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Urban Land for Building Construction 29 Apartments
Silves, Faro, Portugal
REF: 967068
€1,185,000
Description
Excellent investment opportunity in Armação de Pêra, in an area of strong residential and tourist expansion! 📍 Privileged Location - Quinta dos Arcos, Lot 8, Armação de Pêra (https://maps.app.goo.gl/3H8VgkARuQZEcBG59) - Only 650 meters from the beach - Close to supermarkets, schools, shops and services - Good access to the EN125 and A22 📐 Terrain Features - Total land area: 929 m - Implementation area: 457.5 m - Gross construction area: 2,745 m 🏢 Viable Project (second subdivision permit) - Construction of 29 apartments: 8 T1 and 21 T2 - 6 floors in total and 1 basement floor (for parking) - 27 parking spaces in the basement 🌟 Highlights - Strategic location in one of the most valued areas of Armação de Pêra - Strong potential for permanent housing or the tourist rental market - Excellent sun exposure - Consolidated and modern urbanization Ideal for property developers and investors looking to develop a solid project with high profitability in the Algarve. For more information or to schedule a meeting/site visit, contact us: 📞 351 962 808 558 or 351 968 512 446 (call to national mobile network)
Excellent investment opportunity in Armação de Pêra, in an area of strong residential and tourist expansion! 📍 Privileged Location - Quinta dos Arcos, Lot 8, Armação de Pêra (https://maps.app.goo.gl/3H8VgkARuQZEcBG59) - Only 650 meters from the beach - Close to supermarkets, schools, shops and services - Good access to the EN125 and A22 📐 Terrain Features - Total land area: 929 m - Implementation area: 457.5 m - Gross construction area: 2,745 m 🏢 Viable Project (second subdivision permit) - Construction of 29 apartments: 8 T1 and 21 T2 - 6 floors in total and 1 basement floor (for parking) - 27 parking spaces in the basement 🌟 Highlights - Strategic location in one of the most valued areas of Armação de Pêra - Strong potential for permanent housing or the tourist rental market - Excellent sun exposure - Consolidated and modern urbanization Ideal for property developers and investors looking to develop a solid project with high profitability in the Algarve. For more information or to schedule a meeting/site visit, contact us: 📞 351 962 808 558 or 351 968 512 446 (call to national mobile network)
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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 €1,185,000 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 |
|---|---|---|---|
| €1,185,000 | £976,322 | £1,028,687 | £52,365 |
| Property Price € | €1,185,000 |
| Minimum cost in the last six months | £976,322 |
| Maximum cost in the last six months | £1,028,687 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £52,365 |
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 €1,185,000 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 |
|---|---|---|---|
| €1,185,000 | £976,322 | £1,028,687 | £52,365 |
| Property Price € | €1,185,000 |
| Minimum cost in the last six months | £976,322 |
| Maximum cost in the last six months | £1,028,687 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £52,365 |
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 £52,365 more.
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