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If you are looking for a plot of land with incredible potential for property investment, you have found it! This plot is located in the highly sought after area of Gambelas, just a few minutes drive from the University, Hospital and Faro Airport
Faro, Faro, Portugal
REF: 694858
€2,500,000
Description
If you are looking for a plot of land with incredible potential for property investment, you have found it! This plot is located in the highly sought after area of Gambelas, just a few minutes drive from the University, Hospital and Faro Airport. With a floor area of 13460 m2, this land has an approved project to build 16 villas, as well as a tennis court and a swimming pool, making it an ideal location to develop a gated community or a luxury real estate development. The location is one of the best advantages of this plot. The Gambelas region is experiencing constant growth, with the need for more housing constantly increasing. This means that the demand for new properties in this area is high and will probably continue to grow in the coming years. Furthermore, the land is located within a short driving distance from the centre of Faro and the main beaches in the region, making it an excellent choice for those looking for a property to live or invest in. The project approved for the plot allows for the construction of 16 high quality villas, all with generous private areas and first class finishings. The Tennis Court and swimming pool are additional amenities that increase the value of this plot as a real estate investment. Don?t miss this unique investment opportunity! This land in Gambelas is an exceptional option for those looking to invest in a highly valued location with great growth potential. Get in touch now to schedule a visit and start building your future real estate investment. #ref: 95804
If you are looking for a plot of land with incredible potential for property investment, you have found it! This plot is located in the highly sought after area of Gambelas, just a few minutes drive from the University, Hospital and Faro Airport. With a floor area of 13460 m2, this land has an approved project to build 16 villas, as well as a tennis court and a swimming pool, making it an ideal location to develop a gated community or a luxury real estate development. The location is one of the best advantages of this plot. The Gambelas region is experiencing constant growth, with the need for more housing constantly increasing. This means that the demand for new properties in this area is high and will probably continue to grow in the coming years. Furthermore, the land is located within a short driving distance from the centre of Faro and the main beaches in the region, making it an excellent choice for those looking for a property to live or invest in. The project approved for the plot allows for the construction of 16 high quality villas, all with generous private areas and first class finishings. The Tennis Court and swimming pool are additional amenities that increase the value of this plot as a real estate investment. Don?t miss this unique investment opportunity! This land in Gambelas is an exceptional option for those looking to invest in a highly valued location with great growth potential. Get in touch now to schedule a visit and start building your future real estate investment. #ref: 95804
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Currency Exchange
Faro, 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 €2,500,000 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 |
|---|---|---|---|
| €2,500,000 | £2,126,725 | £2,191,350 | £64,625 |
| Property Price € | €2,500,000 |
| Minimum cost in the last six months | £2,126,725 |
| Maximum cost in the last six months | £2,191,350 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £64,625 |
Faro, 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 €2,500,000 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 |
|---|---|---|---|
| €2,500,000 | £2,126,725 | £2,191,350 | £64,625 |
| Property Price € | €2,500,000 |
| Minimum cost in the last six months | £2,126,725 |
| Maximum cost in the last six months | £2,191,350 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £64,625 |
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 £64,625 more.
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