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Large plot with project for rural hotel 3 *** or elderly care, 3 minutes from the beach of VAU
Portimão, Faro, Portugal
REF: 267350
€600,000
Description
Large plot with project for rural hotel 3 *** or elderly care, 3 minutes from the beach of VAU. Possible to build up to 2000m² The project was designed to have 2 swimming pools of 120 m², a reception, a restaurant / bar, a multipurpose room, a shower area, 12 single rooms, 11 double rooms , 12 T2 apartments (including 4 adapted for people with reduced mobility - UMC), parking spaces and recreational areas. It is also possible to build a retirement home in the areas of health, sport, hunting, nature and culture, preserving the concept of rural hotel Important: Despite the conditioning we are all subject to at the moment, digital channels allow me to continue to ensure close monitoring for all my clients. I am still 100% available, by phone or e-mail, to provide you with any additional information about this property and to schedule a more detailed visit to it, even if from a distance. #ref: 29409
Large plot with project for rural hotel 3 *** or elderly care, 3 minutes from the beach of VAU. Possible to build up to 2000m² The project was designed to have 2 swimming pools of 120 m², a reception, a restaurant / bar, a multipurpose room, a shower area, 12 single rooms, 11 double rooms , 12 T2 apartments (including 4 adapted for people with reduced mobility - UMC), parking spaces and recreational areas. It is also possible to build a retirement home in the areas of health, sport, hunting, nature and culture, preserving the concept of rural hotel Important: Despite the conditioning we are all subject to at the moment, digital channels allow me to continue to ensure close monitoring for all my clients. I am still 100% available, by phone or e-mail, to provide you with any additional information about this property and to schedule a more detailed visit to it, even if from a distance. #ref: 29409
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Currency Exchange
Portimão, 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 €600,000 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 |
|---|---|---|---|
| €600,000 | £510,414 | £525,924 | £15,510 |
| Property Price € | €600,000 |
| Minimum cost in the last six months | £510,414 |
| Maximum cost in the last six months | £525,924 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £15,510 |
Portimão, 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 €600,000 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 |
|---|---|---|---|
| €600,000 | £510,414 | £525,924 | £15,510 |
| Property Price € | €600,000 |
| Minimum cost in the last six months | £510,414 |
| Maximum cost in the last six months | £525,924 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £15,510 |
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 £15,510 more.
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