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Large Plot of Land For Sale in Almancil
Loulé, Faro, Portugal, 8135-011
REF: 752026
€1,475,000
Description
Fantastic land for sale in the Algarve, Portugal, providing a great opportunity to design and build a home to your own personal preferences. With a total construction area of 370m2 plus a basement and land area 1055m2, there is plenty of space to get creative. Homes in Portugal are in high demand not for retirement or permanent purposes, but also for rental investments. A large plot of land for sale situated in the private development of Vilas Alvas, which is found between the prestigious resorts of Quinta do Lago and Vale do Lobo. Whether using as a permanent residence, somewhere to holiday, or as a rental investment, this piece of land offers a total area of 1,055,m2, providing an opportunity to build the home you've always envisioned. Construction allows for a total area of 370m2 plus a basement, landscaped gardens and a private pool.
Ideally located, this plot is within close proximity to blue flag beaches, world renowned golf courses and local amenities, all of which are fantastic advantages and conveniences when picking a location to invest. Additionally, Faro International airport is only a short twenty minute drive away, and it is an even shorter (five minutes) drive to Praia do Garrão.
Fantastic land for sale in the Algarve, Portugal, providing a great opportunity to design and build a home to your own personal preferences. With a total construction area of 370m2 plus a basement and land area 1055m2, there is plenty of space to get creative. Homes in Portugal are in high demand not for retirement or permanent purposes, but also for rental investments. A large plot of land for sale situated in the private development of Vilas Alvas, which is found between the prestigious resorts of Quinta do Lago and Vale do Lobo. Whether using as a permanent residence, somewhere to holiday, or as a rental investment, this piece of land offers a total area of 1,055,m2, providing an opportunity to build the home you've always envisioned. Construction allows for a total area of 370m2 plus a basement, landscaped gardens and a private pool.
Ideally located, this plot is within close proximity to blue flag beaches, world renowned golf courses and local amenities, all of which are fantastic advantages and conveniences when picking a location to invest. Additionally, Faro International airport is only a short twenty minute drive away, and it is an even shorter (five minutes) drive to Praia do Garrão.
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Currency Exchange
Loulé, Faro, Portugal, 8135-011
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 €1,475,000 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 |
|---|---|---|---|
| €1,475,000 | £1,254,768 | £1,291,259 | £36,492 |
| Property Price € | €1,475,000 |
| Minimum cost in the last six months | £1,254,768 |
| Maximum cost in the last six months | £1,291,259 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £36,492 |
Loulé, Faro, Portugal, 8135-011
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 €1,475,000 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 |
|---|---|---|---|
| €1,475,000 | £1,254,768 | £1,291,259 | £36,492 |
| Property Price € | €1,475,000 |
| Minimum cost in the last six months | £1,254,768 |
| Maximum cost in the last six months | £1,291,259 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £36,492 |
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 £36,492 more.
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