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Development Hyatt Regency Lisboa Residences Apartment T3 with stunning view over the Tagus River fully equipped and decorated consisting of: Hall with service toilet, 3 Suites, Common room with Balcony throughout the periphery with 75m2
Lisbon, Lisbon, Portugal
REF: 544960
€2,500,000
Description
Development Hyatt Regency Lisboa Residences Apartment T3 with stunning view over the Tagus River fully equipped and decorated consisting of: Hall with service toilet, 3 Suites, Common room with Balcony throughout the periphery with 75m2. Project: Location Junqueira Belém, Lisbon. The project is located in the west of the Portuguese capital. It is the noblest area of Lisbon, riverside front and surrounded by some of the most emblematic and historical monuments of the country, along with some of the most important museums in Lisbon Summary: 108 luxury tourist apartments, of which 97 in commercialization designed with a modern modular concept that, together with 34 individual hotel rooms, can reach a maximum of 204 keys, unfolding according to the needs of the Tourist Operation. Management with the hyatt regency flag, part of Hyatt International Corporation, one of the most respected luxury chains in the 5-Star segment worldwide, in what will be its first hotel unit in Portugal. The complex also includes the multi-award winning Serenity SPA, restaurants, conference areas and meetings. Estimated completion date of final construction 2021 Investment model tourist Exploration Contract administered under the Hyatt Regency brand for a period of 20 years, renewable for periods of 5 years Minimum guaranteed return A) 3% during the first 10 years B) 5% during the first 5 years Use of Owner 4 weeks per year Maximum use restriction of 1 week in July/August and December/January Acquisition type Full Property The distribution of profitability is calculated on a daily basis on the accommodation revenue of all units, after deducting operating expenses, and distributed according to the coefficient of each unit in the Pool. The coefficient of each unit is determined by the permilagem corresponding to the area of each fraction in the universe of the units in tourist exploration. The management company prepares and provides monthly reports with information on revenue, expenses and distribution of net profitability per unit, as well as annual statements audited by independent entities for distribution to their owners. Virtual Visit: (url hidden) Energy Rating: A #ref:SF061_C
Development Hyatt Regency Lisboa Residences Apartment T3 with stunning view over the Tagus River fully equipped and decorated consisting of: Hall with service toilet, 3 Suites, Common room with Balcony throughout the periphery with 75m2. Project: Location Junqueira Belém, Lisbon. The project is located in the west of the Portuguese capital. It is the noblest area of Lisbon, riverside front and surrounded by some of the most emblematic and historical monuments of the country, along with some of the most important museums in Lisbon Summary: 108 luxury tourist apartments, of which 97 in commercialization designed with a modern modular concept that, together with 34 individual hotel rooms, can reach a maximum of 204 keys, unfolding according to the needs of the Tourist Operation. Management with the hyatt regency flag, part of Hyatt International Corporation, one of the most respected luxury chains in the 5-Star segment worldwide, in what will be its first hotel unit in Portugal. The complex also includes the multi-award winning Serenity SPA, restaurants, conference areas and meetings. Estimated completion date of final construction 2021 Investment model tourist Exploration Contract administered under the Hyatt Regency brand for a period of 20 years, renewable for periods of 5 years Minimum guaranteed return A) 3% during the first 10 years B) 5% during the first 5 years Use of Owner 4 weeks per year Maximum use restriction of 1 week in July/August and December/January Acquisition type Full Property The distribution of profitability is calculated on a daily basis on the accommodation revenue of all units, after deducting operating expenses, and distributed according to the coefficient of each unit in the Pool. The coefficient of each unit is determined by the permilagem corresponding to the area of each fraction in the universe of the units in tourist exploration. The management company prepares and provides monthly reports with information on revenue, expenses and distribution of net profitability per unit, as well as annual statements audited by independent entities for distribution to their owners. Virtual Visit: (url hidden) Energy Rating: A #ref:SF061_C
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Property on Map
Currency Exchange
Lisbon, Lisbon, 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 €2,500,000 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 |
|---|---|---|---|
| €2,500,000 | £2,079,700 | £2,151,550 | £71,850 |
| Property Price € | €2,500,000 |
| Minimum cost in the last six months | £2,079,700 |
| Maximum cost in the last six months | £2,151,550 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £71,850 |
Lisbon, Lisbon, 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 €2,500,000 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 |
|---|---|---|---|
| €2,500,000 | £2,079,700 | £2,151,550 | £71,850 |
| Property Price € | €2,500,000 |
| Minimum cost in the last six months | £2,079,700 |
| Maximum cost in the last six months | £2,151,550 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £71,850 |
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 £71,850 more.
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