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Urban Land for sale, with approved project for rural tourism, near Boliqueime- Loulé
Loulé, Faro, Portugal, 8100-060
REF: 647482
€500,000
Description
Perfect for investors!
Architectural project approved by the City Council for the construction of a residence, in a field area, but 10 minutes from the beaches.
The complex will consist of:
- 5 villas en suite (without kitchen), with terrace and private garden;
- 2 studios with kitchenette, terrace and private garden;
- 1 house with 1 bedroom and private garden;
- the owners' house;
- common areas for breakfast, library, fireplace...
-swimming pool;
-brazier;
-parking lot;
The protecto develops more than 700 m2 of construction in a modern architectural style that respects traditions.
The property has 1.3 HA of land that descends to the river and leaves beautiful living spaces in the middle of nature for all guests.
Important note for the investor => there is a project to expand the residence that includes 2 more studio houses with garden and 2 villas with 2 bedrooms (the project was elaborated but was not submitted to the City Council).
The land has water and electricity.
The great beach of Falésia is just 3.1 miles away and all shops are 1.2 miles away.
The famous Vilamoura Marina and several golf courses are also nearby.
Excluded from the SCE, under Article 18(2) (g) of Decree-Law No. 101-D/2020 of 7 December
Our company assists in all sectors such as how to obtain the best exchange rates, account opening and documentation on bank loans, in carrying out improvement works,
etc.Don't miss this opportunity and contact us for a visit.
Perfect for investors!
Architectural project approved by the City Council for the construction of a residence, in a field area, but 10 minutes from the beaches.
The complex will consist of:
- 5 villas en suite (without kitchen), with terrace and private garden;
- 2 studios with kitchenette, terrace and private garden;
- 1 house with 1 bedroom and private garden;
- the owners' house;
- common areas for breakfast, library, fireplace...
-swimming pool;
-brazier;
-parking lot;
The protecto develops more than 700 m2 of construction in a modern architectural style that respects traditions.
The property has 1.3 HA of land that descends to the river and leaves beautiful living spaces in the middle of nature for all guests.
Important note for the investor => there is a project to expand the residence that includes 2 more studio houses with garden and 2 villas with 2 bedrooms (the project was elaborated but was not submitted to the City Council).
The land has water and electricity.
The great beach of Falésia is just 3.1 miles away and all shops are 1.2 miles away.
The famous Vilamoura Marina and several golf courses are also nearby.
Excluded from the SCE, under Article 18(2) (g) of Decree-Law No. 101-D/2020 of 7 December
Our company assists in all sectors such as how to obtain the best exchange rates, account opening and documentation on bank loans, in carrying out improvement works,
etc.Don't miss this opportunity and contact us for a visit.
Read More
Property on Map
Currency Exchange
Loulé, Faro, Portugal, 8100-060
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 €500,000 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 |
|---|---|---|---|
| €500,000 | £425,345 | £438,270 | £12,925 |
| Property Price € | €500,000 |
| Minimum cost in the last six months | £425,345 |
| Maximum cost in the last six months | £438,270 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £12,925 |
Loulé, Faro, Portugal, 8100-060
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 €500,000 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 |
|---|---|---|---|
| €500,000 | £425,345 | £438,270 | £12,925 |
| Property Price € | €500,000 |
| Minimum cost in the last six months | £425,345 |
| Maximum cost in the last six months | £438,270 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £12,925 |
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 £12,925 more.
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