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Modern 3 bedroom villa under construction in residential area
Portimão, Faro, Portugal, 8500-120 Mexilhoeira
REF: 710525
€795,000
Description
New Contemporary villa with pool for sale in Mexilhoeira Grande, close to the coast. This stylish new-built villa is located close to Mexilhoeira Grande only 15 minutes from the ocean, the center of Lagos and close to all amenities.
The villa is spread over 2 floors, on the lower floor you can find the open plan kitchen and living area with dining room and one bedroom, with walk-in wardrobe, en-suite bathroom, utility room and guest bathroom. The living area has double height ceiling and large sliding windows providing space and ample natural light. The sliding windows give out on the terrace with swimming pool and provide great panoramic views over the countryside and to the village of Mexilhoeira Grande.
On the top floor there are 2 more bedrooms, both with en-suite bathrooms and terrace. This floor also offers access to a covered carport with space for 2 cars and an electric vehicle charging point.
With 3-split air-condition units in the whole house, solar panels for hot water and electric shutters this new-built offers convenient living throughout the entire year.
The villa is currently at the finishing stage of construction. Completion is set to be by August 2023.
New Contemporary villa with pool for sale in Mexilhoeira Grande, close to the coast. This stylish new-built villa is located close to Mexilhoeira Grande only 15 minutes from the ocean, the center of Lagos and close to all amenities.
The villa is spread over 2 floors, on the lower floor you can find the open plan kitchen and living area with dining room and one bedroom, with walk-in wardrobe, en-suite bathroom, utility room and guest bathroom. The living area has double height ceiling and large sliding windows providing space and ample natural light. The sliding windows give out on the terrace with swimming pool and provide great panoramic views over the countryside and to the village of Mexilhoeira Grande.
On the top floor there are 2 more bedrooms, both with en-suite bathrooms and terrace. This floor also offers access to a covered carport with space for 2 cars and an electric vehicle charging point.
With 3-split air-condition units in the whole house, solar panels for hot water and electric shutters this new-built offers convenient living throughout the entire year.
The villa is currently at the finishing stage of construction. Completion is set to be by August 2023.
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Currency Exchange
Portimão, Faro, Portugal, 8500-120 Mexilhoeira
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 €795,000 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 |
|---|---|---|---|
| €795,000 | £676,299 | £696,849 | £20,551 |
| Property Price € | €795,000 |
| Minimum cost in the last six months | £676,299 |
| Maximum cost in the last six months | £696,849 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £20,551 |
Portimão, Faro, Portugal, 8500-120 Mexilhoeira
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 €795,000 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 |
|---|---|---|---|
| €795,000 | £676,299 | £696,849 | £20,551 |
| Property Price € | €795,000 |
| Minimum cost in the last six months | £676,299 |
| Maximum cost in the last six months | £696,849 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £20,551 |
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 £20,551 more.
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