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Sea View Plot with Ruin and Planning in Vale Verde, for sale near Luz, Algarve
Lagos, Portugal
REF: 976117
€595,000
Description
If you ve been dreaming of a spacious and stylish country home set on a large plot with sea views, just minutes from beaches and town, this opportunity deserves your full attention. Nestled in "Vale Verde" the lush Green Valley on the road to Luz this expansive 2.8-hectare plot enjoys a prime elevated position. The existing ruin offers breathtaking panoramic views stretching through the valley toward Praia da Luz bay. The property comes with PIP (outline planning permission) for a stunning country residence, thoughtfully designed around a central courtyard, with a swimming pool and sweeping sea views. Well-priced for its potential, this project presents a rare chance to bring your dream countryside retreat to life stylish, serene, and within reach.
If you ve been dreaming of a spacious and stylish country home set on a large plot with sea views, just minutes from beaches and town, this opportunity deserves your full attention. Nestled in "Vale Verde" the lush Green Valley on the road to Luz this expansive 2.8-hectare plot enjoys a prime elevated position. The existing ruin offers breathtaking panoramic views stretching through the valley toward Praia da Luz bay. The property comes with PIP (outline planning permission) for a stunning country residence, thoughtfully designed around a central courtyard, with a swimming pool and sweeping sea views. Well-priced for its potential, this project presents a rare chance to bring your dream countryside retreat to life stylish, serene, and within reach.
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Currency Exchange
Lagos, 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 €595,000 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 |
|---|---|---|---|
| €595,000 | £491,143 | £516,514 | £25,371 |
| Property Price € | €595,000 |
| Minimum cost in the last six months | £491,143 |
| Maximum cost in the last six months | £516,514 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £25,371 |
Lagos, 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 €595,000 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 |
|---|---|---|---|
| €595,000 | £491,143 | £516,514 | £25,371 |
| Property Price € | €595,000 |
| Minimum cost in the last six months | £491,143 |
| Maximum cost in the last six months | £516,514 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £25,371 |
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 £25,371 more.
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