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Individual, luxury T2+1 apartment at Palmares Golf
Lagos, Faro, Portugal, 8600-258 Lagos
REF: 759178
€1,425,000
Description
Uniquely designed apartment with stunning ocean and golf view in the luxury, full-service Palmares Resort. Within walking distance to the beach and short drive to Lagos. The Palmares Golf and Coastal Club resort offers the most amazing golfing facilities within a friendly, international community of owners, members and visitors.
Finished to an exemplary standard and sold fully furnished and equipped, this impressive, duplex apartment has a private ensuite with large terrace and superb estuary vista on the upper floor. The lower floor has an open-plan living space and two bedrooms and bathrooms, one of which is ensuite. Internally, the calming, five-star finishing and contemporary decor maximises natural light with floor to ceiling glass opening to spacious, outdoor terraces which highlight the spectacular views from its elevated position, across landscaped gardens and manicured fairways to the ocean.
Buyers will be able to opt into a flexible rental package if required, offering a beneficial return on investment. Alternatively, these apartments can be maintained by the on-site team, providing a safe and secure second home. Each owner and their guests will have priority access to in-resort facilities including a full spa, several swimming pools, gymnasium and discounted lifetime membership to the golf club. Room service, laundry and housekeeping services will also be available for each apartment.
With two garage places and a private storage unit.
Uniquely designed apartment with stunning ocean and golf view in the luxury, full-service Palmares Resort. Within walking distance to the beach and short drive to Lagos. The Palmares Golf and Coastal Club resort offers the most amazing golfing facilities within a friendly, international community of owners, members and visitors.
Finished to an exemplary standard and sold fully furnished and equipped, this impressive, duplex apartment has a private ensuite with large terrace and superb estuary vista on the upper floor. The lower floor has an open-plan living space and two bedrooms and bathrooms, one of which is ensuite. Internally, the calming, five-star finishing and contemporary decor maximises natural light with floor to ceiling glass opening to spacious, outdoor terraces which highlight the spectacular views from its elevated position, across landscaped gardens and manicured fairways to the ocean.
Buyers will be able to opt into a flexible rental package if required, offering a beneficial return on investment. Alternatively, these apartments can be maintained by the on-site team, providing a safe and secure second home. Each owner and their guests will have priority access to in-resort facilities including a full spa, several swimming pools, gymnasium and discounted lifetime membership to the golf club. Room service, laundry and housekeeping services will also be available for each apartment.
With two garage places and a private storage unit.
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Currency Exchange
Lagos, Faro, Portugal, 8600-258 Lagos
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 €1,425,000 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 |
|---|---|---|---|
| €1,425,000 | £1,180,342 | £1,224,716 | £44,375 |
| Property Price € | €1,425,000 |
| Minimum cost in the last six months | £1,180,342 |
| Maximum cost in the last six months | £1,224,716 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £44,375 |
Lagos, Faro, Portugal, 8600-258 Lagos
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 €1,425,000 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 |
|---|---|---|---|
| €1,425,000 | £1,180,342 | £1,224,716 | £44,375 |
| Property Price € | €1,425,000 |
| Minimum cost in the last six months | £1,180,342 |
| Maximum cost in the last six months | £1,224,716 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £44,375 |
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 £44,375 more.
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