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Magnificent villa inspired by the architectural lines of the 70's is under construction, located in Lombos near Porches, Lagoa and the splendid beaches and caves of Benagil
Lagoa (Algarve), Faro, Portugal
REF: 404330
€1,500,000
Description
Magnificent villa inspired by the architectural lines of the 70's is under construction, located in Lombos near Porches, Lagoa and the splendid beaches and caves of Benagil. This property has two floors, in the basement you will find a garage and a wine cellar and on the second floor 4 bedrooms, one of them being a suite with WC and a wardrobe, 2 bathrooms and an open space between living room and kitchen. Outside you will find a swimming pool, a patio and a 17680m2 plot of land, surrounded by a variety of trees such as Almond, Carob and Olive trees, perfect for growing vines. Initially its production was destined to Adega de Lagoa (wine cellar) in which its owner, heir of one of its founding partners, wanted to restore tradition and allocate the rural part of the land to wine production. The villa has a huge basement designed exactly for its personal production and storage. Excellent location for main or secondary habitation. It is located 10m from Nobel Algarve British International School and 10m from the caves of Benagil. This villa is currently under construction and is scheduled to be finished by the end of summer 2022. Excellent location to enjoy the sun and its surrounding landscapes. #ref: 65147
Magnificent villa inspired by the architectural lines of the 70's is under construction, located in Lombos near Porches, Lagoa and the splendid beaches and caves of Benagil. This property has two floors, in the basement you will find a garage and a wine cellar and on the second floor 4 bedrooms, one of them being a suite with WC and a wardrobe, 2 bathrooms and an open space between living room and kitchen. Outside you will find a swimming pool, a patio and a 17680m2 plot of land, surrounded by a variety of trees such as Almond, Carob and Olive trees, perfect for growing vines. Initially its production was destined to Adega de Lagoa (wine cellar) in which its owner, heir of one of its founding partners, wanted to restore tradition and allocate the rural part of the land to wine production. The villa has a huge basement designed exactly for its personal production and storage. Excellent location for main or secondary habitation. It is located 10m from Nobel Algarve British International School and 10m from the caves of Benagil. This villa is currently under construction and is scheduled to be finished by the end of summer 2022. Excellent location to enjoy the sun and its surrounding landscapes. #ref: 65147
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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 €1,500,000 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 |
|---|---|---|---|
| €1,500,000 | £1,276,035 | £1,314,810 | £38,775 |
| Property Price € | €1,500,000 |
| Minimum cost in the last six months | £1,276,035 |
| Maximum cost in the last six months | £1,314,810 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £38,775 |
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 €1,500,000 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 |
|---|---|---|---|
| €1,500,000 | £1,276,035 | £1,314,810 | £38,775 |
| Property Price € | €1,500,000 |
| Minimum cost in the last six months | £1,276,035 |
| Maximum cost in the last six months | £1,314,810 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £38,775 |
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 £38,775 more.
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