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Development Land for Sale in the countryside of Silves/Sao Bartolomeu de Messines- EUR 65,000 Looking to enjoy a tranquil lifestyle in Central Algarve and live in full harmony with nature in a house designed by you and for you? If so, this property is for you
Silves, Faro, Portugal
REF: 810824
€65,000
Description
Development Land for Sale in the countryside of Silves/Sao Bartolomeu de Messines- EUR 65,000 Looking to enjoy a tranquil lifestyle in Central Algarve and live in full harmony with nature in a house designed by you and for you? If so, this property is for you. This plot of 2,720m2 is located in Cumeada, a small community between the picturesque castle town of Silves and São Bartolomeu de Messines. Cumeada is surrounded by stunning nature and within close distance to local amenities: 8 minutes to Intermarche 15 minutes to Silves 20 minutes to Nobel School 25 minutes to the beach Armação de Pêra 25 minutes to Aqua Shopping Center 10 minutes to Arade Lake 20 min to Amendoeira Golf course 45 minutes to Faro Airport The land is currently classified as rustic, however it is located in a residential area whereas similar neighboring lands have been approved for residential development. In fact, we anticipate that a two story house of ~250m2 could be built. If you are interested, a meeting with the Camara can be organized to verify the constructibility of the land. For indicative purposes, the land is roughly 22 meters wide and 134 meters long. If you prefer to acquire a development land with a fully approved project, we have one for sale in the same area with an asking price of EUR 119,000. For more information whatsapp + 351 912 222 159 #ref: 115746
Development Land for Sale in the countryside of Silves/Sao Bartolomeu de Messines- EUR 65,000 Looking to enjoy a tranquil lifestyle in Central Algarve and live in full harmony with nature in a house designed by you and for you? If so, this property is for you. This plot of 2,720m2 is located in Cumeada, a small community between the picturesque castle town of Silves and São Bartolomeu de Messines. Cumeada is surrounded by stunning nature and within close distance to local amenities: 8 minutes to Intermarche 15 minutes to Silves 20 minutes to Nobel School 25 minutes to the beach Armação de Pêra 25 minutes to Aqua Shopping Center 10 minutes to Arade Lake 20 min to Amendoeira Golf course 45 minutes to Faro Airport The land is currently classified as rustic, however it is located in a residential area whereas similar neighboring lands have been approved for residential development. In fact, we anticipate that a two story house of ~250m2 could be built. If you are interested, a meeting with the Camara can be organized to verify the constructibility of the land. For indicative purposes, the land is roughly 22 meters wide and 134 meters long. If you prefer to acquire a development land with a fully approved project, we have one for sale in the same area with an asking price of EUR 119,000. For more information whatsapp + 351 912 222 159 #ref: 115746
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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 €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 | £55,295 | £56,481 | £1,186 |
| Property Price € | €65,000 |
| Minimum cost in the last six months | £55,295 |
| Maximum cost in the last six months | £56,481 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £1,186 |
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 €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 | £55,295 | £56,481 | £1,186 |
| Property Price € | €65,000 |
| Minimum cost in the last six months | £55,295 |
| Maximum cost in the last six months | £56,481 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £1,186 |
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 £1,186 more.
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