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New luxurious villa, with elevator and seaviews for sale in Caldas de Monchique, Algarve
Monchique, Portugal
REF: 741193
€1,680,000
Description
This two-floor mansion is located in Montinho, close to the Caldas de Monchique - a resort with spa facilities. This impressive location gives the quietness of the countryside and yet, very good accessibility to the 20-minute drive to Portimao city and the beach. The contemporary design and high-end finishings of the property are accented by its capacious living spaces, three en-suite bedrooms, open-plan kitchen and breathtaking views of the magnificent Monchique mountains and to the south, the Algarve coastline. The entrance leads to a hallway that provides access to three bedrooms with bathrooms and views of the sea. From the corridor, we can take a lift down to the ground floor to an open-plan kitchen and living room. There is also a laundry room and an additional toilet. The large south-west facing windows bring in plenty of light, which can be regulated by electric shutters. Furthermore, we can enjoy a very modern swimming pool and a large terrace with indescribable views. All is surrounded by Mediterranean gardens. That property creates the possibility to immerse yourself fully in luxury and nature. Monchique offers the opportunity to enjoy walking trails, cycling routes, delicious food and a peaceful place to live. Area total 518 square meters inside 229 outside 217 parking 31 swimming pool 31 service room 10
This two-floor mansion is located in Montinho, close to the Caldas de Monchique - a resort with spa facilities. This impressive location gives the quietness of the countryside and yet, very good accessibility to the 20-minute drive to Portimao city and the beach. The contemporary design and high-end finishings of the property are accented by its capacious living spaces, three en-suite bedrooms, open-plan kitchen and breathtaking views of the magnificent Monchique mountains and to the south, the Algarve coastline. The entrance leads to a hallway that provides access to three bedrooms with bathrooms and views of the sea. From the corridor, we can take a lift down to the ground floor to an open-plan kitchen and living room. There is also a laundry room and an additional toilet. The large south-west facing windows bring in plenty of light, which can be regulated by electric shutters. Furthermore, we can enjoy a very modern swimming pool and a large terrace with indescribable views. All is surrounded by Mediterranean gardens. That property creates the possibility to immerse yourself fully in luxury and nature. Monchique offers the opportunity to enjoy walking trails, cycling routes, delicious food and a peaceful place to live. Area total 518 square meters inside 229 outside 217 parking 31 swimming pool 31 service room 10
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Currency Exchange
Monchique, 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 €1,680,000 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 |
|---|---|---|---|
| €1,680,000 | £1,429,159 | £1,472,587 | £43,428 |
| Property Price € | €1,680,000 |
| Minimum cost in the last six months | £1,429,159 |
| Maximum cost in the last six months | £1,472,587 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £43,428 |
Monchique, 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 €1,680,000 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 |
|---|---|---|---|
| €1,680,000 | £1,429,159 | £1,472,587 | £43,428 |
| Property Price € | €1,680,000 |
| Minimum cost in the last six months | £1,429,159 |
| Maximum cost in the last six months | £1,472,587 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £43,428 |
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 £43,428 more.
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