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SAGRES - INVESTMENT OPPORTUNITY near the beach
Vila do Bispo, Faro, Portugal, 8650-319
REF: 893915
€1,450,000
Description
Villa composed of ground floor and 1st floor, located in Quinta dos Arcos on the outskirts of the picturesque village of Sagres, Vila do Bispo county.
Composed of two villas and three independent annexes, with nine bedrooms, nine bathrooms, living room next to the pool, two barbecues, terraces, garage, grounds and fruit trees.
1.356 sq.m. plot along the main road with possibility of extra construction the existing one, already with electric gate.
It also has facades in the orientation to N, S, E, W, NW and SW and along the main road, next to supermarkets and other local trades.
It is five minutes from the main beaches quite busy with water sports Windsurfing, surfing,...
Fully refurbished and furnished, ready to live, great business for local lease.
Fantastic business opportunity or permanent residence.
Must be seen to fully appreciate...
AlgarveProperty.com - AMI: 2196 - T.: 00351 289310310
Villa composed of ground floor and 1st floor, located in Quinta dos Arcos on the outskirts of the picturesque village of Sagres, Vila do Bispo county.
Composed of two villas and three independent annexes, with nine bedrooms, nine bathrooms, living room next to the pool, two barbecues, terraces, garage, grounds and fruit trees.
1.356 sq.m. plot along the main road with possibility of extra construction the existing one, already with electric gate.
It also has facades in the orientation to N, S, E, W, NW and SW and along the main road, next to supermarkets and other local trades.
It is five minutes from the main beaches quite busy with water sports Windsurfing, surfing,...
Fully refurbished and furnished, ready to live, great business for local lease.
Fantastic business opportunity or permanent residence.
Must be seen to fully appreciate...
AlgarveProperty.com - AMI: 2196 - T.: 00351 289310310
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Property on Map
Currency Exchange
Vila do Bispo, Faro, Portugal, 8650-319
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 €1,450,000 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 |
|---|---|---|---|
| €1,450,000 | £1,206,110 | £1,247,899 | £41,789 |
| Property Price € | €1,450,000 |
| Minimum cost in the last six months | £1,206,110 |
| Maximum cost in the last six months | £1,247,899 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £41,789 |
Vila do Bispo, Faro, Portugal, 8650-319
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 €1,450,000 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 |
|---|---|---|---|
| €1,450,000 | £1,206,110 | £1,247,899 | £41,789 |
| Property Price € | €1,450,000 |
| Minimum cost in the last six months | £1,206,110 |
| Maximum cost in the last six months | £1,247,899 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £41,789 |
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 £41,789 more.
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