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Land includes a magnificent project approved for the construction of 50 studios with a total area of 2,255 square meters, located in the heart of Foz do Douro between the Foz market and Praça Liége, a few steps from the beach and Brasil Avenue
Foz do Douro, Porto, Portugal
REF: 713464
€3,000,000
Description
Land includes a magnificent project approved for the construction of 50 studios with a total area of 2,255 square meters, located in the heart of Foz do Douro between the Foz market and Praça Liége, a few steps from the beach and Brasil Avenue. Inserted within the Urban Rehabilitation Area of Foz Velha The project already has the architecture and specialties licenses approved by the Camara do Porto, which are updated and ready to move forward with the work, Unique investment opportunity in a privileged location with an average rental value of around EUR1200 per month, being an area of sustainable growth it is also eligible for AL. We have more information available, contact us! Castelhana is a Portuguese real estate agency present in the domestic market for over 20 years, specialized in prime residential real estate and recognized for the launch of some of the most distinguished developments in Portugal. Founded in 1999, Castelhana provides a full service in business brokerage. We are specialists in investment and in the commercialization of real estate. In Porto, we are based in Foz Do Douro, one of the noblest places in the city. In Lisbon, in Chiado, one of the most emblematic and traditional areas of the capital and in the Algarve region next to the renowned Vilamoura Marina. We are waiting for you. We have a team available to give you the best support in your next real estate investment. Contact us!
Land includes a magnificent project approved for the construction of 50 studios with a total area of 2,255 square meters, located in the heart of Foz do Douro between the Foz market and Praça Liége, a few steps from the beach and Brasil Avenue. Inserted within the Urban Rehabilitation Area of Foz Velha The project already has the architecture and specialties licenses approved by the Camara do Porto, which are updated and ready to move forward with the work, Unique investment opportunity in a privileged location with an average rental value of around EUR1200 per month, being an area of sustainable growth it is also eligible for AL. We have more information available, contact us! Castelhana is a Portuguese real estate agency present in the domestic market for over 20 years, specialized in prime residential real estate and recognized for the launch of some of the most distinguished developments in Portugal. Founded in 1999, Castelhana provides a full service in business brokerage. We are specialists in investment and in the commercialization of real estate. In Porto, we are based in Foz Do Douro, one of the noblest places in the city. In Lisbon, in Chiado, one of the most emblematic and traditional areas of the capital and in the Algarve region next to the renowned Vilamoura Marina. We are waiting for you. We have a team available to give you the best support in your next real estate investment. Contact us!
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Currency Exchange
Foz do Douro, Porto, 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 €3,000,000 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 |
|---|---|---|---|
| €3,000,000 | £2,552,070 | £2,629,620 | £77,550 |
| Property Price € | €3,000,000 |
| Minimum cost in the last six months | £2,552,070 |
| Maximum cost in the last six months | £2,629,620 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £77,550 |
Foz do Douro, Porto, 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 €3,000,000 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 |
|---|---|---|---|
| €3,000,000 | £2,552,070 | £2,629,620 | £77,550 |
| Property Price € | €3,000,000 |
| Minimum cost in the last six months | £2,552,070 |
| Maximum cost in the last six months | £2,629,620 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £77,550 |
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 £77,550 more.
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