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Luxury project with 260 ha and 3 km sea front along the Atlantic Ocean in the Algarve, Situated in Benagil and Praia da Marinha is a unique and tourist project for the construction of apartments, villas and hotel, to be delivered in 3 stages
Porches, Faro, Portugal
REF: 534913
€89,000,000
Description
Luxury project with 260 ha and 3 km sea front along the Atlantic Ocean in the Algarve, Situated in Benagil and Praia da Marinha is a unique and tourist project for the construction of apartments, villas and hotel, to be delivered in 3 stages. The construction of the 18-hole golf course and 9-hole golf course requires Environmental impact solutions to be presented in relation to water consumption. The land has 260 ha and the project has a total area of ca. 73,940sqm. A total of 108 lots and an extension that includes 9 beaches, one of which is the well-known Marinha Beach, which gives name to this venture. The project numbers are: 15,000sqm for the construction of a 4-star Hotel with 151 rooms, with a part of the Hotel for Spa and another for a huge restaurant, 42,500sqm for apartments that equate to a total of 381 apartments. 16,440sqm for the construction of up to 73 Villas. This project has a further 17 Ruins spread over the 260 ha which allows for the additional build of 17 luxury villas. Luxury projects for sale of this magnitude by the Sea are very rare in the Algarve. This project has been awarded PIN (Project of National Interest) status. For more information please contact us
Luxury project with 260 ha and 3 km sea front along the Atlantic Ocean in the Algarve, Situated in Benagil and Praia da Marinha is a unique and tourist project for the construction of apartments, villas and hotel, to be delivered in 3 stages. The construction of the 18-hole golf course and 9-hole golf course requires Environmental impact solutions to be presented in relation to water consumption. The land has 260 ha and the project has a total area of ca. 73,940sqm. A total of 108 lots and an extension that includes 9 beaches, one of which is the well-known Marinha Beach, which gives name to this venture. The project numbers are: 15,000sqm for the construction of a 4-star Hotel with 151 rooms, with a part of the Hotel for Spa and another for a huge restaurant, 42,500sqm for apartments that equate to a total of 381 apartments. 16,440sqm for the construction of up to 73 Villas. This project has a further 17 Ruins spread over the 260 ha which allows for the additional build of 17 luxury villas. Luxury projects for sale of this magnitude by the Sea are very rare in the Algarve. This project has been awarded PIN (Project of National Interest) status. For more information please contact us
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Currency Exchange
Porches, 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 €89,000,000 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 |
|---|---|---|---|
| €89,000,000 | £73,719,590 | £76,491,050 | £2,771,460 |
| Property Price € | €89,000,000 |
| Minimum cost in the last six months | £73,719,590 |
| Maximum cost in the last six months | £76,491,050 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £2,771,460 |
Porches, 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 €89,000,000 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 |
|---|---|---|---|
| €89,000,000 | £73,719,590 | £76,491,050 | £2,771,460 |
| Property Price € | €89,000,000 |
| Minimum cost in the last six months | £73,719,590 |
| Maximum cost in the last six months | £76,491,050 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £2,771,460 |
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 £2,771,460 more.
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