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Presenting a new modern villa, part of an exclusive development of 10 luxurious homes, located in the charming village of Almádena, in the parish of Luz, Lagos municipality, in the heart of the Algarve
Lagos, Faro, Portugal
REF: 981016
€640,000
Description
Presenting a new modern villa, part of an exclusive development of 10 luxurious homes, located in the charming village of Almádena, in the parish of Luz, Lagos municipality, in the heart of the Algarve. This property is currently under project phase and will be delivered as a turnkey solution. With a sale price of €640,000, this villa offers an excellent combination of location, comfort, and contemporary design. It is just a 10-minute drive from the historic center of Lagos and only 5 minutes from Praia da Luz, enjoying a south-facing orientation that ensures abundant natural light throughout the day. Spread over two floors, the villa offers a total construction area of 187 m² on a 216 m² plot. The ground floor features an entrance hall, a fully equipped modern open-plan kitchen with a dining area, and a spacious living room with direct access to the exterior. The outdoor space includes a pleasant leisure area with decking, barbecue, garden, and the option to build a swimming pool (not included in the price – additional cost of €30,000). This level also includes one bedroom, a full bathroom, and a private garage. Upstairs, there are two en-suite bedrooms, as well as an office with a private bathroom, which can easily serve as a fourth bedroom. All rooms have access to exterior balconies, and the upper floor also features a spacious terrace overlooking the ground-floor patio, the village of Almádena, and the surrounding countryside. The villa will be delivered with high-quality finishes and a modern style focused on comfort and functionality. The energy certification is currently in process. This is an excellent opportunity for those seeking a modern home in a peaceful, naturally beautiful location with easy access to beaches and essential amenities. Feel free to contact me for more information. *I speak French, Portuguese, English, and Spanish. *I share my commission 50%-50% with all agencies. #ref: 123212
Presenting a new modern villa, part of an exclusive development of 10 luxurious homes, located in the charming village of Almádena, in the parish of Luz, Lagos municipality, in the heart of the Algarve. This property is currently under project phase and will be delivered as a turnkey solution. With a sale price of €640,000, this villa offers an excellent combination of location, comfort, and contemporary design. It is just a 10-minute drive from the historic center of Lagos and only 5 minutes from Praia da Luz, enjoying a south-facing orientation that ensures abundant natural light throughout the day. Spread over two floors, the villa offers a total construction area of 187 m² on a 216 m² plot. The ground floor features an entrance hall, a fully equipped modern open-plan kitchen with a dining area, and a spacious living room with direct access to the exterior. The outdoor space includes a pleasant leisure area with decking, barbecue, garden, and the option to build a swimming pool (not included in the price – additional cost of €30,000). This level also includes one bedroom, a full bathroom, and a private garage. Upstairs, there are two en-suite bedrooms, as well as an office with a private bathroom, which can easily serve as a fourth bedroom. All rooms have access to exterior balconies, and the upper floor also features a spacious terrace overlooking the ground-floor patio, the village of Almádena, and the surrounding countryside. The villa will be delivered with high-quality finishes and a modern style focused on comfort and functionality. The energy certification is currently in process. This is an excellent opportunity for those seeking a modern home in a peaceful, naturally beautiful location with easy access to beaches and essential amenities. Feel free to contact me for more information. *I speak French, Portuguese, English, and Spanish. *I share my commission 50%-50% with all agencies. #ref: 123212
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Currency Exchange
Lagos, Faro, 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 €640,000 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 |
|---|---|---|---|
| €640,000 | £528,230 | £555,578 | £27,347 |
| Property Price € | €640,000 |
| Minimum cost in the last six months | £528,230 |
| Maximum cost in the last six months | £555,578 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £27,347 |
Lagos, Faro, 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 €640,000 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 |
|---|---|---|---|
| €640,000 | £528,230 | £555,578 | £27,347 |
| Property Price € | €640,000 |
| Minimum cost in the last six months | £528,230 |
| Maximum cost in the last six months | £555,578 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £27,347 |
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 £27,347 more.
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