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Luxury Oceanfront Resort with Income Opportunities
Albufeira, Faro, Portugal, 8200-635
REF: 831158
€850,000
Description
Algarve Resort: Luxury on the edge of the Atlantic with 24-hour security, restaurant, spa and income from the rental programme. Discover paradise The resort comprises 52 units with splendid views of the Atlantic Ocean.
It is an existing development that has recently undergone extensive renovation.
These units are spacious and come equipped with reversible air conditioning, double glazing, fire alarm systems, and fibre internet connection.
Most of these units have breathtaking panoramic views, with prices around 850,000 euros.
This incredible resort offers a range of amenities, including:
24-hour security
Restaurant and bar
SPA and gym
Local and organic products shop
Rental service
Maintenance service
The resort offers direct access to the beach and is conveniently located within walking distance of the charming fishing village of Olhos de Água, as well as restaurants, shops, and various service options.
You can opt for the rental management program with a return (from 4% to 7%).
Visit now!
Algarve Resort: Luxury on the edge of the Atlantic with 24-hour security, restaurant, spa and income from the rental programme. Discover paradise The resort comprises 52 units with splendid views of the Atlantic Ocean.
It is an existing development that has recently undergone extensive renovation.
These units are spacious and come equipped with reversible air conditioning, double glazing, fire alarm systems, and fibre internet connection.
Most of these units have breathtaking panoramic views, with prices around 850,000 euros.
This incredible resort offers a range of amenities, including:
24-hour security
Restaurant and bar
SPA and gym
Local and organic products shop
Rental service
Maintenance service
The resort offers direct access to the beach and is conveniently located within walking distance of the charming fishing village of Olhos de Água, as well as restaurants, shops, and various service options.
You can opt for the rental management program with a return (from 4% to 7%).
Visit now!
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Property on Map
Currency Exchange
Albufeira, Faro, Portugal, 8200-635
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 €850,000 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 |
|---|---|---|---|
| €850,000 | £704,064 | £730,533 | £26,469 |
| Property Price € | €850,000 |
| Minimum cost in the last six months | £704,064 |
| Maximum cost in the last six months | £730,533 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £26,469 |
Albufeira, Faro, Portugal, 8200-635
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 €850,000 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 |
|---|---|---|---|
| €850,000 | £704,064 | £730,533 | £26,469 |
| Property Price € | €850,000 |
| Minimum cost in the last six months | £704,064 |
| Maximum cost in the last six months | £730,533 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £26,469 |
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 £26,469 more.
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