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Land with investment project in one of the noblest areas of the Algarve
Vilamoura, Faro, Portugal
REF: 532644
€91,000,000
Description
Land with investment project in one of the noblest areas of the Algarve. This tourism investment project includes the construction of: - 182 residential apartments (condominium) - 21 and 27 detached houses - 24 semi-detached houses - 30 villas - 116 townhouses - 210 apartments All equipment and facilities as well as garden, club and services. Great location: 20 km from Faro airport, 1km from vilamoura marina and casino, 12 km from Quinta do Lago and 11 km from Vale do Lobo, 1 km from the beach, 65 km from Spain and with the nearby motorway 265 km from Capital Lisbon as well as Lisbon airport. Vilamoura was created in the former Quinta do Morgado de Quarteira, a farm with 1600 HA acquired by the founder, Mr. Arthur Cupertino de Miranda. The vilamoura resort project that we know today was created around vilamoura marina. It all started in the late '60s and early '70s. The first excavations began in 1971, and in 1974 the first sailboat entered the Vilamoura Marina. Vilamoura Marina has since grown and the resort of Vilamoura has grown around as well. Currently Vilamoura is already more than a marina. Due to the great positive acceptance that Vilamoura received from visitors and residents, Vilamoura has become over the years an important center of tourism and private residential accommodation. Vilamoura currently has recreational infrastructures that receive international recognition, namely: vilamoura marina, 5 golf courses, international college, tennis courts, running and fitness areas, sailing club, conference rooms with capacity for thousands of people. To increase the quality of time in Vilamoura, there are renowned hotels, restaurants, bars. The inhabitants and visitors of Vilamoura recognize that it is a place to live that offers the possibility to enjoy high quality of life
Land with investment project in one of the noblest areas of the Algarve. This tourism investment project includes the construction of: - 182 residential apartments (condominium) - 21 and 27 detached houses - 24 semi-detached houses - 30 villas - 116 townhouses - 210 apartments All equipment and facilities as well as garden, club and services. Great location: 20 km from Faro airport, 1km from vilamoura marina and casino, 12 km from Quinta do Lago and 11 km from Vale do Lobo, 1 km from the beach, 65 km from Spain and with the nearby motorway 265 km from Capital Lisbon as well as Lisbon airport. Vilamoura was created in the former Quinta do Morgado de Quarteira, a farm with 1600 HA acquired by the founder, Mr. Arthur Cupertino de Miranda. The vilamoura resort project that we know today was created around vilamoura marina. It all started in the late '60s and early '70s. The first excavations began in 1971, and in 1974 the first sailboat entered the Vilamoura Marina. Vilamoura Marina has since grown and the resort of Vilamoura has grown around as well. Currently Vilamoura is already more than a marina. Due to the great positive acceptance that Vilamoura received from visitors and residents, Vilamoura has become over the years an important center of tourism and private residential accommodation. Vilamoura currently has recreational infrastructures that receive international recognition, namely: vilamoura marina, 5 golf courses, international college, tennis courts, running and fitness areas, sailing club, conference rooms with capacity for thousands of people. To increase the quality of time in Vilamoura, there are renowned hotels, restaurants, bars. The inhabitants and visitors of Vilamoura recognize that it is a place to live that offers the possibility to enjoy high quality of life
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Currency Exchange
Vilamoura, 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 €91,000,000 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 |
|---|---|---|---|
| €91,000,000 | £75,376,210 | £78,209,950 | £2,833,740 |
| Property Price € | €91,000,000 |
| Minimum cost in the last six months | £75,376,210 |
| Maximum cost in the last six months | £78,209,950 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £2,833,740 |
Vilamoura, 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 €91,000,000 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 |
|---|---|---|---|
| €91,000,000 | £75,376,210 | £78,209,950 | £2,833,740 |
| Property Price € | €91,000,000 |
| Minimum cost in the last six months | £75,376,210 |
| Maximum cost in the last six months | £78,209,950 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £2,833,740 |
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 £2,833,740 more.
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