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OFF-PLAN PURCHASES BETWEEN starting at 525,000 for a semi detatched villa, and between 695,000 and 895,000 for a detatched villa depending on the size
Lagos, Faro, Portugal
REF: 383829
€525,000
Description
OFF-PLAN PURCHASES BETWEEN starting at 525,000 for a semi detatched villa, and between 695,000 and 895,000 for a detatched villa depending on the size. An opportunity to buy a plot with approved project. Includes full project management and construction of the build Contemporary design architecture with high quality finishes. Buyers also have options to personalise the finishes to their own specification. All houses have their own private swimming pools, an each project has the option for an enormous basement. Great location, being just a few minutes to drive to Lagos, with its fabulous beaches and facilities; but also having the benefit of a quiet and peaceful location on the edge of beautiful countryside. Private Condominium. #ref: 63799
OFF-PLAN PURCHASES BETWEEN starting at 525,000 for a semi detatched villa, and between 695,000 and 895,000 for a detatched villa depending on the size. An opportunity to buy a plot with approved project. Includes full project management and construction of the build Contemporary design architecture with high quality finishes. Buyers also have options to personalise the finishes to their own specification. All houses have their own private swimming pools, an each project has the option for an enormous basement. Great location, being just a few minutes to drive to Lagos, with its fabulous beaches and facilities; but also having the benefit of a quiet and peaceful location on the edge of beautiful countryside. Private Condominium. #ref: 63799
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Currency Exchange
Lagos, 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 €525,000 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 |
|---|---|---|---|
| €525,000 | £446,612 | £460,184 | £13,571 |
| Property Price € | €525,000 |
| Minimum cost in the last six months | £446,612 |
| Maximum cost in the last six months | £460,184 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £13,571 |
Lagos, 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 €525,000 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 |
|---|---|---|---|
| €525,000 | £446,612 | £460,184 | £13,571 |
| Property Price € | €525,000 |
| Minimum cost in the last six months | £446,612 |
| Maximum cost in the last six months | £460,184 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £13,571 |
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 £13,571 more.
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