Plot in the centre of S

S o Br s de Alportel, Algarve, Portugal

For Sale

€600,000

REF: 593653 €600,000


Description

This plot is centrally located within the historic centre of Sao Br s and it has panoramic views of the mountains to the sea. The plot has a total area of 6100m2 and it has been approved by the council as part of the Architectural development plan of the historic centre to build a hotel up to 55 bedrooms (110 beds) into 3 floors with a total construction area of 4100m2 plus basement.
This plot is centrally located within the historic centre of Sao Br s and it has panoramic views of the mountains to the sea. The plot has a total area of 6100m2 and it has been approved by the council as part of the Architectural development plan of the historic centre to build a hotel up to 55 bedrooms (110 beds) into 3 floors with a total construction area of 4100m2 plus basement.
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Property on Map

#EAV-1549

Currency Exchange

S o Br s de Alportel, Algarve, 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 £501,696 £541,254 £39,558
Property Price € €600,000
Minimum cost in the last six months £501,696
Maximum cost in the last six months £541,254
Fluctuating exchange rates over the last six months could have increased the cost of this property by £39,558

S o Br s de Alportel, Algarve, 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 £501,696 £541,254 £39,558
Property Price € €600,000
Minimum cost in the last six months £501,696
Maximum cost in the last six months £541,254
Fluctuating exchange rates over the last six months could have increased the cost of this property by £39,558

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 £39,558 more.

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