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Luxury turnkey project Villa Formosa and The Cottage for Sale, Loulé
Loule, Portugal
REF: 603737
€7,500,000
Description
Beautifully designed luxury turnkey contemporary villa and guest cottage comprising a total of 8 bedroom suites, magnificent pool for sale, in Loul (S tio dos Quartos), just a short drive from the areas superb offer of quality and diversity of restaurants, shops, markets, and the most renowned golf courses and golden sandy beaches of the Golden Triangle. Villa Formosa and The Cottage are located 5 kms from Loul and 10 kms from Vilamoura, Vale do Lobo and Quinta do Lago golf courses and beaches. Villa Formosa comprises 5 suites and boasts a contemporary design and bespoke finishing and details throughout. Harmony exists between the interior and exterior of Villa Formosa, showing a delicate balance between a contemporary design where water features and ambiences merge perfectly with the landscaped garden and surrounding countryside. This astonishing villa offers spacious accommodation with an abundance of natural light to illuminate the shooting relaxing colors schemes. The ground floor offers bright and spacious open plan living and dining with access to covered terraces, boasting distant views towards the countryside and sea. The villa will benefit from a fully equipped luxury kitchen with integrated appliances, a laundry/ pantry area and two bedroom suites and a guest toilette on the main floor. The first floor comprises three suites, one with access to a large terrace with a plunge pool. The large basement features a garage for 2 cars, a gym, a multi-funtion/ playroom, a wine cellar, a cinema roo, a pantry and a guest wc. The Cottage, with an area of 186 m2 offers 1 master suite, plus two Suites, 4 wc and ample areas throughout.
Beautifully designed luxury turnkey contemporary villa and guest cottage comprising a total of 8 bedroom suites, magnificent pool for sale, in Loul (S tio dos Quartos), just a short drive from the areas superb offer of quality and diversity of restaurants, shops, markets, and the most renowned golf courses and golden sandy beaches of the Golden Triangle. Villa Formosa and The Cottage are located 5 kms from Loul and 10 kms from Vilamoura, Vale do Lobo and Quinta do Lago golf courses and beaches. Villa Formosa comprises 5 suites and boasts a contemporary design and bespoke finishing and details throughout. Harmony exists between the interior and exterior of Villa Formosa, showing a delicate balance between a contemporary design where water features and ambiences merge perfectly with the landscaped garden and surrounding countryside. This astonishing villa offers spacious accommodation with an abundance of natural light to illuminate the shooting relaxing colors schemes. The ground floor offers bright and spacious open plan living and dining with access to covered terraces, boasting distant views towards the countryside and sea. The villa will benefit from a fully equipped luxury kitchen with integrated appliances, a laundry/ pantry area and two bedroom suites and a guest toilette on the main floor. The first floor comprises three suites, one with access to a large terrace with a plunge pool. The large basement features a garage for 2 cars, a gym, a multi-funtion/ playroom, a wine cellar, a cinema roo, a pantry and a guest wc. The Cottage, with an area of 186 m2 offers 1 master suite, plus two Suites, 4 wc and ample areas throughout.
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Currency Exchange
Loule, 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 €7,500,000 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 |
|---|---|---|---|
| €7,500,000 | £6,380,175 | £6,574,050 | £193,875 |
| Property Price € | €7,500,000 |
| Minimum cost in the last six months | £6,380,175 |
| Maximum cost in the last six months | £6,574,050 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £193,875 |
Loule, 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 €7,500,000 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 |
|---|---|---|---|
| €7,500,000 | £6,380,175 | £6,574,050 | £193,875 |
| Property Price € | €7,500,000 |
| Minimum cost in the last six months | £6,380,175 |
| Maximum cost in the last six months | £6,574,050 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £193,875 |
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 £193,875 more.
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