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Located in the heart of the city of Portimão, with all services and amenities found within a walking distance, and the beach less than 3 km away, there is a new private condominium called Cerca do Colégio
Portimão, Portugal
REF: 805164
€580,000
Description
Located in the heart of the city of Portimão, with all services and amenities found within a walking distance, and the beach less than 3 km away, there is a new private condominium called Cerca do Colégio. With a modern design to meet both comfort and functional needs, the development comprises 4 buildings with 10 floors, and features 2, 3, and 4-bedroom apartments. In each building there are 2 elevators. All apartments have with fully equipped kitchen in open plan style with a living room, air conditioning throughout, and spacious balcony with a barbecue. Each apartment also includes parking spaces in the closed private garage. The condominium further offers a rooftop with views over the city. Built to a high standard, with solar panels for water heating, water tank from 150 liters (depending on the type of apartment) and high-quality insulation, can guarantee an efficient and economically beneficial energy certification. With a perfect location for families, or as an investment property, it is only 50 minutes away from Faro International Airport with good access to highway A22 and national road EN125. CHARACTERISTICS:Area: 280 m2 | 3 012 sq ftUseful area: 174 m2 | 1 876 sq ftBedrooms: 4Bathrooms: 5Garage: 2Energy efficiency: AFEATURES:4 Bedrooms Fully equipped kitchen Rooftop Balcony Garage Air conditioner Electric shutters Solar panels for water heating Gated community 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
Located in the heart of the city of Portimão, with all services and amenities found within a walking distance, and the beach less than 3 km away, there is a new private condominium called Cerca do Colégio. With a modern design to meet both comfort and functional needs, the development comprises 4 buildings with 10 floors, and features 2, 3, and 4-bedroom apartments. In each building there are 2 elevators. All apartments have with fully equipped kitchen in open plan style with a living room, air conditioning throughout, and spacious balcony with a barbecue. Each apartment also includes parking spaces in the closed private garage. The condominium further offers a rooftop with views over the city. Built to a high standard, with solar panels for water heating, water tank from 150 liters (depending on the type of apartment) and high-quality insulation, can guarantee an efficient and economically beneficial energy certification. With a perfect location for families, or as an investment property, it is only 50 minutes away from Faro International Airport with good access to highway A22 and national road EN125. CHARACTERISTICS:Area: 280 m2 | 3 012 sq ftUseful area: 174 m2 | 1 876 sq ftBedrooms: 4Bathrooms: 5Garage: 2Energy efficiency: AFEATURES:4 Bedrooms Fully equipped kitchen Rooftop Balcony Garage Air conditioner Electric shutters Solar panels for water heating Gated community 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
Portimão, 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 €580,000 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 |
|---|---|---|---|
| €580,000 | £480,420 | £498,481 | £18,061 |
| Property Price € | €580,000 |
| Minimum cost in the last six months | £480,420 |
| Maximum cost in the last six months | £498,481 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £18,061 |
Portimão, 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 €580,000 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 |
|---|---|---|---|
| €580,000 | £480,420 | £498,481 | £18,061 |
| Property Price € | €580,000 |
| Minimum cost in the last six months | £480,420 |
| Maximum cost in the last six months | £498,481 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £18,061 |
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 £18,061 more.
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