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Great opportunity! Plot of 649 sqm available in the prestigious 'Fazenda da Caravela' development, located in Poço Frito, Alcantarilha
Silves, Faro, Portugal
REF: 789266
€170,000
Description
Great opportunity! Plot of 649 sqm available in the prestigious 'Fazenda da Caravela' development, located in Poço Frito, Alcantarilha. This plot comes with an approved project for the construction of a modern detached house, arranged on a single ground floor, providing stunning views of the 'Amendoeira Golf Resort.' The planned construction area is 166 sqm, featuring an interior layout consisting of three bedrooms (one of them a suite with an open closet), kitchen, living room, and three bathrooms. The entire project has already been approved by the Silves Municipal Council, and all that remains is to apply for the permit to commence construction. Don't miss out on this opportunity! Schedule your visit now to get a closer look at this ideal location for building your future home. We are available to provide more details and answer all your questions. Contact us today! #ref: 112203
Great opportunity! Plot of 649 sqm available in the prestigious 'Fazenda da Caravela' development, located in Poço Frito, Alcantarilha. This plot comes with an approved project for the construction of a modern detached house, arranged on a single ground floor, providing stunning views of the 'Amendoeira Golf Resort.' The planned construction area is 166 sqm, featuring an interior layout consisting of three bedrooms (one of them a suite with an open closet), kitchen, living room, and three bathrooms. The entire project has already been approved by the Silves Municipal Council, and all that remains is to apply for the permit to commence construction. Don't miss out on this opportunity! Schedule your visit now to get a closer look at this ideal location for building your future home. We are available to provide more details and answer all your questions. Contact us today! #ref: 112203
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Currency Exchange
Silves, 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 €170,000 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 |
|---|---|---|---|
| €170,000 | £144,617 | £148,436 | £3,818 |
| Property Price € | €170,000 |
| Minimum cost in the last six months | £144,617 |
| Maximum cost in the last six months | £148,436 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £3,818 |
Silves, 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 €170,000 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 |
|---|---|---|---|
| €170,000 | £144,617 | £148,436 | £3,818 |
| Property Price € | €170,000 |
| Minimum cost in the last six months | £144,617 |
| Maximum cost in the last six months | £148,436 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £3,818 |
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 £3,818 more.
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