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Estate in São Bartolomeu de Messines with approved tourist project
Silves, Faro, Portugal
REF: 995501
€15,000,000
Description
Unique opportunity for investors in a property in São Bartolomeu de Messines with an approved tourism project. Land for sale with an existing ruin and an approved project. Ideal for those seeking a strategic location and a unique and distinctive project in the Algarve region, with all the necessary permits already obtained to start the project immediately. Property features: - Land size: 803,240 m2. - Prime location: Proximity to green areas and the Ribeira de Arade dam and the Messines motorway junction. - Existing ruin: Old structure, with potential for recovery or reconstruction according to the approved project and with a historic geodetic landmark. - Approved project: With project, for a tourism development - Infrastructure and services: There is access to water, electricity. - Adjacent dam with large water storage Benefits: - Approved project, ready to start construction. - Potential to customize the new property according to your needs. - Opportunity to add value to the property. - Easily accessible location. - Proximity to the Messines motorway junction - Project eligible for support from Portugal 2030 for tourism purposes Don't miss the chance to transform this land into an excellent construction project. For more information or to schedule a visit, contact us!
Unique opportunity for investors in a property in São Bartolomeu de Messines with an approved tourism project. Land for sale with an existing ruin and an approved project. Ideal for those seeking a strategic location and a unique and distinctive project in the Algarve region, with all the necessary permits already obtained to start the project immediately. Property features: - Land size: 803,240 m2. - Prime location: Proximity to green areas and the Ribeira de Arade dam and the Messines motorway junction. - Existing ruin: Old structure, with potential for recovery or reconstruction according to the approved project and with a historic geodetic landmark. - Approved project: With project, for a tourism development - Infrastructure and services: There is access to water, electricity. - Adjacent dam with large water storage Benefits: - Approved project, ready to start construction. - Potential to customize the new property according to your needs. - Opportunity to add value to the property. - Easily accessible location. - Proximity to the Messines motorway junction - Project eligible for support from Portugal 2030 for tourism purposes Don't miss the chance to transform this land into an excellent construction project. For more information or to schedule a visit, contact us!
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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 €15,000,000 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 |
|---|---|---|---|
| €15,000,000 | £12,381,750 | £13,021,350 | £639,600 |
| Property Price € | €15,000,000 |
| Minimum cost in the last six months | £12,381,750 |
| Maximum cost in the last six months | £13,021,350 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £639,600 |
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 €15,000,000 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 |
|---|---|---|---|
| €15,000,000 | £12,381,750 | £13,021,350 | £639,600 |
| Property Price € | €15,000,000 |
| Minimum cost in the last six months | £12,381,750 |
| Maximum cost in the last six months | £13,021,350 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £639,600 |
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 £639,600 more.
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