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3 Bedroom apartment with 116 sq m, balcony of 44 sq m, inserted in a new gated community composed of 56 apartments, located in a quiet and residential area of Albufeira
Albufeira e Olhos de Água, Faro, Portugal
REF: 621391
€552,000
Description
3 Bedroom apartment with 116 sq m, balcony of 44 sq m, inserted in a new gated community composed of 56 apartments, located in a quiet and residential area of Albufeira. An exclusive condominium, of contemporary architecture, with garden with walking routes, various plantations including citrus trees typical of the Algarve and aromatic plants, heated pool for adults and swimming pool for children, solarium, equipped gym, and parking garage in the basement that include outlets for charging electric vehicles. The development stands out for its premium quality of construction, finishes, equipment and also the private terraces spaces with barbecue. Excellent opportunity for permanent residence, vacation or investment. It is just 100 metres from The Lusíadas Hospital, 5 minutes from the center of Albufeira, 10 minutes from the beach and 40 minutes from Faro International Airport. Castelhana is a Portuguese real estate agency present in the domestic market for over 20 years, specialized in prime residential real estate and recognized for the launch of some of the most distinguished developments in Portugal. Founded in 1999, Castelhana provides a full service in business brokerage. We are specialists in investment and in the commercialization of real estate. In the Algarve next to the renowned Vilamoura Marina. In Lisbon, in Chiado, one of the most emblematic and traditional areas of the capital, and in Porto, we are based in Foz Do Douro, one of the noblest places in the city. We are waiting for you. We have a team available to give you the best support in your next real estate investment. Contact us!
3 Bedroom apartment with 116 sq m, balcony of 44 sq m, inserted in a new gated community composed of 56 apartments, located in a quiet and residential area of Albufeira. An exclusive condominium, of contemporary architecture, with garden with walking routes, various plantations including citrus trees typical of the Algarve and aromatic plants, heated pool for adults and swimming pool for children, solarium, equipped gym, and parking garage in the basement that include outlets for charging electric vehicles. The development stands out for its premium quality of construction, finishes, equipment and also the private terraces spaces with barbecue. Excellent opportunity for permanent residence, vacation or investment. It is just 100 metres from The Lusíadas Hospital, 5 minutes from the center of Albufeira, 10 minutes from the beach and 40 minutes from Faro International Airport. Castelhana is a Portuguese real estate agency present in the domestic market for over 20 years, specialized in prime residential real estate and recognized for the launch of some of the most distinguished developments in Portugal. Founded in 1999, Castelhana provides a full service in business brokerage. We are specialists in investment and in the commercialization of real estate. In the Algarve next to the renowned Vilamoura Marina. In Lisbon, in Chiado, one of the most emblematic and traditional areas of the capital, and in Porto, we are based in Foz Do Douro, one of the noblest places in the city. We are waiting for you. We have a team available to give you the best support in your next real estate investment. Contact us!
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Currency Exchange
Albufeira e Olhos de Água, 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 €552,000 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 |
|---|---|---|---|
| €552,000 | £454,793 | £474,416 | £19,624 |
| Property Price € | €552,000 |
| Minimum cost in the last six months | £454,793 |
| Maximum cost in the last six months | £474,416 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £19,624 |
Albufeira e Olhos de Água, 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 €552,000 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 |
|---|---|---|---|
| €552,000 | £454,793 | £474,416 | £19,624 |
| Property Price € | €552,000 |
| Minimum cost in the last six months | £454,793 |
| Maximum cost in the last six months | £474,416 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £19,624 |
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 £19,624 more.
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