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4-Bedroom apartment in Portimão 5 minutes from beach
Encosta da Marina, Faro, Portugal
REF: 157380
€500,000
Description
4-Bedroom apartment with generous areas, plenty of natural light, swimming pool and great sea view, inserted in private condominium 5 minutes walk to the beach. This magnificent condominium with pool and private garden consists of 6 blocks with 4 floors, for a total of 59 apartments of different typologies T2, T3 and T4. The living room and kitchen walls are in glass, to enjoy the great views. Fully equipped kitchen with induction hob, extractor, oven, microwave, washing machine, dishwasher and double refrigerator. Air conditioning, solar panels and photovoltaic panels. Box for two cars. It is close to shopping centres and services, motorway and a few meters from the Marina, Praia da Rocha and Praia do Vau. Conclusion planned for end of 2020. Come visit and reserve yours (There are already booked / sold apartments)
4-Bedroom apartment with generous areas, plenty of natural light, swimming pool and great sea view, inserted in private condominium 5 minutes walk to the beach. This magnificent condominium with pool and private garden consists of 6 blocks with 4 floors, for a total of 59 apartments of different typologies T2, T3 and T4. The living room and kitchen walls are in glass, to enjoy the great views. Fully equipped kitchen with induction hob, extractor, oven, microwave, washing machine, dishwasher and double refrigerator. Air conditioning, solar panels and photovoltaic panels. Box for two cars. It is close to shopping centres and services, motorway and a few meters from the Marina, Praia da Rocha and Praia do Vau. Conclusion planned for end of 2020. Come visit and reserve yours (There are already booked / sold apartments)
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Currency Exchange
Encosta da Marina, 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 €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 |
|---|---|---|---|
| €500,000 | £414,155 | £429,725 | £15,570 |
| Property Price € | €500,000 |
| Minimum cost in the last six months | £414,155 |
| Maximum cost in the last six months | £429,725 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £15,570 |
Encosta da Marina, 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 €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 |
|---|---|---|---|
| €500,000 | £414,155 | £429,725 | £15,570 |
| Property Price € | €500,000 |
| Minimum cost in the last six months | £414,155 |
| Maximum cost in the last six months | £429,725 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £15,570 |
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 £15,570 more.
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