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Apartment T1 Sell in Porches,Lagoa (Algarve)
Lagoa (Algarve), Portugal
REF: 750506
€420,000
Description
Live By The Sea! Located in the calm and peaceful village of Porches in the Algarve rests this new touristic development, only a short walking distance from the beach.Each of the one bedroom units are located on the ground floor of each block, with one bedroom with fitted wardrobes, bathroom with double vanities and shower, living room, dining room and kitchen. Each unit also has three individual private terraces.This development is completely car-free and offers several facilities such as ample green areas, outdoor and indoor pool, SPA, gym, games court with paddle and tennis, garage parking, concierge services, restaurant and bar. Composed of a total of 55 apartments with each their independent access. The units vary from one bedroom, two bedroom, two bedroom + terrace and 3 bedroom independent villas.For those looking for a profitable investment, you are looking at a guaranteed profitability of 4% per year over the first 5 years.Contact-us for further information in regards to the complex and the possibilities.Situated in the central Algarve, the region of Lagoa is renowned for its coastline and boasts some of the best beaches in the country. The town of Lagoa is fairly small and traditional, and relatively non-touristy. Towards the coast you can find the charming villages and seaside resorts of Carvoeiro and Ferragudo, two of the most popular tourist destinations in the south of Portugal. The region of Lagoa also has some wonderful stretches of countryside, including a number of vineyards, and is one of four demarcated wine regions in the Algarve.
Live By The Sea! Located in the calm and peaceful village of Porches in the Algarve rests this new touristic development, only a short walking distance from the beach.Each of the one bedroom units are located on the ground floor of each block, with one bedroom with fitted wardrobes, bathroom with double vanities and shower, living room, dining room and kitchen. Each unit also has three individual private terraces.This development is completely car-free and offers several facilities such as ample green areas, outdoor and indoor pool, SPA, gym, games court with paddle and tennis, garage parking, concierge services, restaurant and bar. Composed of a total of 55 apartments with each their independent access. The units vary from one bedroom, two bedroom, two bedroom + terrace and 3 bedroom independent villas.For those looking for a profitable investment, you are looking at a guaranteed profitability of 4% per year over the first 5 years.Contact-us for further information in regards to the complex and the possibilities.Situated in the central Algarve, the region of Lagoa is renowned for its coastline and boasts some of the best beaches in the country. The town of Lagoa is fairly small and traditional, and relatively non-touristy. Towards the coast you can find the charming villages and seaside resorts of Carvoeiro and Ferragudo, two of the most popular tourist destinations in the south of Portugal. The region of Lagoa also has some wonderful stretches of countryside, including a number of vineyards, and is one of four demarcated wine regions in the Algarve.
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Currency Exchange
Lagoa (Algarve), 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 €420,000 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 |
|---|---|---|---|
| €420,000 | £346,038 | £360,969 | £14,931 |
| Property Price € | €420,000 |
| Minimum cost in the last six months | £346,038 |
| Maximum cost in the last six months | £360,969 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £14,931 |
Lagoa (Algarve), 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 €420,000 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 |
|---|---|---|---|
| €420,000 | £346,038 | £360,969 | £14,931 |
| Property Price € | €420,000 |
| Minimum cost in the last six months | £346,038 |
| Maximum cost in the last six months | £360,969 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £14,931 |
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 £14,931 more.
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