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House T2 in Luxury Condominium
Vila do Bispo, Faro, Portugal
REF: 131672
€650,000
Description
The Villas are in a Luxury Resort. These are the most spacious in the resort and isolated from the others. The houses were built 'backwards', with living room and kitchen on the 1st floor to make the most of the spectacular location. The orientation gives excellent view on both sides, allowing you to enjoy the sunrise and sunset. On the ground floor, 1 suite with double bed with area of 22sqm and bathroom with shower, 1 bedroom with 2 single beds with 20sqm and bathroom with bath / shower. On the first floor, living and dining room with 40sqm with fully equipped kitchen and balcony with full or partial sea view and with outdoor furniture. Swimming pools, gardens and leisure areas of the Condominium and Hotel. The information referred to is not binding and does not require consultation of the property documentation
The Villas are in a Luxury Resort. These are the most spacious in the resort and isolated from the others. The houses were built 'backwards', with living room and kitchen on the 1st floor to make the most of the spectacular location. The orientation gives excellent view on both sides, allowing you to enjoy the sunrise and sunset. On the ground floor, 1 suite with double bed with area of 22sqm and bathroom with shower, 1 bedroom with 2 single beds with 20sqm and bathroom with bath / shower. On the first floor, living and dining room with 40sqm with fully equipped kitchen and balcony with full or partial sea view and with outdoor furniture. Swimming pools, gardens and leisure areas of the Condominium and Hotel. The information referred to is not binding and does not require consultation of the property documentation
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Currency Exchange
Vila do Bispo, 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 €650,000 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 |
|---|---|---|---|
| €650,000 | £538,402 | £558,643 | £20,241 |
| Property Price € | €650,000 |
| Minimum cost in the last six months | £538,402 |
| Maximum cost in the last six months | £558,643 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £20,241 |
Vila do Bispo, 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 €650,000 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 |
|---|---|---|---|
| €650,000 | £538,402 | £558,643 | £20,241 |
| Property Price € | €650,000 |
| Minimum cost in the last six months | £538,402 |
| Maximum cost in the last six months | £558,643 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £20,241 |
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 £20,241 more.
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