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The Elite Residence DEMARCATES by modern architecture of bold design and is located in the heart of Praia da Rocha, about 150 metres from the sea
Praia da Rocha, Faro, Portugal
REF: 258408
€835,000
Description
The Elite Residence DEMARCATES by modern architecture of bold design and is located in the heart of Praia da Rocha, about 150 metres from the sea. A unique space to live, vacation and enjoy the tranquility that make your House a home special. Elite Residence is a unique tourist condominium that power more than 9000 square meters of property to offer 90 exclusive properties, with styles ranging from T1 to T3 in 1 block with 17 floors. Are distinguished by their large areas, ranging from the 73sqm and the 202sqm with 1 parking spot, has 5 shops, garden and swimming pool. In the interior of the apartments the finishes are a discreet luxury and the ambience is seductive. The large balconies feature an excellent exposure to the Sun and sea view. Kitchens with all the appliances fitted, ready for use: oven, ceramic hob, extractor fan, solar water heater, microwave, washing machine, dishwasher and fridge/freezer combo, sink countertop in stainless steel. In the bathrooms: sanitary sink suspended, suspended lavatory counters, shower bases, chrome faucets, wall mirrors. Fire entry doors and high security. Door frame in aluminium with high panoramic double glass. FACILITIES AND EQUIPMENT: -Lifts with safety system in case of failure of electricity down to the nearest floor and opens the door. Phone in cab; -Video Intercom; -Air conditioning in all rooms and bedrooms (pre-install); -Floor heating with heat pump (pre-install); -Solar Energy for heating of sanitary water; -Access Gates to the condo and garages, automatic and with providing the individual command; -Parking Basement with detection of fire and carbon monoxide.
The Elite Residence DEMARCATES by modern architecture of bold design and is located in the heart of Praia da Rocha, about 150 metres from the sea. A unique space to live, vacation and enjoy the tranquility that make your House a home special. Elite Residence is a unique tourist condominium that power more than 9000 square meters of property to offer 90 exclusive properties, with styles ranging from T1 to T3 in 1 block with 17 floors. Are distinguished by their large areas, ranging from the 73sqm and the 202sqm with 1 parking spot, has 5 shops, garden and swimming pool. In the interior of the apartments the finishes are a discreet luxury and the ambience is seductive. The large balconies feature an excellent exposure to the Sun and sea view. Kitchens with all the appliances fitted, ready for use: oven, ceramic hob, extractor fan, solar water heater, microwave, washing machine, dishwasher and fridge/freezer combo, sink countertop in stainless steel. In the bathrooms: sanitary sink suspended, suspended lavatory counters, shower bases, chrome faucets, wall mirrors. Fire entry doors and high security. Door frame in aluminium with high panoramic double glass. FACILITIES AND EQUIPMENT: -Lifts with safety system in case of failure of electricity down to the nearest floor and opens the door. Phone in cab; -Video Intercom; -Air conditioning in all rooms and bedrooms (pre-install); -Floor heating with heat pump (pre-install); -Solar Energy for heating of sanitary water; -Access Gates to the condo and garages, automatic and with providing the individual command; -Parking Basement with detection of fire and carbon monoxide.
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Currency Exchange
Praia da Rocha, 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 €835,000 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 |
|---|---|---|---|
| €835,000 | £691,639 | £717,641 | £26,002 |
| Property Price € | €835,000 |
| Minimum cost in the last six months | £691,639 |
| Maximum cost in the last six months | £717,641 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £26,002 |
Praia da Rocha, 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 €835,000 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 |
|---|---|---|---|
| €835,000 | £691,639 | £717,641 | £26,002 |
| Property Price € | €835,000 |
| Minimum cost in the last six months | £691,639 |
| Maximum cost in the last six months | £717,641 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £26,002 |
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 £26,002 more.
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