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Property with sea view, for sale, Praia da Luz, Algarve
Lagos, Portugal
REF: 415456
€1,600,000
Description
Property with sea view, for sale, Praia da Luz, Algarve. The property consists of a two-bedroom main residence, two studios, an apartment with one bedroom and a one-bedroom annex. The main villa features two expansive living areas with fireplaces and a fully-equipped kitchen. Featuring two spacious bedrooms, one of which is an en suite. The remaining guestrooms in the apartments and annex feature en suite bathrooms and excellent sun exposure. Being used for many years as a place of recreation, as a restaurant with live music and dancing, the location has been converted into a cozy and charming villa. Property with commercial license, ideal for those seeking to generate revenue. It is also capable of being transformed into a wonderful family home. The property is situated in the heart of Praia da Luz, near to a variety of services and shops, 10 minutes from Lagos, and one hour from Faro International Airport. CHARACTERISTICS:Plot Area: 1 241 m2 | 13 358 sq ftArea: 490 m2 | 5 274 sq ftDeployment Area: 490 m2 | 5 274 sq ftBuilding Area: 490 m2 | 5 274 sq ftBedrooms: 5Bathrooms: 6Energy efficiency: CFEATURES:Four ensuite bedrooms Equipped kitchen Fireplace Salamander Floating floor Laundry Internationally awarded, LUXIMOS Christie's presents more than 1,200 properties for sale in Portugal, offering an excellent service in real estate brokerage. LUXIMOS Christie's is the exclusive affiliate of Christie s International Real Estate (1350 offices in 46 countries) for the Algarve, Porto and North of Portugal, and provides its services to homeowners who are selling their properties, and to national and international buyers, who wish to buy real estate in Portugal. Our selection includes modern and contemporary properties, near the sea or by theriver, in Foz do Douro, in Porto, Boavista, Matosinhos, Vilamoura, Tavira, Ria Formosa, Lagos, Almancil, Vale do Lobo, Quinta do Lago, near the golf courses or the marina. LIc AMI 9063
Property with sea view, for sale, Praia da Luz, Algarve. The property consists of a two-bedroom main residence, two studios, an apartment with one bedroom and a one-bedroom annex. The main villa features two expansive living areas with fireplaces and a fully-equipped kitchen. Featuring two spacious bedrooms, one of which is an en suite. The remaining guestrooms in the apartments and annex feature en suite bathrooms and excellent sun exposure. Being used for many years as a place of recreation, as a restaurant with live music and dancing, the location has been converted into a cozy and charming villa. Property with commercial license, ideal for those seeking to generate revenue. It is also capable of being transformed into a wonderful family home. The property is situated in the heart of Praia da Luz, near to a variety of services and shops, 10 minutes from Lagos, and one hour from Faro International Airport. CHARACTERISTICS:Plot Area: 1 241 m2 | 13 358 sq ftArea: 490 m2 | 5 274 sq ftDeployment Area: 490 m2 | 5 274 sq ftBuilding Area: 490 m2 | 5 274 sq ftBedrooms: 5Bathrooms: 6Energy efficiency: CFEATURES:Four ensuite bedrooms Equipped kitchen Fireplace Salamander Floating floor Laundry Internationally awarded, LUXIMOS Christie's presents more than 1,200 properties for sale in Portugal, offering an excellent service in real estate brokerage. LUXIMOS Christie's is the exclusive affiliate of Christie s International Real Estate (1350 offices in 46 countries) for the Algarve, Porto and North of Portugal, and provides its services to homeowners who are selling their properties, and to national and international buyers, who wish to buy real estate in Portugal. Our selection includes modern and contemporary properties, near the sea or by theriver, in Foz do Douro, in Porto, Boavista, Matosinhos, Vilamoura, Tavira, Ria Formosa, Lagos, Almancil, Vale do Lobo, Quinta do Lago, near the golf courses or the marina. LIc AMI 9063
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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 €1,600,000 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 |
|---|---|---|---|
| €1,600,000 | £1,325,296 | £1,375,120 | £49,824 |
| Property Price € | €1,600,000 |
| Minimum cost in the last six months | £1,325,296 |
| Maximum cost in the last six months | £1,375,120 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £49,824 |
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 €1,600,000 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 |
|---|---|---|---|
| €1,600,000 | £1,325,296 | £1,375,120 | £49,824 |
| Property Price € | €1,600,000 |
| Minimum cost in the last six months | £1,325,296 |
| Maximum cost in the last six months | £1,375,120 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £49,824 |
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 £49,824 more.
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