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Land for construction of a Rural Hotel and Home for the Elderly, consisting of two buildings, one with two floors and the other with a basement and three floors, the last being set back, indoor and outdoor pool and garden
Lourinhã, Lisboa, Portugal
REF: 600189
€900,000
Description
Land for construction of a Rural Hotel and Home for the Elderly, consisting of two buildings, one with two floors and the other with a basement and three floors, the last being set back, indoor and outdoor pool and garden. It is expected that the rural hotel will have a total of 58 accommodation units, 33 units in one of the buildings and 25 in the other, for around 110 users. The hotel will have a total construction area of 5014 m2, in an implantation area of 1650 m2, leaving an area of 3075 m2 for landscaping. It is located in the town of Sobral, in Lourinhã, about 8 km from the Areia Branca beach. Municipal Interest Project. Excellent investment opportunity. #ref: 81096
Land for construction of a Rural Hotel and Home for the Elderly, consisting of two buildings, one with two floors and the other with a basement and three floors, the last being set back, indoor and outdoor pool and garden. It is expected that the rural hotel will have a total of 58 accommodation units, 33 units in one of the buildings and 25 in the other, for around 110 users. The hotel will have a total construction area of 5014 m2, in an implantation area of 1650 m2, leaving an area of 3075 m2 for landscaping. It is located in the town of Sobral, in Lourinhã, about 8 km from the Areia Branca beach. Municipal Interest Project. Excellent investment opportunity. #ref: 81096
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Currency Exchange
Lourinhã, Lisboa, 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 €900,000 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 |
|---|---|---|---|
| €900,000 | £745,479 | £773,505 | £28,026 |
| Property Price € | €900,000 |
| Minimum cost in the last six months | £745,479 |
| Maximum cost in the last six months | £773,505 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £28,026 |
Lourinhã, Lisboa, 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 €900,000 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 |
|---|---|---|---|
| €900,000 | £745,479 | £773,505 | £28,026 |
| Property Price € | €900,000 |
| Minimum cost in the last six months | £745,479 |
| Maximum cost in the last six months | £773,505 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £28,026 |
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 £28,026 more.
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