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Plot for sale with project to build a 3 bed Villa and pool in Mexilhoeira Grande, West Algarve
Portimão, Portugal
REF: 968562
€285,000
Description
Build your dream home on this 2000m2 plot, located between Alvor and Lagos. Only a twenty minute drive will take you to either of these vibrant cosmopolitan coastal towns. Whilst the village of Odiaxere is approximately 5 minutes, which has a pharmacy, post office, a local convenience store, a few bars, coffee shops and restaurants. Lovely views of the countryside and distant views to the coastline Quiet, but not isolated location Project for a modern single storey villa: open-plan living, 3 bedrooms, garage and a lap pool. Valid for 2 years from January 2025 Current permission is - Build area 153m2 + Garage area 47m2 Opportunity to increase the build size to 200m2 footprint, upto 330m2 construction with 2 floors - this will incur charges, as new plans would require re-submitting to the local authority - council. Plot size 2000m2 Pre-Energy certificate A On-site utilities include, electric, mains water and drainage. The area of Vale da Ribeira is set away from the maddening crowds of the various villages, towns and cities. However, nothing is too far away, enabling you to enjoy the senerity of your new home.
Build your dream home on this 2000m2 plot, located between Alvor and Lagos. Only a twenty minute drive will take you to either of these vibrant cosmopolitan coastal towns. Whilst the village of Odiaxere is approximately 5 minutes, which has a pharmacy, post office, a local convenience store, a few bars, coffee shops and restaurants. Lovely views of the countryside and distant views to the coastline Quiet, but not isolated location Project for a modern single storey villa: open-plan living, 3 bedrooms, garage and a lap pool. Valid for 2 years from January 2025 Current permission is - Build area 153m2 + Garage area 47m2 Opportunity to increase the build size to 200m2 footprint, upto 330m2 construction with 2 floors - this will incur charges, as new plans would require re-submitting to the local authority - council. Plot size 2000m2 Pre-Energy certificate A On-site utilities include, electric, mains water and drainage. The area of Vale da Ribeira is set away from the maddening crowds of the various villages, towns and cities. However, nothing is too far away, enabling you to enjoy the senerity of your new home.
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Currency Exchange
Portimão, 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 €285,000 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 |
|---|---|---|---|
| €285,000 | £235,253 | £247,406 | £12,152 |
| Property Price € | €285,000 |
| Minimum cost in the last six months | £235,253 |
| Maximum cost in the last six months | £247,406 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £12,152 |
Portimão, 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 €285,000 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 |
|---|---|---|---|
| €285,000 | £235,253 | £247,406 | £12,152 |
| Property Price € | €285,000 |
| Minimum cost in the last six months | £235,253 |
| Maximum cost in the last six months | £247,406 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £12,152 |
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 £12,152 more.
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