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Plot in Pêra with approved project for 14 houses
Silves, Faro, Portugal, 8365-200
REF: 739570
€875,000
Description
Plot in a central location with an approved project to construct 14 houses. Just a five-minute drive to the amazing Praia Grande, Armação de Pêra, and close to the centre of Pêra where you can find all types of amenities. The project consists of ten townhouses and two detached villas. The houses will have 2 storeys and a basement, built areas of 180 m² - 200 m², and are designed with three or four bedrooms.
The built areas of each unit can be increased by up to 20% as long as they are allocated as outdoor spaces such as porches, balconies, or covered terraces. In addition to the private garage (basement), the condominium will also have parking space. The lovely old village of Pêra, close to the coast, is a maize of narrow cobbled streets, lined with typical Algarvian houses. Never quite sure where one will end up, but always pleasantly surprised. There has been quite a lot of recent development of villas & apartments on the outskirts of the village.
There are two beautiful churches in the old part, with hundreds of swallows circling them, trying to find the best area under the roof tiles to build their nests.
You can find most things on the main street, such as, daily food market, bank, pharmacy, cafes and restaurants. It leads to the EN125, the old main road running between the East & West of the Algarve. Within a short drive you have, golf, equestrian centres and shows, Zoomarine, Waterparks, beautiful beaches and Algarve Shopping.
Plot in a central location with an approved project to construct 14 houses. Just a five-minute drive to the amazing Praia Grande, Armação de Pêra, and close to the centre of Pêra where you can find all types of amenities. The project consists of ten townhouses and two detached villas. The houses will have 2 storeys and a basement, built areas of 180 m² - 200 m², and are designed with three or four bedrooms.
The built areas of each unit can be increased by up to 20% as long as they are allocated as outdoor spaces such as porches, balconies, or covered terraces. In addition to the private garage (basement), the condominium will also have parking space. The lovely old village of Pêra, close to the coast, is a maize of narrow cobbled streets, lined with typical Algarvian houses. Never quite sure where one will end up, but always pleasantly surprised. There has been quite a lot of recent development of villas & apartments on the outskirts of the village.
There are two beautiful churches in the old part, with hundreds of swallows circling them, trying to find the best area under the roof tiles to build their nests.
You can find most things on the main street, such as, daily food market, bank, pharmacy, cafes and restaurants. It leads to the EN125, the old main road running between the East & West of the Algarve. Within a short drive you have, golf, equestrian centres and shows, Zoomarine, Waterparks, beautiful beaches and Algarve Shopping.
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Property on Map
Currency Exchange
Silves, Faro, Portugal, 8365-200
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 €875,000 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 |
|---|---|---|---|
| €875,000 | £744,354 | £766,973 | £22,619 |
| Property Price € | €875,000 |
| Minimum cost in the last six months | £744,354 |
| Maximum cost in the last six months | £766,973 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £22,619 |
Silves, Faro, Portugal, 8365-200
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 €875,000 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 |
|---|---|---|---|
| €875,000 | £744,354 | £766,973 | £22,619 |
| Property Price € | €875,000 |
| Minimum cost in the last six months | £744,354 |
| Maximum cost in the last six months | £766,973 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £22,619 |
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 £22,619 more.
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