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Are you looking for an apartment with a privileged location? With 56m2, a private balcony, this T0 has an approved project for transformation into a T1
Lagos, Faro, Portugal
REF: 811354
€215,000
Description
Are you looking for an apartment with a privileged location? With 56m2, a private balcony, this T0 has an approved project for transformation into a T1. Its location just a few steps from the beach is surrounded by a variety of shops, supermarkets, banks and much more, making life more convenient. The large separate kitchen is fully equipped with a microwave, washing machine, refrigerator, induction hob... A spacious bathroom with a bathtub. The sleeping area with built-in closet has lots of light and double ventilation. The apartment has air conditioning. This ground floor apartment is located in a small private residence with an outdoor pool and magnificent views on the cliffs of Luz. We can also count on an exclusive parking space for your convenience and safety. Property fully renovated in 2023 and ready to live in, with all furniture included. Condominium 350 euros per year. Come and experience the Algarve to its fullest. Book your visit! IAD is an international group operating in France, Portugal, Spain, Italy, Germany, UK, Mexico and USA. Tell us more about your project, we offer a wide range of services to accompany you. #ref: 115958
Are you looking for an apartment with a privileged location? With 56m2, a private balcony, this T0 has an approved project for transformation into a T1. Its location just a few steps from the beach is surrounded by a variety of shops, supermarkets, banks and much more, making life more convenient. The large separate kitchen is fully equipped with a microwave, washing machine, refrigerator, induction hob... A spacious bathroom with a bathtub. The sleeping area with built-in closet has lots of light and double ventilation. The apartment has air conditioning. This ground floor apartment is located in a small private residence with an outdoor pool and magnificent views on the cliffs of Luz. We can also count on an exclusive parking space for your convenience and safety. Property fully renovated in 2023 and ready to live in, with all furniture included. Condominium 350 euros per year. Come and experience the Algarve to its fullest. Book your visit! IAD is an international group operating in France, Portugal, Spain, Italy, Germany, UK, Mexico and USA. Tell us more about your project, we offer a wide range of services to accompany you. #ref: 115958
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Currency Exchange
Lagos, 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 €215,000 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 |
|---|---|---|---|
| €215,000 | £180,407 | £185,450 | £5,044 |
| Property Price € | €215,000 |
| Minimum cost in the last six months | £180,407 |
| Maximum cost in the last six months | £185,450 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £5,044 |
Lagos, 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 €215,000 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 |
|---|---|---|---|
| €215,000 | £180,407 | £185,450 | £5,044 |
| Property Price € | €215,000 |
| Minimum cost in the last six months | £180,407 |
| Maximum cost in the last six months | £185,450 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £5,044 |
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 £5,044 more.
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