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Fantastic Plot of Land in Luz for large villa with sea views for sale Algarve
Lagos, Portugal
REF: 696347
€400,000
Description
This is an extraordinary opportunity to own an incredible plot of land in Montinhos da Luz, boasting lovely sea views. This spacious plot offers the possibility to build a large villa, whether you prefer a modern or traditional design. Located close to the road yet slightly set back and elevated, the plot enjoys a south-facing orientation, ensuring good sun exposure throughout the day. With ample space for a good pool and envolving garden, this land provides the perfect setting for creating your dream home. Furthermore, its desirable proximity to various amenities allows for easy access to everything you need, and the sought-after area of Praia da Luz ensures an exceptional quality of life, whether as a permanent residence or a holiday getaway.
This is an extraordinary opportunity to own an incredible plot of land in Montinhos da Luz, boasting lovely sea views. This spacious plot offers the possibility to build a large villa, whether you prefer a modern or traditional design. Located close to the road yet slightly set back and elevated, the plot enjoys a south-facing orientation, ensuring good sun exposure throughout the day. With ample space for a good pool and envolving garden, this land provides the perfect setting for creating your dream home. Furthermore, its desirable proximity to various amenities allows for easy access to everything you need, and the sought-after area of Praia da Luz ensures an exceptional quality of life, whether as a permanent residence or a holiday getaway.
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Currency Exchange
Lagos, 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 €400,000 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 |
|---|---|---|---|
| €400,000 | £340,276 | £350,616 | £10,340 |
| Property Price € | €400,000 |
| Minimum cost in the last six months | £340,276 |
| Maximum cost in the last six months | £350,616 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £10,340 |
Lagos, 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 €400,000 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 |
|---|---|---|---|
| €400,000 | £340,276 | £350,616 | £10,340 |
| Property Price € | €400,000 |
| Minimum cost in the last six months | £340,276 |
| Maximum cost in the last six months | £350,616 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £10,340 |
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 £10,340 more.
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