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Areias de Monte Gordo development Fantastic one-bedroom flat located on the 3rd floor of a building under construction just a few metres from Monte Gordo beach
Vila Real de Santo António, Faro, Portugal
REF: 782452
€250,000
Description
Areias de Monte Gordo development Fantastic one-bedroom flat located on the 3rd floor of a building under construction just a few metres from Monte Gordo beach. The entrance hall leads to the open-plan living room in perfect harmony with the kitchen, which will be fully furnished and equipped with a ceramic hob, oven, extractor fan, fridge, washing machine and dishwasher. What's more, both the living room and the kitchen have access to a balcony, perfect for relaxing and enjoying the good weather in the Eastern Algarve. The flat has pre-installed air conditioning, electric shutters, aluminium frames with thermal cut-outs and a solar panel for water heating. The bathroom is on the ground floor and is equipped with a toilet, bidet and suspended washbasin. The bedroom is located on the top floor of this property, accessed by stairs, and will have a storage area and access to a balcony. As you can see, this magnificent flat will have excellent construction and finishes, which will certainly favour the comfort you need to make it your dream home. The building also has garage parking spaces available for sale from €45,000 with areas between 15 and 25m2. The paradisiacal bay of Monte Gordo is known for its good climate, warm waters and also for its range of restaurants where the Algarve's gastronomy reigns supreme. This is the perfect opportunity to buy that beachfront flat you've always wanted, with great potential for profitability due to its location. Contact us, because at IAD there's a lot we can do for you! #ref: 109901
Areias de Monte Gordo development Fantastic one-bedroom flat located on the 3rd floor of a building under construction just a few metres from Monte Gordo beach. The entrance hall leads to the open-plan living room in perfect harmony with the kitchen, which will be fully furnished and equipped with a ceramic hob, oven, extractor fan, fridge, washing machine and dishwasher. What's more, both the living room and the kitchen have access to a balcony, perfect for relaxing and enjoying the good weather in the Eastern Algarve. The flat has pre-installed air conditioning, electric shutters, aluminium frames with thermal cut-outs and a solar panel for water heating. The bathroom is on the ground floor and is equipped with a toilet, bidet and suspended washbasin. The bedroom is located on the top floor of this property, accessed by stairs, and will have a storage area and access to a balcony. As you can see, this magnificent flat will have excellent construction and finishes, which will certainly favour the comfort you need to make it your dream home. The building also has garage parking spaces available for sale from €45,000 with areas between 15 and 25m2. The paradisiacal bay of Monte Gordo is known for its good climate, warm waters and also for its range of restaurants where the Algarve's gastronomy reigns supreme. This is the perfect opportunity to buy that beachfront flat you've always wanted, with great potential for profitability due to its location. Contact us, because at IAD there's a lot we can do for you! #ref: 109901
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Currency Exchange
Vila Real de Santo António, 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 €250,000 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 |
|---|---|---|---|
| €250,000 | £205,975 | £214,863 | £8,888 |
| Property Price € | €250,000 |
| Minimum cost in the last six months | £205,975 |
| Maximum cost in the last six months | £214,863 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £8,888 |
Vila Real de Santo António, 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 €250,000 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 |
|---|---|---|---|
| €250,000 | £205,975 | £214,863 | £8,888 |
| Property Price € | €250,000 |
| Minimum cost in the last six months | £205,975 |
| Maximum cost in the last six months | £214,863 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £8,888 |
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 £8,888 more.
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