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T1 + 2 | Carvoeiro Nature Resort - QuarterShare D
Lagoa, Faro, Portugal, 8400-058
REF: 823204
€135,000
Description
Co-ownership of Apartment for Period 'D' Co-ownership of an Apartment in Sesmarias de Carvoeiro, 1.5 kilometers from Ferragudo beaches!
This fantastic apartment with contemporary architecture is located on the ground floor of a building with only four apartments. It consists of a living room with an elegantly equipped open-plan kitchen and access to one of the terraces. The bedroom has a built-in wardrobe, an en-suite bathroom, and access to the terrace and garden. The two remaining rooms can be converted into a living room, bedroom, or office and are supported by an additional full bathroom with a shower. This property is surrounded by a garden for exclusive use and is equipped with air conditioning. The common leisure areas include gardens and a swimming pool. Sold furnished.
With an investment of 135,000, you can become a co-owner of a full property, which will be yours to use annually in a rotation system. You will co-own a modern apartment with three other independent owners, with each 1/4 of the property being individually deeded. This arrangement allows for a reduction in costs related to taxes and maintenance, which will be divided equally among the four owners, each of whom can use the property for 13 weeks per year!
Co-ownership of Apartment for Period 'D' Co-ownership of an Apartment in Sesmarias de Carvoeiro, 1.5 kilometers from Ferragudo beaches!
This fantastic apartment with contemporary architecture is located on the ground floor of a building with only four apartments. It consists of a living room with an elegantly equipped open-plan kitchen and access to one of the terraces. The bedroom has a built-in wardrobe, an en-suite bathroom, and access to the terrace and garden. The two remaining rooms can be converted into a living room, bedroom, or office and are supported by an additional full bathroom with a shower. This property is surrounded by a garden for exclusive use and is equipped with air conditioning. The common leisure areas include gardens and a swimming pool. Sold furnished.
With an investment of 135,000, you can become a co-owner of a full property, which will be yours to use annually in a rotation system. You will co-own a modern apartment with three other independent owners, with each 1/4 of the property being individually deeded. This arrangement allows for a reduction in costs related to taxes and maintenance, which will be divided equally among the four owners, each of whom can use the property for 13 weeks per year!
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Currency Exchange
Lagoa, Faro, Portugal, 8400-058
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 €135,000 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 |
|---|---|---|---|
| €135,000 | £113,308 | £116,446 | £3,137 |
| Property Price € | €135,000 |
| Minimum cost in the last six months | £113,308 |
| Maximum cost in the last six months | £116,446 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £3,137 |
Lagoa, Faro, Portugal, 8400-058
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 €135,000 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 |
|---|---|---|---|
| €135,000 | £113,308 | £116,446 | £3,137 |
| Property Price € | €135,000 |
| Minimum cost in the last six months | £113,308 |
| Maximum cost in the last six months | £116,446 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £3,137 |
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 £3,137 more.
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