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1 bedroom apartment in the Monchique Resort Hotel & SPA
Monchique, Faro, Portugal, 8550-201
REF: 758209
€125,000
Description
1 bedroom apartment in the Monchique Resort Hotel & SPA.
This 1 bedroom apartment consists of a living room with kitchenette, 1 service bathroom with douche, 1 bedroom en suite with bathtub and a terrace.
With a gross private area of 60.95 m , this unit is intended for tourist accommodation that admits animals (inside the unit).
This apartment will be sold fully furnished and equipped.
With outdoor pools, gym, pilates classes, the owner can choose to hand over the property to the hotel's .. 1 bedroom apartment in the Monchique Resort Hotel & SPA.
This 1 bedroom apartment consists of a living room with kitchenette, 1 service bathroom with douche, 1 bedroom en suite with bathtub and a terrace.
With a gross private area of 60.95 m , this unit is intended for tourist accommodation that admits animals (inside the unit).
This apartment will be sold fully furnished and equipped.
With outdoor pools, gym, pilates classes, the owner can choose to hand over the property to the hotel's operation.
This apartment is part of a tourist resort with 195 apartments
It is under an operating contract, which may be made available through a confidentiality agreement, but which roughly establishes:
- rights and duties of owners;
- use of the fraction for about 1 month each year, being exempt from the payment of the periodic installment (condominium);
- Payment by the operator of a monthly fee of around 120
- the owner may decide not to be part of the operating contract and in this case he will be able to use the apartment (note that the development is closed in the months of November to February); In this case, you will be obliged to pay the condominium fee of around 4,900 / year.
- Direct lease by the owner is not possible.
Come visit before it's too late!
1 bedroom apartment in the Monchique Resort Hotel & SPA.
This 1 bedroom apartment consists of a living room with kitchenette, 1 service bathroom with douche, 1 bedroom en suite with bathtub and a terrace.
With a gross private area of 60.95 m , this unit is intended for tourist accommodation that admits animals (inside the unit).
This apartment will be sold fully furnished and equipped.
With outdoor pools, gym, pilates classes, the owner can choose to hand over the property to the hotel's .. 1 bedroom apartment in the Monchique Resort Hotel & SPA.
This 1 bedroom apartment consists of a living room with kitchenette, 1 service bathroom with douche, 1 bedroom en suite with bathtub and a terrace.
With a gross private area of 60.95 m , this unit is intended for tourist accommodation that admits animals (inside the unit).
This apartment will be sold fully furnished and equipped.
With outdoor pools, gym, pilates classes, the owner can choose to hand over the property to the hotel's operation.
This apartment is part of a tourist resort with 195 apartments
It is under an operating contract, which may be made available through a confidentiality agreement, but which roughly establishes:
- rights and duties of owners;
- use of the fraction for about 1 month each year, being exempt from the payment of the periodic installment (condominium);
- Payment by the operator of a monthly fee of around 120
- the owner may decide not to be part of the operating contract and in this case he will be able to use the apartment (note that the development is closed in the months of November to February); In this case, you will be obliged to pay the condominium fee of around 4,900 / year.
- Direct lease by the owner is not possible.
Come visit before it's too late!
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Property on Map
Currency Exchange
Monchique, Faro, Portugal, 8550-201
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 €125,000 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 |
|---|---|---|---|
| €125,000 | £103,539 | £107,431 | £3,893 |
| Property Price € | €125,000 |
| Minimum cost in the last six months | £103,539 |
| Maximum cost in the last six months | £107,431 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £3,893 |
Monchique, Faro, Portugal, 8550-201
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 €125,000 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 |
|---|---|---|---|
| €125,000 | £103,539 | £107,431 | £3,893 |
| Property Price € | €125,000 |
| Minimum cost in the last six months | £103,539 |
| Maximum cost in the last six months | £107,431 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £3,893 |
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 £3,893 more.
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