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Large plot for construction with approved project, for sale Lagoa, Algarve
Lagoa, Portugal
REF: 959761
€890,000
Description
This beautiful plot is located in Lagoa, near the International school, and close to Benagil beach. The plot, with a total area of 28520 m2 has a project for developing a villa with a footprint area of 293m2. With a basement of 160 m2, this villa will provide a large living space as well as garage, swimming pool and terrace. The unique layout of this property provides plenty of light and it is designed to maximize its south exposure. From the main entrance, the hall splits two areas of the property. On the right side and a few steps down, you have an area ideal for a gym/ sauna, etc. and bathroom. Towards the left side of the entrance hall, is the open concept living area with kitchen and dining area with large windows opening to the swimming pool terrace. A few steps upwards, the four en-suite bedrooms line up to the south wing. The garage, suitable for 3+ vehicles is in the basement, and there is also a carport for guest parking. The swimming pool is 5x12 and has a Jacuzzi area. This location is idea for reaching the Vale do Milho golf, International Schools, and all emenities within 10 minutes drive.
This beautiful plot is located in Lagoa, near the International school, and close to Benagil beach. The plot, with a total area of 28520 m2 has a project for developing a villa with a footprint area of 293m2. With a basement of 160 m2, this villa will provide a large living space as well as garage, swimming pool and terrace. The unique layout of this property provides plenty of light and it is designed to maximize its south exposure. From the main entrance, the hall splits two areas of the property. On the right side and a few steps down, you have an area ideal for a gym/ sauna, etc. and bathroom. Towards the left side of the entrance hall, is the open concept living area with kitchen and dining area with large windows opening to the swimming pool terrace. A few steps upwards, the four en-suite bedrooms line up to the south wing. The garage, suitable for 3+ vehicles is in the basement, and there is also a carport for guest parking. The swimming pool is 5x12 and has a Jacuzzi area. This location is idea for reaching the Vale do Milho golf, International Schools, and all emenities within 10 minutes drive.
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Currency Exchange
Lagoa, 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 €890,000 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 |
|---|---|---|---|
| €890,000 | £733,271 | £772,600 | £39,329 |
| Property Price € | €890,000 |
| Minimum cost in the last six months | £733,271 |
| Maximum cost in the last six months | £772,600 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £39,329 |
Lagoa, 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 €890,000 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 |
|---|---|---|---|
| €890,000 | £733,271 | £772,600 | £39,329 |
| Property Price € | €890,000 |
| Minimum cost in the last six months | £733,271 |
| Maximum cost in the last six months | £772,600 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £39,329 |
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 £39,329 more.
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