LAND FOR CONSTRUCTION OF CONDOMINIUM IN SOUTH ALMANCIL An architectural project for a condominium with 15 semi-detached houses was presented to the Municipality of Loulé: - Each Villa will consist of R/C - 1st floor Rooftop basement + swimming pool - Housing area for the 15 Villas 3,233

Loulé, Faro, Portugal

For Sale

€3,500,000

REF: 750694 €3,500,000



6467 m2

6467 m2

Description

LAND FOR CONSTRUCTION OF CONDOMINIUM IN SOUTH ALMANCIL An architectural project for a condominium with 15 semi-detached houses was presented to the Municipality of Loulé: - Each Villa will consist of R/C - 1st floor Rooftop basement + swimming pool - Housing area for the 15 Villas 3,233. 50 m2 + basement This magnificent opportunity lies between Almancil and Quinta do Lago.

This land with 6467m2 has already PIP approved and also has a project in the Municipality of Loulé, with a gross construction area of 3233m2. The project allows for the construction of a private condominium, which consists of 15 villas. Each villa will have three floors plus a basement, distributed as follows: On the ground floor will be the living room with access to the garden and own private pool.

There is also a good sized dining room, kitchen and also a guest bathroom. On the first floor we will have three fantastic and good size suites. The project also allows that each villa will have a rooftop terrace with fantastic views. Situated in an area with excellent access, just minutes drive from the beautiful Ancão beach, Quinta do Lago, Vilamoura a range of fantastic golf courses, shops, restaurants and all amenities.

Don't miss the opportunity to be part of this magnificent project in one of the most beautiful areas of the Algarve. The land faces a quiet public road, therefore you have access to the public network of mains water and sewage. 5 minutes drive to the beaches 10 minutes drive to local and International schools Central but quiet location Good access 5 minutes drive to the supermarkets, restaurants etc. For more information, to see the video or to schedule a visit please get in touch! #ref: 107483
LAND FOR CONSTRUCTION OF CONDOMINIUM IN SOUTH ALMANCIL An architectural project for a condominium with 15 semi-detached houses was presented to the Municipality of Loulé: - Each Villa will consist of R/C - 1st floor Rooftop basement + swimming pool - Housing area for the 15 Villas 3,233. 50 m2 + basement This magnificent opportunity lies between Almancil and Quinta do Lago.

This land with 6467m2 has already PIP approved and also has a project in the Municipality of Loulé, with a gross construction area of 3233m2. The project allows for the construction of a private condominium, which consists of 15 villas. Each villa will have three floors plus a basement, distributed as follows: On the ground floor will be the living room with access to the garden and own private pool.

There is also a good sized dining room, kitchen and also a guest bathroom. On the first floor we will have three fantastic and good size suites. The project also allows that each villa will have a rooftop terrace with fantastic views. Situated in an area with excellent access, just minutes drive from the beautiful Ancão beach, Quinta do Lago, Vilamoura a range of fantastic golf courses, shops, restaurants and all amenities.

Don't miss the opportunity to be part of this magnificent project in one of the most beautiful areas of the Algarve. The land faces a quiet public road, therefore you have access to the public network of mains water and sewage. 5 minutes drive to the beaches 10 minutes drive to local and International schools Central but quiet location Good access 5 minutes drive to the supermarkets, restaurants etc. For more information, to see the video or to schedule a visit please get in touch! #ref: 107483
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Property on Map

#107483

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 €3,500,000 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
€3,500,000 £2,977,415 £3,067,890 £90,475
Property Price € €3,500,000
Minimum cost in the last six months £2,977,415
Maximum cost in the last six months £3,067,890
Fluctuating exchange rates over the last six months could have increased the cost of this property by £90,475

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 €3,500,000 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
€3,500,000 £2,977,415 £3,067,890 £90,475
Property Price € €3,500,000
Minimum cost in the last six months £2,977,415
Maximum cost in the last six months £3,067,890
Fluctuating exchange rates over the last six months could have increased the cost of this property by £90,475

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 £90,475 more.

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