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3 bedroom apartment under construction, in the center of Faro
Faro, Faro, Portugal
REF: 636972
€581,000
Description
3 bedroom apartment under construction, in the center of Faro. This development is located in a prestigious and strategic area, located in the main arteries of the city, very close to the District Hospital of Faro, University of the Algarve, 3 minutes walk from Avenida 5 de Outubro, 5 minutes from downtown, 10 minutes by car from the airport and the beach. This apartment has a total area of 185m2, has unique features that make it a premium property, with stunning views over the sea / Ria Formosa. It consists of a floor on the 3rd floor, which is distributed over large areas in all divisions, entrance hall, laundry, fully equipped kitchen in Open Space with the dining and living room, which gives direct access to a spacious terrace, 3 bedrooms, two of them en suite with a private bathroom and another complete bathroom. It is designed with modern lines that incorporate current trends, with finishes and materials of the highest quality. There is a concern with the sustainability of the building itself, with functional methods, such as vegetation along the facade through balconies and continuous railings, in order to make not only the building more beautiful, but also the area where it is located more pleasant. The building consists of 6 habitable floors where 14 apartments with typologies T1, T2, T3 and T3 Duplex with swimming pool are available. All apartments have private parking spaces on the ground floor and basement. The T3 have two parking spaces and the T1/T2 only one space. An opportunity not to be missed to acquire an apartment in the beginning of the work, where you can customize it to your liking. It is the ideal home to live and enjoy the Algarve, in a growing city that is increasingly sought after. The expected date of completion of the development will be the end of 2024, beginning of 2025. #ref: 88029
3 bedroom apartment under construction, in the center of Faro. This development is located in a prestigious and strategic area, located in the main arteries of the city, very close to the District Hospital of Faro, University of the Algarve, 3 minutes walk from Avenida 5 de Outubro, 5 minutes from downtown, 10 minutes by car from the airport and the beach. This apartment has a total area of 185m2, has unique features that make it a premium property, with stunning views over the sea / Ria Formosa. It consists of a floor on the 3rd floor, which is distributed over large areas in all divisions, entrance hall, laundry, fully equipped kitchen in Open Space with the dining and living room, which gives direct access to a spacious terrace, 3 bedrooms, two of them en suite with a private bathroom and another complete bathroom. It is designed with modern lines that incorporate current trends, with finishes and materials of the highest quality. There is a concern with the sustainability of the building itself, with functional methods, such as vegetation along the facade through balconies and continuous railings, in order to make not only the building more beautiful, but also the area where it is located more pleasant. The building consists of 6 habitable floors where 14 apartments with typologies T1, T2, T3 and T3 Duplex with swimming pool are available. All apartments have private parking spaces on the ground floor and basement. The T3 have two parking spaces and the T1/T2 only one space. An opportunity not to be missed to acquire an apartment in the beginning of the work, where you can customize it to your liking. It is the ideal home to live and enjoy the Algarve, in a growing city that is increasingly sought after. The expected date of completion of the development will be the end of 2024, beginning of 2025. #ref: 88029
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Currency Exchange
Faro, 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 €581,000 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 |
|---|---|---|---|
| €581,000 | £481,248 | £499,340 | £18,092 |
| Property Price € | €581,000 |
| Minimum cost in the last six months | £481,248 |
| Maximum cost in the last six months | £499,340 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £18,092 |
Faro, 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 €581,000 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 |
|---|---|---|---|
| €581,000 | £481,248 | £499,340 | £18,092 |
| Property Price € | €581,000 |
| Minimum cost in the last six months | £481,248 |
| Maximum cost in the last six months | £499,340 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £18,092 |
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 £18,092 more.
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