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The construction will start in June 2024 and is the first of a block of 6 villas belonging to Lot 61 of the exclusive Silves Golf Resort
Silves, Faro, Portugal
REF: 896117
€495,000
Description
The construction will start in June 2024 and is the first of a block of 6 villas belonging to Lot 61 of the exclusive Silves Golf Resort. It has an equipped kitchen open to the living room and direct access to the garden and private pool. We have 2 bedrooms with built-in wardrobe, having one of them en suite bathroom and pool view. The second bedroom is supported by another full bathroom. All divisions of this comfortable property have access to the exterior of the villa through large windows. The Silves Golf Resort consists of 1 golf course, club house with restaurant and bar and communal pool for the exclusive use of the owners. We also offer the Resort card to enjoy benefits and advantages 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.
The construction will start in June 2024 and is the first of a block of 6 villas belonging to Lot 61 of the exclusive Silves Golf Resort. It has an equipped kitchen open to the living room and direct access to the garden and private pool. We have 2 bedrooms with built-in wardrobe, having one of them en suite bathroom and pool view. The second bedroom is supported by another full bathroom. All divisions of this comfortable property have access to the exterior of the villa through large windows. The Silves Golf Resort consists of 1 golf course, club house with restaurant and bar and communal pool for the exclusive use of the owners. We also offer the Resort card to enjoy benefits and advantages 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 €495,000 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 |
|---|---|---|---|
| €495,000 | £410,013 | £425,428 | £15,414 |
| Property Price € | €495,000 |
| Minimum cost in the last six months | £410,013 |
| Maximum cost in the last six months | £425,428 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £15,414 |
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 €495,000 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 |
|---|---|---|---|
| €495,000 | £410,013 | £425,428 | £15,414 |
| Property Price € | €495,000 |
| Minimum cost in the last six months | £410,013 |
| Maximum cost in the last six months | £425,428 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £15,414 |
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 £15,414 more.
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