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Upon entering this comfortable two-bedroom villa, we find the living room with access to the outdoor recreation area and private pool
Silves, Faro, Portugal
REF: 895658
€110,000
Description
Upon entering this comfortable two-bedroom villa, we find the living room with access to the outdoor recreation area and private pool. The elegantly equipped kitchen with kitchen island with dining space, is in open plan with the living room. The master bedroom has built-in wardrobe, ensuite bathroom equipped with shower, double sink and pool view. The second bedroom also has built-in wardrobe and is supported by a full bathroom with shower. The outdoor leisure areas consist of an exclusive garden and private pool. Outside there is a partially covered parking space. This property is equipped with air conditioning and furnished. The Resort has an 18 hole golf course, club house with restaurant and bar. *With the investment of EUR110,000 you can be a co-owner of a full property that will be yours to use annually in a rotation system. You will become owner together with 3 other independent owners of a modern apartment in our development, and every 1/4 of the property will be secured by individual title deeds. This system allows the reduction of costs inherent to tax charges and maintenance that will be divided into four equal parts for each owner, who can use the property for 13 weeks a year! By purchasing a property at one of the Pestana Group Resorts in the Algarve, we offer the Resort card, awarding discounts in our restaurants and bars together with the Pestana Guest Card (PGC) loyalty program with numerous advantages! The Pestana Group is the largest multinational group of Portuguese origin in the tourism sector, being present in Europe, the Americas and Africa, with more than 100 hotels and 12,000 rooms under direct management, being elected by more than 3.5 million customers/ year. In hospitality, its main business, the Group operates with four brands: Pestana Hotels & Resorts, Pestana Collection Hotels, Pestana Pousadas de Portugal and Pestana CR7 Lifestyle Hotels. With the aim of offering complete and attractive products, the Group also operates in several business areas: hospitality, tourist real estate, tourism, golf, casinos and industry.
Upon entering this comfortable two-bedroom villa, we find the living room with access to the outdoor recreation area and private pool. The elegantly equipped kitchen with kitchen island with dining space, is in open plan with the living room. The master bedroom has built-in wardrobe, ensuite bathroom equipped with shower, double sink and pool view. The second bedroom also has built-in wardrobe and is supported by a full bathroom with shower. The outdoor leisure areas consist of an exclusive garden and private pool. Outside there is a partially covered parking space. This property is equipped with air conditioning and furnished. The Resort has an 18 hole golf course, club house with restaurant and bar. *With the investment of EUR110,000 you can be a co-owner of a full property that will be yours to use annually in a rotation system. You will become owner together with 3 other independent owners of a modern apartment in our development, and every 1/4 of the property will be secured by individual title deeds. This system allows the reduction of costs inherent to tax charges and maintenance that will be divided into four equal parts for each owner, who can use the property for 13 weeks a year! By purchasing a property at one of the Pestana Group Resorts in the Algarve, we offer the Resort card, awarding discounts in our restaurants and bars together with the Pestana Guest Card (PGC) loyalty program with numerous advantages! The Pestana Group is the largest multinational group of Portuguese origin in the tourism sector, being present in Europe, the Americas and Africa, with more than 100 hotels and 12,000 rooms under direct management, being elected by more than 3.5 million customers/ year. In hospitality, its main business, the Group operates with four brands: Pestana Hotels & Resorts, Pestana Collection Hotels, Pestana Pousadas de Portugal and Pestana CR7 Lifestyle Hotels. With the aim of offering complete and attractive products, the Group also operates in several business areas: hospitality, tourist real estate, tourism, golf, casinos and industry.
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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 €110,000 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 |
|---|---|---|---|
| €110,000 | £91,114 | £94,540 | £3,425 |
| Property Price € | €110,000 |
| Minimum cost in the last six months | £91,114 |
| Maximum cost in the last six months | £94,540 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £3,425 |
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 €110,000 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 |
|---|---|---|---|
| €110,000 | £91,114 | £94,540 | £3,425 |
| Property Price € | €110,000 |
| Minimum cost in the last six months | £91,114 |
| Maximum cost in the last six months | £94,540 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £3,425 |
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 £3,425 more.
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