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In the heart of Faro, Algarve, is a new residential development comprising 3 independent villas, 2V2 and 1V1
Faro, Portugal
REF: 718886
€1,190,000
Description
In the heart of Faro, Algarve, is a new residential development comprising 3 independent villas, 2V2 and 1V1. This completely renovated property combines traditional Algarve with modern comfort and classic appeal. In the heart of the city, there is a patio shared by three villas that creates a breezy and charming ambiance. This project is in its final phases of construction, with a projected completion date of September 2023, and the property can be sold as a whole or individually. Outstanding opportunity for permanent residence or income generation. With an excellent location in the heart of Faro, with quick and easy access to all types of amenities and services, the property is approximately 12 minutes from both Faro Beach and Faro International Airport. CHARACTERISTICS:Area: 349 m2 | 3 757 sq ftBuilding Area: 349 m2 | 3 757 sq ftBedrooms: 5Energy efficiency: B-FEATURES:2V2 & 1V1 Equipped kitchens Private terraces Communal patio Double glazing Air conditioning Solar panels Internationally awarded, LUXIMOS Christie's presents more than 1,200 properties for sale in Portugal, offering an excellent service in real estate brokerage. LUXIMOS Christie's is the exclusive affiliate of Christie s International Real Estate (1350 offices in 46 countries) for the Algarve, Porto and North of Portugal, and provides its services to homeowners who are selling their properties, and to national and international buyers, who wish to buy real estate in Portugal. Our selection includes modern and contemporary properties, near the sea or by theriver, in Foz do Douro, in Porto, Boavista, Matosinhos, Vilamoura, Tavira, Ria Formosa, Lagos, Almancil, Vale do Lobo, Quinta do Lago, near the golf courses or the marina. LIc AMI 9063
In the heart of Faro, Algarve, is a new residential development comprising 3 independent villas, 2V2 and 1V1. This completely renovated property combines traditional Algarve with modern comfort and classic appeal. In the heart of the city, there is a patio shared by three villas that creates a breezy and charming ambiance. This project is in its final phases of construction, with a projected completion date of September 2023, and the property can be sold as a whole or individually. Outstanding opportunity for permanent residence or income generation. With an excellent location in the heart of Faro, with quick and easy access to all types of amenities and services, the property is approximately 12 minutes from both Faro Beach and Faro International Airport. CHARACTERISTICS:Area: 349 m2 | 3 757 sq ftBuilding Area: 349 m2 | 3 757 sq ftBedrooms: 5Energy efficiency: B-FEATURES:2V2 & 1V1 Equipped kitchens Private terraces Communal patio Double glazing Air conditioning Solar panels Internationally awarded, LUXIMOS Christie's presents more than 1,200 properties for sale in Portugal, offering an excellent service in real estate brokerage. LUXIMOS Christie's is the exclusive affiliate of Christie s International Real Estate (1350 offices in 46 countries) for the Algarve, Porto and North of Portugal, and provides its services to homeowners who are selling their properties, and to national and international buyers, who wish to buy real estate in Portugal. Our selection includes modern and contemporary properties, near the sea or by theriver, in Foz do Douro, in Porto, Boavista, Matosinhos, Vilamoura, Tavira, Ria Formosa, Lagos, Almancil, Vale do Lobo, Quinta do Lago, near the golf courses or the marina. LIc AMI 9063
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Currency Exchange
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 €1,190,000 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 |
|---|---|---|---|
| €1,190,000 | £985,689 | £1,022,746 | £37,057 |
| Property Price € | €1,190,000 |
| Minimum cost in the last six months | £985,689 |
| Maximum cost in the last six months | £1,022,746 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £37,057 |
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 €1,190,000 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 |
|---|---|---|---|
| €1,190,000 | £985,689 | £1,022,746 | £37,057 |
| Property Price € | €1,190,000 |
| Minimum cost in the last six months | £985,689 |
| Maximum cost in the last six months | £1,022,746 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £37,057 |
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 £37,057 more.
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