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RESORT HOTEL - SALGADOS GUIA - ALBUFEIRA - ALGARVE Quinta Herdade Hotel in the final phase of construction
Guia, Faro, Portugal
REF: 899102
€12,500,000
Description
RESORT HOTEL - SALGADOS GUIA - ALBUFEIRA - ALGARVE Quinta Herdade Hotel in the final phase of construction. Salgados - Albufeira It is a fenced property with around 11ha, with an approved project for a Hotel Fazenda, with works already started, the structure will be completed during the year 2025. It will have a construction area of 2000sqm distributed in 3 blocks, 2 of which will be used for accommodation units and others for support. The two blocks of accommodation units are oriented to the Southeast, providing a general perspective of the southern part of the farm. It will have a capacity for 39 housing units. Room/Suites. Another 20 independent houses. Located in a privileged area, next to Salgados and Galé, in Albufeira, it has great potential to transform into magnificent rural tourism, where you can showcase the various regional products and existing traditions. The perfect getaway for those who want a weekend getaway in the countryside, but just a few minutes from the beach. Just 3 km from the best beaches in the Algarve. Excellent investment opportunity. Ask us for more information. Book your visit. - We assist in the entire Buying and Sales Process Imobiliária Casas do Sotavento was founded in 2000 with the aim of being the reference real estate agency in the eastern Algarve. We stand out for our commitment to technological development, being present on around 220 national and foreign portals and social networks. We provide personalized support, creating tailor-made solutions for each client. All of our professionals guarantee rigorous management of brokerage contracts and purchase and sales processes. Finally, we provide consultancy to all our clients, and we also use modern and computerized means to manage the business.
RESORT HOTEL - SALGADOS GUIA - ALBUFEIRA - ALGARVE Quinta Herdade Hotel in the final phase of construction. Salgados - Albufeira It is a fenced property with around 11ha, with an approved project for a Hotel Fazenda, with works already started, the structure will be completed during the year 2025. It will have a construction area of 2000sqm distributed in 3 blocks, 2 of which will be used for accommodation units and others for support. The two blocks of accommodation units are oriented to the Southeast, providing a general perspective of the southern part of the farm. It will have a capacity for 39 housing units. Room/Suites. Another 20 independent houses. Located in a privileged area, next to Salgados and Galé, in Albufeira, it has great potential to transform into magnificent rural tourism, where you can showcase the various regional products and existing traditions. The perfect getaway for those who want a weekend getaway in the countryside, but just a few minutes from the beach. Just 3 km from the best beaches in the Algarve. Excellent investment opportunity. Ask us for more information. Book your visit. - We assist in the entire Buying and Sales Process Imobiliária Casas do Sotavento was founded in 2000 with the aim of being the reference real estate agency in the eastern Algarve. We stand out for our commitment to technological development, being present on around 220 national and foreign portals and social networks. We provide personalized support, creating tailor-made solutions for each client. All of our professionals guarantee rigorous management of brokerage contracts and purchase and sales processes. Finally, we provide consultancy to all our clients, and we also use modern and computerized means to manage the business.
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Currency Exchange
Guia, 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 €12,500,000 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 |
|---|---|---|---|
| €12,500,000 | £10,353,875 | £10,743,125 | £389,250 |
| Property Price € | €12,500,000 |
| Minimum cost in the last six months | £10,353,875 |
| Maximum cost in the last six months | £10,743,125 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £389,250 |
Guia, 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 €12,500,000 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 |
|---|---|---|---|
| €12,500,000 | £10,353,875 | £10,743,125 | £389,250 |
| Property Price € | €12,500,000 |
| Minimum cost in the last six months | £10,353,875 |
| Maximum cost in the last six months | £10,743,125 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £389,250 |
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 £389,250 more.
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