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House to recover, in the municipality of Loulé, located on top of a hill with a privileged view of the development Ombria Resort
Loulé, Faro, Portugal
REF: 591237
€175,000
Description
House to recover, in the municipality of Loulé, located on top of a hill with a privileged view of the development Ombria Resort. This plot has 273m2, with a ruin of 95.5m2, there is the possibility of alteration and expansion of the same, it enjoys a prestigious view. Faro airport and the magnificent Algarve beaches. It has excellent access and in its surrounding area has public water, sewage, electricity and telecommunications. Both with fantastic views of the Algarve Mountains and the exclusive luxury resort in the Algarve Quinta da Ombria. This Resort excels in energy sustainability, surrounded by nature, is unique in the south of Portugal, covering 153 hectares and comprising a 5* Viceroy Hotel, six restaurants, swimming pools, Spa, gym and kids club, the 65 Viceroy Residences, the Conference Center, the 18-hole golf course and another 95 luxury real estate units, 12 villas, and 83 tourist properties (apartments, townhouses or townhouses and detached villas). Investment opportunity in the construction sector, where return is guaranteed, is an increasingly sought after location for being a quiet and development place. #ref: 80198
House to recover, in the municipality of Loulé, located on top of a hill with a privileged view of the development Ombria Resort. This plot has 273m2, with a ruin of 95.5m2, there is the possibility of alteration and expansion of the same, it enjoys a prestigious view. Faro airport and the magnificent Algarve beaches. It has excellent access and in its surrounding area has public water, sewage, electricity and telecommunications. Both with fantastic views of the Algarve Mountains and the exclusive luxury resort in the Algarve Quinta da Ombria. This Resort excels in energy sustainability, surrounded by nature, is unique in the south of Portugal, covering 153 hectares and comprising a 5* Viceroy Hotel, six restaurants, swimming pools, Spa, gym and kids club, the 65 Viceroy Residences, the Conference Center, the 18-hole golf course and another 95 luxury real estate units, 12 villas, and 83 tourist properties (apartments, townhouses or townhouses and detached villas). Investment opportunity in the construction sector, where return is guaranteed, is an increasingly sought after location for being a quiet and development place. #ref: 80198
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Currency Exchange
Loulé, 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 €175,000 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 |
|---|---|---|---|
| €175,000 | £148,871 | £153,200 | £4,330 |
| Property Price € | €175,000 |
| Minimum cost in the last six months | £148,871 |
| Maximum cost in the last six months | £153,200 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £4,330 |
Loulé, 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 €175,000 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 |
|---|---|---|---|
| €175,000 | £148,871 | £153,200 | £4,330 |
| Property Price € | €175,000 |
| Minimum cost in the last six months | £148,871 |
| Maximum cost in the last six months | £153,200 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £4,330 |
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 £4,330 more.
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