferragudo, two of the most popular tourist destinations in the south of Portugal. The region of Lagoa also has some wonderful stretches of countryside, including a number of vineyards, and is one of four demarcated wine regions in the Algarve.
Plot of 7720m2 with ruin with an existing area of 705m2, located in a privileged area, and easy and quick access to the beaches of Marina, Benagil, Albandeira and Carvoeiro.There is a possibility to build a detached single storey villa up to 705m2 with basement. The property also has a beautiful sea view.Characteristics :-Sea view-Possibility to build basement-Single storey villaSituated in the central Algarve, the region of Lagoa is renowned for its coastline and boasts some of the best beaches in the country. The town of Lagoa is fairly small and traditional, and relatively non-touristy. Towards the coast you can find the charming villages and seaside resorts of Carvoeiro and Ferragudo, two of the most popular tourist destinations in the south of Portugal. The region of Lagoa also has some wonderful stretches of countryside, including a number of vineyards, and is one of four demarcated wine regions in the Algarve.
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Currency Exchange
Lagoa (Algarve), 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 €1,050,000 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 |
|---|---|---|---|
| €1,050,000 | £893,225 | £920,367 | £27,143 |
| Property Price € | €1,050,000 |
| Minimum cost in the last six months | £893,225 |
| Maximum cost in the last six months | £920,367 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £27,143 |
Lagoa (Algarve), 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 €1,050,000 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 |
|---|---|---|---|
| €1,050,000 | £893,225 | £920,367 | £27,143 |
| Property Price € | €1,050,000 |
| Minimum cost in the last six months | £893,225 |
| Maximum cost in the last six months | £920,367 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £27,143 |
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 £27,143 more.
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