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Land with approved project for large 5 Star Resort
Armação de Pêra, Faro, Portugal
REF: 534910
€77,500,000
Description
Land with approved project for large 5 Star Resort. The complex comprises of 3 different 5* Hotels together with 3 different style Villas. 1 x 5* Hotel with a total of 390 rooms and its associated 18-hole golf course. 1 x 5* Beach Hotel with a total of 208 rooms located on the well-known beach known as Praia Grande (Armaçao de Pera) 1 x 5* Aparthotel comprising of 62 Villas allocated to the Beach Village and 269 Villas to the Golf Village Within this huge resort, is also inserted in the project, a set of villas / luxury villas, of which 62 will be Beach Village and 269 Golf Village. In addition to the entire residential area, there will also be a natural park with a lagoon and shopping and commercial retail for guests and owners. This project guarantees a secured and large ROI reflecting significant predicted profits.
Land with approved project for large 5 Star Resort. The complex comprises of 3 different 5* Hotels together with 3 different style Villas. 1 x 5* Hotel with a total of 390 rooms and its associated 18-hole golf course. 1 x 5* Beach Hotel with a total of 208 rooms located on the well-known beach known as Praia Grande (Armaçao de Pera) 1 x 5* Aparthotel comprising of 62 Villas allocated to the Beach Village and 269 Villas to the Golf Village Within this huge resort, is also inserted in the project, a set of villas / luxury villas, of which 62 will be Beach Village and 269 Golf Village. In addition to the entire residential area, there will also be a natural park with a lagoon and shopping and commercial retail for guests and owners. This project guarantees a secured and large ROI reflecting significant predicted profits.
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Currency Exchange
Armação de Pêra, 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 €77,500,000 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 |
|---|---|---|---|
| €77,500,000 | £64,194,025 | £66,607,375 | £2,413,350 |
| Property Price € | €77,500,000 |
| Minimum cost in the last six months | £64,194,025 |
| Maximum cost in the last six months | £66,607,375 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £2,413,350 |
Armação de Pêra, 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 €77,500,000 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 |
|---|---|---|---|
| €77,500,000 | £64,194,025 | £66,607,375 | £2,413,350 |
| Property Price € | €77,500,000 |
| Minimum cost in the last six months | £64,194,025 |
| Maximum cost in the last six months | £66,607,375 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £2,413,350 |
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 £2,413,350 more.
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