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Magnificent land with approved project for construction of 4-star rural farm
Guia, Faro, Portugal
REF: 447273
€3,500,000
Description
Magnificent land with approved project for construction of 4-star rural farm. It has a useful interior floor area of 1606.7sqm. It is located in the municipality of Albufeira, in the parish of Guia at an altitude of 50m, distancing itself from the sea of less than 5.0 km (IV3). Project: The building consists of a single block with two floors. The floor 0, at the level of the sandstone quota on one of the facades, will consist of a parking space, technical areas and double rooms with its own sanitary installation. The upper floor will consist of double rooms also with its own sanitary installation and in the central area the reception area, in addition to two dining/living rooms supported by a kitchen and its support areas. The planned air conditioning is vrv type. For ventilation, four air treatment units are planned to be installed, one of them with heat recovery. For the production of AQS, a heat pump system will be installed. Elevators are also planned. Great business investment for rural tourism in the Algarve.
Magnificent land with approved project for construction of 4-star rural farm. It has a useful interior floor area of 1606.7sqm. It is located in the municipality of Albufeira, in the parish of Guia at an altitude of 50m, distancing itself from the sea of less than 5.0 km (IV3). Project: The building consists of a single block with two floors. The floor 0, at the level of the sandstone quota on one of the facades, will consist of a parking space, technical areas and double rooms with its own sanitary installation. The upper floor will consist of double rooms also with its own sanitary installation and in the central area the reception area, in addition to two dining/living rooms supported by a kitchen and its support areas. The planned air conditioning is vrv type. For ventilation, four air treatment units are planned to be installed, one of them with heat recovery. For the production of AQS, a heat pump system will be installed. Elevators are also planned. Great business investment for rural tourism in the Algarve.
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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 €3,500,000 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 |
|---|---|---|---|
| €3,500,000 | £2,977,415 | £3,067,890 | £90,475 |
| Property Price € | €3,500,000 |
| Minimum cost in the last six months | £2,977,415 |
| Maximum cost in the last six months | £3,067,890 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £90,475 |
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 €3,500,000 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 |
|---|---|---|---|
| €3,500,000 | £2,977,415 | £3,067,890 | £90,475 |
| Property Price € | €3,500,000 |
| Minimum cost in the last six months | £2,977,415 |
| Maximum cost in the last six months | £3,067,890 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £90,475 |
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 £90,475 more.
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