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Large construction plot with sea view for sale Central Algarve
Loule, Portugal
REF: 789104
€550,000
Description
This plot is located at the edge of the town of Boliqueime, and minutes from the Vilamoura marina, International school and all amenities. The plot has 4618 m2 and it is within the urban area of the town, so it is constructible for up to 450 m2 plus basement. The construction can be applied to one single villa, or other type of houses, such as two attached homes of 225 m2 each. The plot has distant seaviews and the surroundings are of rustic and traditional large residences. An ideal setting for a home in the Algarve.
This plot is located at the edge of the town of Boliqueime, and minutes from the Vilamoura marina, International school and all amenities. The plot has 4618 m2 and it is within the urban area of the town, so it is constructible for up to 450 m2 plus basement. The construction can be applied to one single villa, or other type of houses, such as two attached homes of 225 m2 each. The plot has distant seaviews and the surroundings are of rustic and traditional large residences. An ideal setting for a home in the Algarve.
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Currency Exchange
Loule, 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 €550,000 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 |
|---|---|---|---|
| €550,000 | £467,880 | £482,097 | £14,218 |
| Property Price € | €550,000 |
| Minimum cost in the last six months | £467,880 |
| Maximum cost in the last six months | £482,097 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £14,218 |
Loule, 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 €550,000 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 |
|---|---|---|---|
| €550,000 | £467,880 | £482,097 | £14,218 |
| Property Price € | €550,000 |
| Minimum cost in the last six months | £467,880 |
| Maximum cost in the last six months | £482,097 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £14,218 |
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 £14,218 more.
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