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1 Bedroom apartment with 88 sq m and a terrace of 60 sq m, inserted in a tourist resort located between the Villages of Carvoeiro and Ferragudo, in the Algarve
União das Freguesias de Lagoa e Carvoeiro, Faro, Portugal
REF: 716738
€470,000
Description
1 Bedroom apartment with 88 sq m and a terrace of 60 sq m, inserted in a tourist resort located between the Villages of Carvoeiro and Ferragudo, in the Algarve. This apartment of contemporary architecture is in the beginning of construction. The fully equipped open-plan kitchen and living room has access to the outdoor area and views of the resort. The master bedroom has a bathroom en suite and wardrobe, and there are also 2 divisions that can be converted into an office, TV room or bedroom and another full bathroom. All rooms have air conditioning. The outdoor leisure area is accessible through any of the rooms, through large windows that let through all the natural light. The apartments have communal swimming pools. The property can be used as a holiday home all year round or as an investment. It is a tourist resort of low density, developing in 33 hectares of traditional Algarve landscape that contemplate the surrounding landscape and the unobstructed view to the Monchique mountains. It is located 3 km from the beach, 2.5 km from the Pestana Gramacho Golf Resort, 6 km from Lagoa and 50 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! /n
1 Bedroom apartment with 88 sq m and a terrace of 60 sq m, inserted in a tourist resort located between the Villages of Carvoeiro and Ferragudo, in the Algarve. This apartment of contemporary architecture is in the beginning of construction. The fully equipped open-plan kitchen and living room has access to the outdoor area and views of the resort. The master bedroom has a bathroom en suite and wardrobe, and there are also 2 divisions that can be converted into an office, TV room or bedroom and another full bathroom. All rooms have air conditioning. The outdoor leisure area is accessible through any of the rooms, through large windows that let through all the natural light. The apartments have communal swimming pools. The property can be used as a holiday home all year round or as an investment. It is a tourist resort of low density, developing in 33 hectares of traditional Algarve landscape that contemplate the surrounding landscape and the unobstructed view to the Monchique mountains. It is located 3 km from the beach, 2.5 km from the Pestana Gramacho Golf Resort, 6 km from Lagoa and 50 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! /n
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Currency Exchange
União das Freguesias de Lagoa e Carvoeiro, 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 €470,000 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 |
|---|---|---|---|
| €470,000 | £387,233 | £403,942 | £16,709 |
| Property Price € | €470,000 |
| Minimum cost in the last six months | £387,233 |
| Maximum cost in the last six months | £403,942 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £16,709 |
União das Freguesias de Lagoa e Carvoeiro, 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 €470,000 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 |
|---|---|---|---|
| €470,000 | £387,233 | £403,942 | £16,709 |
| Property Price € | €470,000 |
| Minimum cost in the last six months | £387,233 |
| Maximum cost in the last six months | £403,942 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £16,709 |
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 £16,709 more.
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