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Opportunity to buy land for building
Loulé, Faro, Portugal, 8100-030
REF: 782464
€65,000
Description
Opportunity to buy land for construction. Located in a quiet area in the parish of Alte. This investment opportunity presents a large plot of land of 1097 m2 in a peaceful location within the quiet parish of Alte. The current regional development plan allows for constructing a property with a footprint of 162 m2 . This offers the chance to build your dream home in a serene and pleasant environment. Please note that submitting a project for approval is necessary. Take advantage of this unique opportunity to acquire your own space in a peaceful haven.
Opportunity to buy land for construction. Located in a quiet area in the parish of Alte. This investment opportunity presents a large plot of land of 1097 m2 in a peaceful location within the quiet parish of Alte. The current regional development plan allows for constructing a property with a footprint of 162 m2 . This offers the chance to build your dream home in a serene and pleasant environment. Please note that submitting a project for approval is necessary. Take advantage of this unique opportunity to acquire your own space in a peaceful haven.
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Currency Exchange
Loulé, Faro, Portugal, 8100-030
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 €65,000 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 |
|---|---|---|---|
| €65,000 | £53,654 | £56,427 | £2,773 |
| Property Price € | €65,000 |
| Minimum cost in the last six months | £53,654 |
| Maximum cost in the last six months | £56,427 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £2,773 |
Loulé, Faro, Portugal, 8100-030
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 €65,000 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 |
|---|---|---|---|
| €65,000 | £53,654 | £56,427 | £2,773 |
| Property Price € | €65,000 |
| Minimum cost in the last six months | £53,654 |
| Maximum cost in the last six months | £56,427 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £2,773 |
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 £2,773 more.
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