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Approved Project for a Charming Rural Hotel
Loulé, Faro, Portugal, 8100-229
REF: 963031
€2,850,000
Description
Large plot of land, just 500 meters from the charming city of Loulé, featuring an approved architectural project for a hotel with a modern and minimalist design. This innovative architectural project elegantly bridges the essence of the past and the present, seamlessly combining a traditional house and its surrounding scenery with the modern design of the hotel. The amenities include 16 apartments, each composed of a bedroom, living area with kitchenette, and bathroom, along with five double rooms, all featuring private bathrooms. Two of these double rooms are connected.
The communal spaces are split between a restaurant that accommodates 72 people, a terrace, and an infinity pool with a cozy area for leisure and sunbathing. The project has been meticulously tailored for visitors with limited mobility. The parking facilities are extensive, providing 44 spots, including a service section with a separate entrance.
The design skillfully integrates land's gentle slope, guaranteeing that each unit enjoys uninterrupted views of the picturesque countryside and the sea from the highest vantage point. The low-profile architectural structures harmonize naturally with the surroundings, fostering an inviting atmosphere for tranquil walks within the serene landscape.
This property undoubtedly represents a compelling investment prospect, whether your interest lies in financial returns or developmental possibilities.
Large plot of land, just 500 meters from the charming city of Loulé, featuring an approved architectural project for a hotel with a modern and minimalist design. This innovative architectural project elegantly bridges the essence of the past and the present, seamlessly combining a traditional house and its surrounding scenery with the modern design of the hotel. The amenities include 16 apartments, each composed of a bedroom, living area with kitchenette, and bathroom, along with five double rooms, all featuring private bathrooms. Two of these double rooms are connected.
The communal spaces are split between a restaurant that accommodates 72 people, a terrace, and an infinity pool with a cozy area for leisure and sunbathing. The project has been meticulously tailored for visitors with limited mobility. The parking facilities are extensive, providing 44 spots, including a service section with a separate entrance.
The design skillfully integrates land's gentle slope, guaranteeing that each unit enjoys uninterrupted views of the picturesque countryside and the sea from the highest vantage point. The low-profile architectural structures harmonize naturally with the surroundings, fostering an inviting atmosphere for tranquil walks within the serene landscape.
This property undoubtedly represents a compelling investment prospect, whether your interest lies in financial returns or developmental possibilities.
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Currency Exchange
Loulé, Faro, Portugal, 8100-229
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 €2,850,000 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 |
|---|---|---|---|
| €2,850,000 | £2,348,115 | £2,474,057 | £125,942 |
| Property Price € | €2,850,000 |
| Minimum cost in the last six months | £2,348,115 |
| Maximum cost in the last six months | £2,474,057 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £125,942 |
Loulé, Faro, Portugal, 8100-229
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 €2,850,000 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 |
|---|---|---|---|
| €2,850,000 | £2,348,115 | £2,474,057 | £125,942 |
| Property Price € | €2,850,000 |
| Minimum cost in the last six months | £2,348,115 |
| Maximum cost in the last six months | £2,474,057 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £125,942 |
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 £125,942 more.
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