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Plot Sale in Luz,Lagos
Lagos, Portugal
REF: 990577
€1,890,000
Description
Allotment project currently in the approval stage in Lagos, Algarve, featuring nine residential plots situated in a well-established area, just a short stroll from the beach. Spanning 2 hectares, this plot presents significant opportunities for constructing residential buildings, benefiting from excellent accessibility and a vibrant expatriate community. The residential market is booming, with a 27.2 per cent increase in sales in 2024.Key Features- Allotment project pending approval- Nine residential development plots- Total land area: 2 hectares- Established residential community- Within walking distance of the beach- Building area: 1,710 m - Two floors above ground- One underground level designated for parking.If you need further details, feel free to reach out!
Allotment project currently in the approval stage in Lagos, Algarve, featuring nine residential plots situated in a well-established area, just a short stroll from the beach. Spanning 2 hectares, this plot presents significant opportunities for constructing residential buildings, benefiting from excellent accessibility and a vibrant expatriate community. The residential market is booming, with a 27.2 per cent increase in sales in 2024.Key Features- Allotment project pending approval- Nine residential development plots- Total land area: 2 hectares- Established residential community- Within walking distance of the beach- Building area: 1,710 m - Two floors above ground- One underground level designated for parking.If you need further details, feel free to reach out!
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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 €1,890,000 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 |
|---|---|---|---|
| €1,890,000 | £1,560,101 | £1,640,690 | £80,590 |
| Property Price € | €1,890,000 |
| Minimum cost in the last six months | £1,560,101 |
| Maximum cost in the last six months | £1,640,690 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £80,590 |
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 €1,890,000 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 |
|---|---|---|---|
| €1,890,000 | £1,560,101 | £1,640,690 | £80,590 |
| Property Price € | €1,890,000 |
| Minimum cost in the last six months | £1,560,101 |
| Maximum cost in the last six months | £1,640,690 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £80,590 |
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 £80,590 more.
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