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Situated in the heart of the enchanting Algarve, this 15,972 m² plot of land offers a unique opportunity to bring to life the project of your dream home
Silves, Faro, Portugal
REF: 790828
€245,000
Description
Situated in the heart of the enchanting Algarve, this 15,972 m² plot of land offers a unique opportunity to bring to life the project of your dream home. With breathtaking sea views and a south-facing orientation, the plot comes with an approved architectural project for the restoration of a charming ruin. The project includes the construction of an elegant single-story villa with 2~3 bedrooms, totalling up to 240 m² of built area, along with a pool and a stylish perimeter fence. The plot already benefits from access to water and electricity from the public network, ensuring convenience and ease for project realization. Located near the picturesque village of Paderne, the plot boasts a strategic location with easy access to just 12 km from Albufeira and a mere 35 km from Faro Airport. This is a unique opportunity to create a personalized retreat in one of Portugal's most charming regions. Don't miss the chance to turn this exceptional setting into the home you've always envisioned. Schedule your visit now and uncover the full potential of this magnificent plot of land. #ref: 112562
Situated in the heart of the enchanting Algarve, this 15,972 m² plot of land offers a unique opportunity to bring to life the project of your dream home. With breathtaking sea views and a south-facing orientation, the plot comes with an approved architectural project for the restoration of a charming ruin. The project includes the construction of an elegant single-story villa with 2~3 bedrooms, totalling up to 240 m² of built area, along with a pool and a stylish perimeter fence. The plot already benefits from access to water and electricity from the public network, ensuring convenience and ease for project realization. Located near the picturesque village of Paderne, the plot boasts a strategic location with easy access to just 12 km from Albufeira and a mere 35 km from Faro Airport. This is a unique opportunity to create a personalized retreat in one of Portugal's most charming regions. Don't miss the chance to turn this exceptional setting into the home you've always envisioned. Schedule your visit now and uncover the full potential of this magnificent plot of land. #ref: 112562
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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 €245,000 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 |
|---|---|---|---|
| €245,000 | £208,419 | £214,752 | £6,333 |
| Property Price € | €245,000 |
| Minimum cost in the last six months | £208,419 |
| Maximum cost in the last six months | £214,752 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £6,333 |
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 €245,000 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 |
|---|---|---|---|
| €245,000 | £208,419 | £214,752 | £6,333 |
| Property Price € | €245,000 |
| Minimum cost in the last six months | £208,419 |
| Maximum cost in the last six months | £214,752 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £6,333 |
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 £6,333 more.
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