3 bedroom apartment in luxury tourist development, Pestana Porto Covo Village, located in the village of Porto Covo, in the best of the Alentejo coast

Sines, Setúbal, Portugal

For Sale

€575,000

REF: 544993 €575,000


3

2


101 m2

168 m2

Description

3 bedroom apartment in luxury tourist development, Pestana Porto Covo Village, located in the village of Porto Covo, in the best of the Alentejo coast. Apartment with 101 m2 built and a terrace of 66 m2, on the ground floor or on the first floor without elevator, allows access to the private pools of the Resort, the gym and other facilities that are offered.

The tourist development has 174 apartments, in private condominium, in a monetization regime contracted with the Resort, it also has 24-hour surveillance, a central nucleus with gardens and leisure spaces, Club House with reception and lounge. The upper floors have sea views. The project is finishing the licensing phase and will start construction soon.

It is characterized by in units consisting of two apartments in the R/ C and two apartments on the 1st floor with a penthouse, where all units will have the T2 + 1 typology with private pool. Porto Covo is a popular destination for domestic and foreign tourists, thanks to its magnificent beaches, its essentially fish and seafood restoration and the welcoming rural environment.

The resort is located 500 meters from Praia Grande, 16 km from Sines, 60 km from Grndola, 170 km from Lisbon Airport and 180 km from Faro Airport. The area of the Main Square of Porto Covo was rebuilt after the earthquake of 1755, according to the model and ideals of the Pombalina architecture. In the mid-18th century, it was a small village near a small bay.

The name Covo originates in fishing nets for catching lobsters. It is still characterized as a small fishing community, but it is tourism that is at the center of its growth. The rococo church, dedicated to Our Lady of Solitude (patron saint of fishermen), dates back to the 18th century. There are still some secular traditions such as the traditional festivals to Our Lady of Solitude, in late August, with its traditional bath 29 at 7 am, Pessegueiro Island is not inhabited but has known origin of use since the times when the Carthaginians dominated the trade.

Praia da Ilha de Pessegueiro is a 10-minute drive from the center of Porto Covo. It is a vast beach, guarded, with blue flag. It is one of the most popular beaches in this area, attracting tourists, water sports practitioners and sport fishermen. Porto Covo has Praia Grande, one of the most sought after by locals and tourists.

Located near the north exit of Porto Covo, at the foot of the garden. With good access, spacious and sheltered by the cliff, it is one of the busiest during the summer. It also holds blue flag and is a much sought after by surfers. Other beaches in the region include Espingardeiro Beach, Pequena Beach, Buizinhos Beach and Porto Covo Bay, which are smaller but also quite sui generis.

Come live or enjoy the most sought after bathing region today, where you can join your moments of leisure with a good return on investment. Pedro Lopes Ferreira IAD Portugal SA AMI 11220 #ref: 76802
3 bedroom apartment in luxury tourist development, Pestana Porto Covo Village, located in the village of Porto Covo, in the best of the Alentejo coast. Apartment with 101 m2 built and a terrace of 66 m2, on the ground floor or on the first floor without elevator, allows access to the private pools of the Resort, the gym and other facilities that are offered.

The tourist development has 174 apartments, in private condominium, in a monetization regime contracted with the Resort, it also has 24-hour surveillance, a central nucleus with gardens and leisure spaces, Club House with reception and lounge. The upper floors have sea views. The project is finishing the licensing phase and will start construction soon.

It is characterized by in units consisting of two apartments in the R/ C and two apartments on the 1st floor with a penthouse, where all units will have the T2 + 1 typology with private pool. Porto Covo is a popular destination for domestic and foreign tourists, thanks to its magnificent beaches, its essentially fish and seafood restoration and the welcoming rural environment.

The resort is located 500 meters from Praia Grande, 16 km from Sines, 60 km from Grndola, 170 km from Lisbon Airport and 180 km from Faro Airport. The area of the Main Square of Porto Covo was rebuilt after the earthquake of 1755, according to the model and ideals of the Pombalina architecture. In the mid-18th century, it was a small village near a small bay.

The name Covo originates in fishing nets for catching lobsters. It is still characterized as a small fishing community, but it is tourism that is at the center of its growth. The rococo church, dedicated to Our Lady of Solitude (patron saint of fishermen), dates back to the 18th century. There are still some secular traditions such as the traditional festivals to Our Lady of Solitude, in late August, with its traditional bath 29 at 7 am, Pessegueiro Island is not inhabited but has known origin of use since the times when the Carthaginians dominated the trade.

Praia da Ilha de Pessegueiro is a 10-minute drive from the center of Porto Covo. It is a vast beach, guarded, with blue flag. It is one of the most popular beaches in this area, attracting tourists, water sports practitioners and sport fishermen. Porto Covo has Praia Grande, one of the most sought after by locals and tourists.

Located near the north exit of Porto Covo, at the foot of the garden. With good access, spacious and sheltered by the cliff, it is one of the busiest during the summer. It also holds blue flag and is a much sought after by surfers. Other beaches in the region include Espingardeiro Beach, Pequena Beach, Buizinhos Beach and Porto Covo Bay, which are smaller but also quite sui generis.

Come live or enjoy the most sought after bathing region today, where you can join your moments of leisure with a good return on investment. Pedro Lopes Ferreira IAD Portugal SA AMI 11220 #ref: 76802
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Property on Map

#76802

Currency Exchange

Sines, Setúbal, 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 €575,000 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
€575,000 £476,278 £494,184 £17,906
Property Price € €575,000
Minimum cost in the last six months £476,278
Maximum cost in the last six months £494,184
Fluctuating exchange rates over the last six months could have increased the cost of this property by £17,906

Sines, Setúbal, 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 €575,000 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
€575,000 £476,278 £494,184 £17,906
Property Price € €575,000
Minimum cost in the last six months £476,278
Maximum cost in the last six months £494,184
Fluctuating exchange rates over the last six months could have increased the cost of this property by £17,906

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 £17,906 more.

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