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Mixed land, comprising one urban item and three rustic ones, with the possibility of a project to build a small tourist complex, comprising ten bedrooms and bathrooms, a huge swimming pool, reception, laundry, restaurant and lounge, a technical and storage area, and a car park
Albufeira, Faro, Portugal
REF: 726524
€795,000
Description
Mixed land, comprising one urban item and three rustic ones, with the possibility of a project to build a small tourist complex, comprising ten bedrooms and bathrooms, a huge swimming pool, reception, laundry, restaurant and lounge, a technical and storage area, and a car park. The construction area is 600m2, spread over two U-shaped living areas, with the possibility of extending the construction area up to 2000m2. The project is currently being appraised for the construction and allocation of a property to the tourist activity of local or rural accommodation. The purchaser of the land will be able to give it a different use and destination, proposing another project, and there is viability for industry, logistics, housing and hotels. The rustic areas can be used for agriculture in different ways. Located in the interior of the Algarve, in a quiet area with access to the National 125 and Via do Infante motorways, the various beaches and close to all kinds of shops and essential goods. The area has water and electricity. A safe investment with enormous potential and maximum profitability. #ref: 102494
Mixed land, comprising one urban item and three rustic ones, with the possibility of a project to build a small tourist complex, comprising ten bedrooms and bathrooms, a huge swimming pool, reception, laundry, restaurant and lounge, a technical and storage area, and a car park. The construction area is 600m2, spread over two U-shaped living areas, with the possibility of extending the construction area up to 2000m2. The project is currently being appraised for the construction and allocation of a property to the tourist activity of local or rural accommodation. The purchaser of the land will be able to give it a different use and destination, proposing another project, and there is viability for industry, logistics, housing and hotels. The rustic areas can be used for agriculture in different ways. Located in the interior of the Algarve, in a quiet area with access to the National 125 and Via do Infante motorways, the various beaches and close to all kinds of shops and essential goods. The area has water and electricity. A safe investment with enormous potential and maximum profitability. #ref: 102494
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Currency Exchange
Albufeira, 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 €795,000 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 |
|---|---|---|---|
| €795,000 | £676,299 | £696,849 | £20,551 |
| Property Price € | €795,000 |
| Minimum cost in the last six months | £676,299 |
| Maximum cost in the last six months | £696,849 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £20,551 |
Albufeira, 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 €795,000 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 |
|---|---|---|---|
| €795,000 | £676,299 | £696,849 | £20,551 |
| Property Price € | €795,000 |
| Minimum cost in the last six months | £676,299 |
| Maximum cost in the last six months | £696,849 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £20,551 |
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 £20,551 more.
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