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Almancil - Algarve - Portugal Franck Salomon presents a unique real estate investment opportunity
Loulé, Faro, Portugal
REF: 704519
€390,000
Description
Almancil - Algarve - Portugal Franck Salomon presents a unique real estate investment opportunity. We are excited to offer you the chance to acquire an urban plot of land measuring 656 sqm in a prime location on the N125. Currently leased to a car seller with a contract in place until January 2024, this plot of land offers multiple possibilities for real estate investors seeking a solid investment. Located in a lively and growing area, this plot of land is ideally situated for commercial or industrial businesses. With a large flat surface, it is perfectly suited for the construction of a warehouse, store, or commercial building. The possibilities are endless. Furthermore, the current rental situation provides a solid rental income until January 2024, offering an excellent opportunity for investors looking to generate stable passive income. Don't miss out on this unique opportunity to invest in real estate and own a quality urban plot of land in a prime location. Contact us now to schedule a visit and learn more about this exclusive offer. #ref: 97764
Almancil - Algarve - Portugal Franck Salomon presents a unique real estate investment opportunity. We are excited to offer you the chance to acquire an urban plot of land measuring 656 sqm in a prime location on the N125. Currently leased to a car seller with a contract in place until January 2024, this plot of land offers multiple possibilities for real estate investors seeking a solid investment. Located in a lively and growing area, this plot of land is ideally situated for commercial or industrial businesses. With a large flat surface, it is perfectly suited for the construction of a warehouse, store, or commercial building. The possibilities are endless. Furthermore, the current rental situation provides a solid rental income until January 2024, offering an excellent opportunity for investors looking to generate stable passive income. Don't miss out on this unique opportunity to invest in real estate and own a quality urban plot of land in a prime location. Contact us now to schedule a visit and learn more about this exclusive offer. #ref: 97764
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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 €390,000 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 |
|---|---|---|---|
| €390,000 | £331,769 | £341,851 | £10,082 |
| Property Price € | €390,000 |
| Minimum cost in the last six months | £331,769 |
| Maximum cost in the last six months | £341,851 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £10,082 |
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 €390,000 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 |
|---|---|---|---|
| €390,000 | £331,769 | £341,851 | £10,082 |
| Property Price € | €390,000 |
| Minimum cost in the last six months | £331,769 |
| Maximum cost in the last six months | £341,851 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £10,082 |
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 £10,082 more.
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