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New development of 38 luxury apartments with stunning views over the Ria Formosa in Faro, Algarve
Faro, Portugal
REF: 807348
€588,300
Description
New development of 38 luxury apartments with stunning views over the Ria Formosa in Faro, Algarve. This development, consisting of 7 floors, including a commercial space on the ground floor, swimming pool, communal area and two general basements for parking and storage, offers a variety of apartment options, including T2, T3, T4 and Penthouses T4+1. Every detail has been carefully designed to ensure maximum comfort and quality of life. The homes are equipped with the latest equipment and technology, ensuring comfort and energy efficiency. The harmonious combination of nature and private green areas provides an exceptional level of the best environmental conditions. With a privileged location, close to the theater and the seafront promenade, as well as schools, supermarkets and the Fórum Algarve shopping center, this development offers convenience and accessibility, with easy access to the center of Faro and the marina. It is just 10 minutes from Faro International Airport. CHARACTERISTICS:Area: 200 m2 | 2 152 sq ftUseful area: 180 m2 | 1 937 sq ftBedrooms: 3Garage: 1Energy efficiency: AFEATURES:38 luxury apartments 7 floors Swimming pool Parking Comfort and quality of life 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
New development of 38 luxury apartments with stunning views over the Ria Formosa in Faro, Algarve. This development, consisting of 7 floors, including a commercial space on the ground floor, swimming pool, communal area and two general basements for parking and storage, offers a variety of apartment options, including T2, T3, T4 and Penthouses T4+1. Every detail has been carefully designed to ensure maximum comfort and quality of life. The homes are equipped with the latest equipment and technology, ensuring comfort and energy efficiency. The harmonious combination of nature and private green areas provides an exceptional level of the best environmental conditions. With a privileged location, close to the theater and the seafront promenade, as well as schools, supermarkets and the Fórum Algarve shopping center, this development offers convenience and accessibility, with easy access to the center of Faro and the marina. It is just 10 minutes from Faro International Airport. CHARACTERISTICS:Area: 200 m2 | 2 152 sq ftUseful area: 180 m2 | 1 937 sq ftBedrooms: 3Garage: 1Energy efficiency: AFEATURES:38 luxury apartments 7 floors Swimming pool Parking Comfort and quality of life 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
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 €588,300 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 |
|---|---|---|---|
| €588,300 | £487,295 | £505,614 | £18,320 |
| Property Price € | €588,300 |
| Minimum cost in the last six months | £487,295 |
| Maximum cost in the last six months | £505,614 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £18,320 |
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 €588,300 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 |
|---|---|---|---|
| €588,300 | £487,295 | £505,614 | £18,320 |
| Property Price € | €588,300 |
| Minimum cost in the last six months | £487,295 |
| Maximum cost in the last six months | £505,614 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £18,320 |
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 £18,320 more.
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