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Building with 6 apartments T1| Praia da Luz | Lagos | 200 meters from the beach | Sea view
Lagos, Faro, Portugal, 8601-927
REF: 823191
€3,150,000
Description
Enjoy a new development located in Praia da Luz, in the municipality of Lagos, in a closed condominium, this building consists of 6 apartments, with a communal swimming pool and garden, closed garage in the basement of the building and a parking space assigned to each fraction, is just 200 meters from the beach. Single sale of the building, sale of the fractions separately is not permitted. Main features: Gated community with communal pool and garden: Enjoy privacy and tranquillity in a safe environment. Private terraces with Jacuzzi: The two apartments on the 2nd floor offer additional luxury with access to the private terrace, where each unit has its own exclusive Jacuzzi. Sea views: All apartments offer incredible panoramic sea views. Ready to move into or rent out: the apartments are sold fully furnished and equipped, ready to move into or rent out immediately. Private Parking: Each apartment includes a parking space in the garage, offering practicality and security. Remember that when evaluating a real estate development under construction, it is important to consider not only the physical characteristics, but also factors such as the builder's track record, the construction schedule and, of course, the price. It is always advisable to do detailed research and, if possible, visit the site before making a purchasing decision. This is an opportunity to invest in a property where you are guaranteed an above-average return, located in one of the most desirable geographical areas of the western Algarve. Completion scheduled for December 2024
Enjoy a new development located in Praia da Luz, in the municipality of Lagos, in a closed condominium, this building consists of 6 apartments, with a communal swimming pool and garden, closed garage in the basement of the building and a parking space assigned to each fraction, is just 200 meters from the beach. Single sale of the building, sale of the fractions separately is not permitted. Main features: Gated community with communal pool and garden: Enjoy privacy and tranquillity in a safe environment. Private terraces with Jacuzzi: The two apartments on the 2nd floor offer additional luxury with access to the private terrace, where each unit has its own exclusive Jacuzzi. Sea views: All apartments offer incredible panoramic sea views. Ready to move into or rent out: the apartments are sold fully furnished and equipped, ready to move into or rent out immediately. Private Parking: Each apartment includes a parking space in the garage, offering practicality and security. Remember that when evaluating a real estate development under construction, it is important to consider not only the physical characteristics, but also factors such as the builder's track record, the construction schedule and, of course, the price. It is always advisable to do detailed research and, if possible, visit the site before making a purchasing decision. This is an opportunity to invest in a property where you are guaranteed an above-average return, located in one of the most desirable geographical areas of the western Algarve. Completion scheduled for December 2024
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Currency Exchange
Lagos, Faro, Portugal, 8601-927
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 €3,150,000 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 |
|---|---|---|---|
| €3,150,000 | £2,609,177 | £2,707,268 | £98,091 |
| Property Price € | €3,150,000 |
| Minimum cost in the last six months | £2,609,177 |
| Maximum cost in the last six months | £2,707,268 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £98,091 |
Lagos, Faro, Portugal, 8601-927
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 €3,150,000 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 |
|---|---|---|---|
| €3,150,000 | £2,609,177 | £2,707,268 | £98,091 |
| Property Price € | €3,150,000 |
| Minimum cost in the last six months | £2,609,177 |
| Maximum cost in the last six months | £2,707,268 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £98,091 |
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 £98,091 more.
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