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Villa of 3 bedroom in luxury condominium, closed, with beautiful gardens and large pool, in the final stages of construction
Silves, Faro, Portugal
REF: 664989
€455,000
Description
Villa of 3 bedroom in luxury condominium, closed, with beautiful gardens and large pool, in the final stages of construction. The property is located in a quiet and privileged area of the Algarve, between Alcantarilha and Silves, 1 km from the Golf course, 7 km from the beach, 50 km from Faro airport. The villa is composed as follows: In the RDC you will find a hallway, service bathroom, large living room, fully equipped and modern kitchen, private terrace with barbecue and with access to the garden and swimming pool. A beautiful staircase leads to the first floor where you will find 3 bedrooms {1 en suite} with built-in wardrobes, bathroom with bath, balconies and small hall. All villas have a closed basement with parking and storage room and are equipped with air-conditioning, electric shutters and double glazing. The condominium consists of 22 semi-detached villas, distributed over 3 separate blocks, providing greater privacy. The Algarve borders the Alentejo region (Alentejo Litoral and Baixo Alentejo sub-regions) to the north, the Atlantic Ocean to the south and west, and the Guadiana River to the east marks the border with Spain. The highest point is in the Monchique mountains, with a maximum altitude of 902 m (Pico da Foia). Besides Faro, the towns of Albufeira, Lagoa, Lagos, Loulé, Olhão, Portimão, Quarteira, Silves, Tavira and Vila Real de Santo António are also classified as towns. Of these, all are county councils with the exception of Quarteira. The western part of the Algarve is called Barlavento and the eastern part Sotavento. The name is certainly due to the prevailing wind along the southern coast of the Algarve, and the historical origin of this division is uncertain and quite remote. In ancient times, the Romans considered the region of Cape Tunnel - which ran from Mértola through Vila Real de Santo António to the inlet of Armação de Pêra - and the region of the Sacred Promontory - which covered the rest of the Algarve - to be in the southwest of the Iberian Peninsula. #ref: 91445
Villa of 3 bedroom in luxury condominium, closed, with beautiful gardens and large pool, in the final stages of construction. The property is located in a quiet and privileged area of the Algarve, between Alcantarilha and Silves, 1 km from the Golf course, 7 km from the beach, 50 km from Faro airport. The villa is composed as follows: In the RDC you will find a hallway, service bathroom, large living room, fully equipped and modern kitchen, private terrace with barbecue and with access to the garden and swimming pool. A beautiful staircase leads to the first floor where you will find 3 bedrooms {1 en suite} with built-in wardrobes, bathroom with bath, balconies and small hall. All villas have a closed basement with parking and storage room and are equipped with air-conditioning, electric shutters and double glazing. The condominium consists of 22 semi-detached villas, distributed over 3 separate blocks, providing greater privacy. The Algarve borders the Alentejo region (Alentejo Litoral and Baixo Alentejo sub-regions) to the north, the Atlantic Ocean to the south and west, and the Guadiana River to the east marks the border with Spain. The highest point is in the Monchique mountains, with a maximum altitude of 902 m (Pico da Foia). Besides Faro, the towns of Albufeira, Lagoa, Lagos, Loulé, Olhão, Portimão, Quarteira, Silves, Tavira and Vila Real de Santo António are also classified as towns. Of these, all are county councils with the exception of Quarteira. The western part of the Algarve is called Barlavento and the eastern part Sotavento. The name is certainly due to the prevailing wind along the southern coast of the Algarve, and the historical origin of this division is uncertain and quite remote. In ancient times, the Romans considered the region of Cape Tunnel - which ran from Mértola through Vila Real de Santo António to the inlet of Armação de Pêra - and the region of the Sacred Promontory - which covered the rest of the Algarve - to be in the southwest of the Iberian Peninsula. #ref: 91445
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Currency Exchange
Silves, 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 €455,000 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 |
|---|---|---|---|
| €455,000 | £374,875 | £391,050 | £16,175 |
| Property Price € | €455,000 |
| Minimum cost in the last six months | £374,875 |
| Maximum cost in the last six months | £391,050 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £16,175 |
Silves, 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 €455,000 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 |
|---|---|---|---|
| €455,000 | £374,875 | £391,050 | £16,175 |
| Property Price € | €455,000 |
| Minimum cost in the last six months | £374,875 |
| Maximum cost in the last six months | £391,050 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £16,175 |
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 £16,175 more.
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