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Urban Land for Construction – Central Albufeira with PIP in Progress Privileged location | Project with 7 apartments | Swimming pool | Parking | Basement with garages General Characteristics: Total land area: 1,500 m² Location: Upper Albufeira – quiet, central residential area just a few minutes fr
Albufeira, Faro, Portugal
REF: 974941
€600,000
Description
Urban Land for Construction – Central Albufeira with PIP in Progress Privileged location | Project with 7 apartments | Swimming pool | Parking | Basement with garages General Characteristics: Total land area: 1,500 m² Location: Upper Albufeira – quiet, central residential area just a few minutes from the beaches Existing infrastructure: water, sewage, rainwater drainage and electricity networks Project in PIP (Prior Information Request) phase Use: Housing, tourist developments, services, commerce, restaurants, bars and all types of equipment. Building with lift, 4 floors, 3 above ground level and 1 below Main façade facing west, swimming pool to the east 7 residential units: 6 two-bedroom apartments 1 four-bedroom apartment 3 indoor garages 44 m², 79 m² and 77 m² Floor 0 Two-bedroom apartment with 97.57 m² 2-bedroom apartment with 113.50m2 Floor 1 2-bedroom apartment with 101.90 m2 2-bedroom apartment with 121 m2 Floor 2 2-bedroom apartment with 101.90 m2 2-bedroom apartment with 121m2 Floor 3 4-bedroom apartment with 164.50m2 Garages in the basement (with the possibility of separate sale) Private swimming pool for the condominium Exclusive outdoor parking for residents: 13 private outdoor spaces plus 5 private covered spaces and 3 public outdoor spaces, giving a total of 18 private and 3 public spaces - Documentation: PIP in progress — will be provided to interested investors for analysis and detailed planning - Investment advantages: Central and strategic location, close to: Supermarkets and shops Town hall, parish council, tax office Health centre and other public services Excellent access to beaches and main roads High potential for property appreciation Ideal project for investors and property developers Don't miss this unique opportunity in Albufeira! Contact us for more information or to schedule a visit. #ref: 141687
Urban Land for Construction – Central Albufeira with PIP in Progress Privileged location | Project with 7 apartments | Swimming pool | Parking | Basement with garages General Characteristics: Total land area: 1,500 m² Location: Upper Albufeira – quiet, central residential area just a few minutes from the beaches Existing infrastructure: water, sewage, rainwater drainage and electricity networks Project in PIP (Prior Information Request) phase Use: Housing, tourist developments, services, commerce, restaurants, bars and all types of equipment. Building with lift, 4 floors, 3 above ground level and 1 below Main façade facing west, swimming pool to the east 7 residential units: 6 two-bedroom apartments 1 four-bedroom apartment 3 indoor garages 44 m², 79 m² and 77 m² Floor 0 Two-bedroom apartment with 97.57 m² 2-bedroom apartment with 113.50m2 Floor 1 2-bedroom apartment with 101.90 m2 2-bedroom apartment with 121 m2 Floor 2 2-bedroom apartment with 101.90 m2 2-bedroom apartment with 121m2 Floor 3 4-bedroom apartment with 164.50m2 Garages in the basement (with the possibility of separate sale) Private swimming pool for the condominium Exclusive outdoor parking for residents: 13 private outdoor spaces plus 5 private covered spaces and 3 public outdoor spaces, giving a total of 18 private and 3 public spaces - Documentation: PIP in progress — will be provided to interested investors for analysis and detailed planning - Investment advantages: Central and strategic location, close to: Supermarkets and shops Town hall, parish council, tax office Health centre and other public services Excellent access to beaches and main roads High potential for property appreciation Ideal project for investors and property developers Don't miss this unique opportunity in Albufeira! Contact us for more information or to schedule a visit. #ref: 141687
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Currency Exchange
Albufeira, 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 €600,000 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 |
|---|---|---|---|
| €600,000 | £495,270 | £523,206 | £27,936 |
| Property Price € | €600,000 |
| Minimum cost in the last six months | £495,270 |
| Maximum cost in the last six months | £523,206 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £27,936 |
Albufeira, 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 €600,000 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 |
|---|---|---|---|
| €600,000 | £495,270 | £523,206 | £27,936 |
| Property Price € | €600,000 |
| Minimum cost in the last six months | £495,270 |
| Maximum cost in the last six months | £523,206 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £27,936 |
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 £27,936 more.
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