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Magnificent five-bedroom villa near the beach in Porches This three-storey villa is set on a plot of 1,158 square metres with a beautiful garden and a lovely swimming pool with a waterfall and a borehole
Lagoa (Algarve), Faro, Portugal
REF: 923284
€1,550,000
Description
Magnificent five-bedroom villa near the beach in Porches This three-storey villa is set on a plot of 1,158 square metres with a beautiful garden and a lovely swimming pool with a waterfall and a borehole. On the ground floor we find the entrance hall, a kitchen with island, a laundry area, a generous living room with fireplace, a guest bathroom, a suite and an office. On the second floor, there is a huge suite with a dressing room, two bedrooms and a bathroom, and on the third floor there is a further bedroom with a bathroom. Throughout the house there is underfloor heating and electric black outs. There are also two garages with direct access to the house. Energy optimisation is guaranteed by the five photovoltaic panels. Nearby you'll find the beach (just 2.7 km away), the Nobel Algarve International School (Lagoa) and the town of Armação de Pêra, which has all the services you need for daily activities, such as supermarkets, a municipal market, cafés and restaurants, a pharmacy, a bank and a post office, among others. We have support for the financing process, through a credit intermediary authorised by Banco de Portugal, who will help you find the best solutions for you. #ref: 133087
Magnificent five-bedroom villa near the beach in Porches This three-storey villa is set on a plot of 1,158 square metres with a beautiful garden and a lovely swimming pool with a waterfall and a borehole. On the ground floor we find the entrance hall, a kitchen with island, a laundry area, a generous living room with fireplace, a guest bathroom, a suite and an office. On the second floor, there is a huge suite with a dressing room, two bedrooms and a bathroom, and on the third floor there is a further bedroom with a bathroom. Throughout the house there is underfloor heating and electric black outs. There are also two garages with direct access to the house. Energy optimisation is guaranteed by the five photovoltaic panels. Nearby you'll find the beach (just 2.7 km away), the Nobel Algarve International School (Lagoa) and the town of Armação de Pêra, which has all the services you need for daily activities, such as supermarkets, a municipal market, cafés and restaurants, a pharmacy, a bank and a post office, among others. We have support for the financing process, through a credit intermediary authorised by Banco de Portugal, who will help you find the best solutions for you. #ref: 133087
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Currency Exchange
Lagoa (Algarve), 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 €1,550,000 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 |
|---|---|---|---|
| €1,550,000 | £1,277,045 | £1,332,148 | £55,103 |
| Property Price € | €1,550,000 |
| Minimum cost in the last six months | £1,277,045 |
| Maximum cost in the last six months | £1,332,148 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £55,103 |
Lagoa (Algarve), 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 €1,550,000 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 |
|---|---|---|---|
| €1,550,000 | £1,277,045 | £1,332,148 | £55,103 |
| Property Price € | €1,550,000 |
| Minimum cost in the last six months | £1,277,045 |
| Maximum cost in the last six months | £1,332,148 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £55,103 |
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 £55,103 more.
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