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This is a fantastic opportunity to purchase a plot of flat land with an area of 7600m2 in Vale Formoso with a wonderful sea view! The plot is situated just below the popular urbanisation "The Crest"
Loulé, Faro, Portugal
REF: 749101
€1,600,000
Description
This is a fantastic opportunity to purchase a plot of flat land with an area of 7600m2 in Vale Formoso with a wonderful sea view! The plot is situated just below the popular urbanisation "The Crest". This plot offers a unique opportunity, with a project in licensing process for the construction of a large detached villa. The project allows for a total area of 450m2, distributed over two floors above ground, plus a basement for parking and storage. With a contemporary architecture, the project presents a spacious 4 bedroom villa. On the ground floor, you will find the social areas, such as the living room, the kitchen and a service bathroom. In addition, there are two generous bedrooms, designed with accessibility for people with reduced mobility. On the upper floor, there are two more bedrooms and terraces facing towards the sea, offering beautiful views. The plot has excellent access and is connected to the public electricity, communications, sewage and water networks nearby. It is important to note that the value of the land does not include the construction of the proposed project. This is a unique opportunity to acquire a large and well located plot, ready to realize your dream housing project. The plot located in Vale Formoso boasts a privileged location. Only 10 minutes from the beaches, 10 minutes to Vale do Lobo, Quinta Do Lago and Vilamoura. 15 minutes drive to Faro airport 5-10 minutes drive to 3 international schools 5 minutes drive to the local supermarkets and all amenities #ref: 107144
This is a fantastic opportunity to purchase a plot of flat land with an area of 7600m2 in Vale Formoso with a wonderful sea view! The plot is situated just below the popular urbanisation "The Crest". This plot offers a unique opportunity, with a project in licensing process for the construction of a large detached villa. The project allows for a total area of 450m2, distributed over two floors above ground, plus a basement for parking and storage. With a contemporary architecture, the project presents a spacious 4 bedroom villa. On the ground floor, you will find the social areas, such as the living room, the kitchen and a service bathroom. In addition, there are two generous bedrooms, designed with accessibility for people with reduced mobility. On the upper floor, there are two more bedrooms and terraces facing towards the sea, offering beautiful views. The plot has excellent access and is connected to the public electricity, communications, sewage and water networks nearby. It is important to note that the value of the land does not include the construction of the proposed project. This is a unique opportunity to acquire a large and well located plot, ready to realize your dream housing project. The plot located in Vale Formoso boasts a privileged location. Only 10 minutes from the beaches, 10 minutes to Vale do Lobo, Quinta Do Lago and Vilamoura. 15 minutes drive to Faro airport 5-10 minutes drive to 3 international schools 5 minutes drive to the local supermarkets and all amenities #ref: 107144
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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 €1,600,000 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 |
|---|---|---|---|
| €1,600,000 | £1,361,104 | £1,402,464 | £41,360 |
| Property Price € | €1,600,000 |
| Minimum cost in the last six months | £1,361,104 |
| Maximum cost in the last six months | £1,402,464 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £41,360 |
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 €1,600,000 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 |
|---|---|---|---|
| €1,600,000 | £1,361,104 | £1,402,464 | £41,360 |
| Property Price € | €1,600,000 |
| Minimum cost in the last six months | £1,361,104 |
| Maximum cost in the last six months | £1,402,464 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £41,360 |
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 £41,360 more.
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