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Plots of Land with Certified Ruin for Sale | Conceição e Estoi
Faro, Faro, Portugal, 8005-449
REF: 999345
€170,000
Description
An excellent investment opportunity is presented in the municipality of Faro: three plots of land sold together, with a total area of 2,639 m , of which 387 m are classified as urban area. The urban plot has a certified ruin with a construction area of 212 m , which allows for the reconstruction or development of a housing project, subject to feasibility with the City Council. The property is located in the Monte Trigo area, parish of Conceição e Estói, in a quiet area, surrounded by nature, ideal for those seeking peace and privacy, just a few minutes from Faro. 📍 Features: - Total area: 2,639 m - Urban area: 387 m - Legally recognized ruin - Access via tarmac road and dirt track - Rural setting with good access A solution with potential for housing or rural retreat. 📩 Contact us for more information or to schedule a site visit.
An excellent investment opportunity is presented in the municipality of Faro: three plots of land sold together, with a total area of 2,639 m , of which 387 m are classified as urban area. The urban plot has a certified ruin with a construction area of 212 m , which allows for the reconstruction or development of a housing project, subject to feasibility with the City Council. The property is located in the Monte Trigo area, parish of Conceição e Estói, in a quiet area, surrounded by nature, ideal for those seeking peace and privacy, just a few minutes from Faro. 📍 Features: - Total area: 2,639 m - Urban area: 387 m - Legally recognized ruin - Access via tarmac road and dirt track - Rural setting with good access A solution with potential for housing or rural retreat. 📩 Contact us for more information or to schedule a site visit.
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Currency Exchange
Faro, Faro, Portugal, 8005-449
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 €170,000 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 |
|---|---|---|---|
| €170,000 | £140,327 | £148,804 | £8,478 |
| Property Price € | €170,000 |
| Minimum cost in the last six months | £140,327 |
| Maximum cost in the last six months | £148,804 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £8,478 |
Faro, Faro, Portugal, 8005-449
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 €170,000 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 |
|---|---|---|---|
| €170,000 | £140,327 | £148,804 | £8,478 |
| Property Price € | €170,000 |
| Minimum cost in the last six months | £140,327 |
| Maximum cost in the last six months | £148,804 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £8,478 |
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 £8,478 more.
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