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1+2 Bedroom apartment on the first floor with access to several balconies, situated between the villages of Carvoeiro and Ferragudo
Ferragudo, Faro, Portugal
REF: 651488
€395,000
Description
1+2 Bedroom apartment on the first floor with access to several balconies, situated between the villages of Carvoeiro and Ferragudo. This fantastic apartment of contemporary architecture is in the beginning of construction. The elegantly equipped open-plan kitchen and living room have access to the pleasant balcony and resort views. In the master bedroom we have en suite bathroom and wardrobe, 2 rooms that can be converted into office, TV room or bedroom supported full bathroom. The outdoor leisure area is accessible through any of the rooms of this comfortable apartment through large windows that let through all the natural light. The apartments have communal swimming pools available. The property can be used as a holiday home all year round or as an investment. Situated between the villages of Carvoeiro and Ferragudo, developing in 33 hectares of traditionally Algarve landscape. We speak of 45 townhouses with private pool and 32 apartments of contemporary architecture of typology T1 +2 that contemplate the surrounding landscape and the unobstructed view to the Monchique mountain range.
1+2 Bedroom apartment on the first floor with access to several balconies, situated between the villages of Carvoeiro and Ferragudo. This fantastic apartment of contemporary architecture is in the beginning of construction. The elegantly equipped open-plan kitchen and living room have access to the pleasant balcony and resort views. In the master bedroom we have en suite bathroom and wardrobe, 2 rooms that can be converted into office, TV room or bedroom supported full bathroom. The outdoor leisure area is accessible through any of the rooms of this comfortable apartment through large windows that let through all the natural light. The apartments have communal swimming pools available. The property can be used as a holiday home all year round or as an investment. Situated between the villages of Carvoeiro and Ferragudo, developing in 33 hectares of traditionally Algarve landscape. We speak of 45 townhouses with private pool and 32 apartments of contemporary architecture of typology T1 +2 that contemplate the surrounding landscape and the unobstructed view to the Monchique mountain range.
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Currency Exchange
Ferragudo, 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 €395,000 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 |
|---|---|---|---|
| €395,000 | £325,441 | £339,483 | £14,042 |
| Property Price € | €395,000 |
| Minimum cost in the last six months | £325,441 |
| Maximum cost in the last six months | £339,483 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £14,042 |
Ferragudo, 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 €395,000 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 |
|---|---|---|---|
| €395,000 | £325,441 | £339,483 | £14,042 |
| Property Price € | €395,000 |
| Minimum cost in the last six months | £325,441 |
| Maximum cost in the last six months | £339,483 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £14,042 |
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 £14,042 more.
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