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Land with approval for the construction of a 4-star Rural Hotel, in the beautiful town of Loulé which is located in the most central area of the Algarve with the designation "Eco-Hotel Rural Quinta de Santiago-Agro Turismo" This hotel will be part of a farm of about 16 hectares with Ecological produ
Loulé, Faro, Portugal
REF: 694688
€5,000,000
Description
Land with approval for the construction of a 4-star Rural Hotel, in the beautiful town of Loulé which is located in the most central area of the Algarve with the designation "Eco-Hotel Rural Quinta de Santiago-Agro Turismo" This hotel will be part of a farm of about 16 hectares with Ecological production, namely horticulture, vineyards (for wine production), livestock (laying hens for egg production) and dairy buffaloes (for cheese production). At the same time, it will have a restaurant with specialties and regional dishes. It is intended to enrich the Algarve with a unique and differentiating development that provides its guests with a personalized, relaxing and minimalist stay combined with deep contact with nature and the refinement of the surrounding city. #ref: 96303
Land with approval for the construction of a 4-star Rural Hotel, in the beautiful town of Loulé which is located in the most central area of the Algarve with the designation "Eco-Hotel Rural Quinta de Santiago-Agro Turismo" This hotel will be part of a farm of about 16 hectares with Ecological production, namely horticulture, vineyards (for wine production), livestock (laying hens for egg production) and dairy buffaloes (for cheese production). At the same time, it will have a restaurant with specialties and regional dishes. It is intended to enrich the Algarve with a unique and differentiating development that provides its guests with a personalized, relaxing and minimalist stay combined with deep contact with nature and the refinement of the surrounding city. #ref: 96303
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Currency Exchange
Loulé, 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 €5,000,000 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 |
|---|---|---|---|
| €5,000,000 | £4,119,500 | £4,297,250 | £177,750 |
| Property Price € | €5,000,000 |
| Minimum cost in the last six months | £4,119,500 |
| Maximum cost in the last six months | £4,297,250 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £177,750 |
Loulé, 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 €5,000,000 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 |
|---|---|---|---|
| €5,000,000 | £4,119,500 | £4,297,250 | £177,750 |
| Property Price € | €5,000,000 |
| Minimum cost in the last six months | £4,119,500 |
| Maximum cost in the last six months | £4,297,250 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £177,750 |
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 £177,750 more.
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