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Luxury 2 bedroom villa under construction in a Golf Resort
Silves, Faro, Portugal
REF: 258694
€339,000
Description
Luxury 2 bedroom villa under construction in a Golf Resort. These villas are sold with the fully equipped kitchen, has air conditioning, garden and communal swimming pool. It is inserted in a gated community filled with panoramic gardens access to golf course and resort where it has several luxury services. In the middle of the countryside in a quiet environment where you breathe pure nature, you can relax without leaving home and be surrounded by all the luxury you have always dreamed of. Silves is a city and a municipality in the Algarve region, in the south of Portugal. The place where the city is located may have already been occupied by the Lusitanians, who would have a castro on the site of the Castle, having been later dominated by the Romans. It reached great political, cultural and economic importance during the Muslim period, between the 8th and 13th centuries, being at that time known as Xelb. After the reconquest, the city entered a deep process of decline, eventually losing its position as the home of the Bishopric of the Algarve to Faro in 1577.
Luxury 2 bedroom villa under construction in a Golf Resort. These villas are sold with the fully equipped kitchen, has air conditioning, garden and communal swimming pool. It is inserted in a gated community filled with panoramic gardens access to golf course and resort where it has several luxury services. In the middle of the countryside in a quiet environment where you breathe pure nature, you can relax without leaving home and be surrounded by all the luxury you have always dreamed of. Silves is a city and a municipality in the Algarve region, in the south of Portugal. The place where the city is located may have already been occupied by the Lusitanians, who would have a castro on the site of the Castle, having been later dominated by the Romans. It reached great political, cultural and economic importance during the Muslim period, between the 8th and 13th centuries, being at that time known as Xelb. After the reconquest, the city entered a deep process of decline, eventually losing its position as the home of the Bishopric of the Algarve to Faro in 1577.
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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 €339,000 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 |
|---|---|---|---|
| €339,000 | £280,797 | £291,354 | £10,556 |
| Property Price € | €339,000 |
| Minimum cost in the last six months | £280,797 |
| Maximum cost in the last six months | £291,354 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £10,556 |
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 €339,000 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 |
|---|---|---|---|
| €339,000 | £280,797 | £291,354 | £10,556 |
| Property Price € | €339,000 |
| Minimum cost in the last six months | £280,797 |
| Maximum cost in the last six months | £291,354 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £10,556 |
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 £10,556 more.
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