Project to build a senior home in the Algarve with 80 bedrooms

S o Br s de Alportel, Algarve, Portugal

For Sale

€2,000,000

REF: 593657 €2,000,000


80

Description

Health / Luxury Senior Home with Vip Clinic. Plot of land with project for a building complex within 3 floors designated for housing / apartments distributed the following types: 2 two-bedroom apartments, 3 one-bedroom apartments and 54 studio apartments, plus an additional hotel/home with 21 rooms with a total capacity of 164 users in 82 double beds.

The main buildings include services for private and common use of the hotel, an independent clinic and SPA, panoramic restaurant, caf , bar, conference rooms and training, as well as parking garages, storage rooms and technical areas in the basement and parking lots and recreational areas around.
Health / Luxury Senior Home with Vip Clinic. Plot of land with project for a building complex within 3 floors designated for housing / apartments distributed the following types: 2 two-bedroom apartments, 3 one-bedroom apartments and 54 studio apartments, plus an additional hotel/home with 21 rooms with a total capacity of 164 users in 82 double beds.

The main buildings include services for private and common use of the hotel, an independent clinic and SPA, panoramic restaurant, caf , bar, conference rooms and training, as well as parking garages, storage rooms and technical areas in the basement and parking lots and recreational areas around.
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Property on Map

#EAV-1387

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 €2,000,000 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
€2,000,000 £1,672,320 £1,804,180 £131,860
Property Price € €2,000,000
Minimum cost in the last six months £1,672,320
Maximum cost in the last six months £1,804,180
Fluctuating exchange rates over the last six months could have increased the cost of this property by £131,860

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 €2,000,000 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
€2,000,000 £1,672,320 £1,804,180 £131,860
Property Price € €2,000,000
Minimum cost in the last six months £1,672,320
Maximum cost in the last six months £1,804,180
Fluctuating exchange rates over the last six months could have increased the cost of this property by £131,860

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 £131,860 more.

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