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Plot +Approved Project for two villas
Faro, Faro, Portugal, 8005-534
REF: 754597
€375,000
Description
Approved Project for two contemporary villas, open views to the countryside and the coast, perfect location in a rural area between the cities of Loulé and Faro. Building plot located in a quiet and rural area but close to everything you need, faces south and has a slight slope and for this reason it is possible to enjoy a view to the countryside and the coast.
The approval of the architectural project by the Council office marks a significant milestone in the development process. It signifies that the project has met all the necessary regulations and standards set forth by the local government.
Each villa has four bedrooms spread across two floors and a total of 243 m2 of construction plus a sizable basement, swimming pool and private garden in a plot of 673 m2 for each property, nicely integrated into the natural environment. Features a minimalist and very functional style, each house comprises on the ground floor a bright lounge leading the pool and terrace area, kitchen, two en-suite bedrooms, laundry room and a cloakroom. The first floor consists of two en-suite bedrooms and a fantastic terrace.
Close to the shopping center has easy access to both the Faro city and the airport as well as Loulé city, offering gastronomic, cultural activities and much more. Due its location, the stage of the project, the location and surroundings, this is undoubtedly a great investment.
Approved Project for two contemporary villas, open views to the countryside and the coast, perfect location in a rural area between the cities of Loulé and Faro. Building plot located in a quiet and rural area but close to everything you need, faces south and has a slight slope and for this reason it is possible to enjoy a view to the countryside and the coast.
The approval of the architectural project by the Council office marks a significant milestone in the development process. It signifies that the project has met all the necessary regulations and standards set forth by the local government.
Each villa has four bedrooms spread across two floors and a total of 243 m2 of construction plus a sizable basement, swimming pool and private garden in a plot of 673 m2 for each property, nicely integrated into the natural environment. Features a minimalist and very functional style, each house comprises on the ground floor a bright lounge leading the pool and terrace area, kitchen, two en-suite bedrooms, laundry room and a cloakroom. The first floor consists of two en-suite bedrooms and a fantastic terrace.
Close to the shopping center has easy access to both the Faro city and the airport as well as Loulé city, offering gastronomic, cultural activities and much more. Due its location, the stage of the project, the location and surroundings, this is undoubtedly a great investment.
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Currency Exchange
Faro, Faro, Portugal, 8005-534
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 €375,000 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 |
|---|---|---|---|
| €375,000 | £308,963 | £325,534 | £16,571 |
| Property Price € | €375,000 |
| Minimum cost in the last six months | £308,963 |
| Maximum cost in the last six months | £325,534 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £16,571 |
Faro, Faro, Portugal, 8005-534
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 €375,000 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 |
|---|---|---|---|
| €375,000 | £308,963 | £325,534 | £16,571 |
| Property Price € | €375,000 |
| Minimum cost in the last six months | £308,963 |
| Maximum cost in the last six months | £325,534 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £16,571 |
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 £16,571 more.
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