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Fantastic studio with large terrace, located in the Gramacho Golf resort
Lagoa (Algarve), Faro, Portugal
REF: 828910
€167,500
Description
Fantastic studio with large terrace, located in the Gramacho Golf resort. The apartment has a bedroom with built-in wardrobe and divided into a living room, a spacious balcony with open views and excellent sun exposure, a bathroom with bathtub and an equipped and furnished kitchen that gives access to a terrace with a very generous area. This development has a communal swimming pool and gardens overlooking the Monchique mountains, gym, sauna, Turkish bath, parking and 24-hour reception. The Resort has 2 golf courses, Gramacho and Vale da Pinta, two club houses with a restaurant and bar and to top it off we also have tennis courts and several communal swimming pools for the use of owners and guests. The apartment is sold furnished and equipped. #ref: 114052
Fantastic studio with large terrace, located in the Gramacho Golf resort. The apartment has a bedroom with built-in wardrobe and divided into a living room, a spacious balcony with open views and excellent sun exposure, a bathroom with bathtub and an equipped and furnished kitchen that gives access to a terrace with a very generous area. This development has a communal swimming pool and gardens overlooking the Monchique mountains, gym, sauna, Turkish bath, parking and 24-hour reception. The Resort has 2 golf courses, Gramacho and Vale da Pinta, two club houses with a restaurant and bar and to top it off we also have tennis courts and several communal swimming pools for the use of owners and guests. The apartment is sold furnished and equipped. #ref: 114052
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Currency Exchange
Lagoa (Algarve), 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 €167,500 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 |
|---|---|---|---|
| €167,500 | £138,742 | £143,958 | £5,216 |
| Property Price € | €167,500 |
| Minimum cost in the last six months | £138,742 |
| Maximum cost in the last six months | £143,958 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £5,216 |
Lagoa (Algarve), 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 €167,500 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 |
|---|---|---|---|
| €167,500 | £138,742 | £143,958 | £5,216 |
| Property Price € | €167,500 |
| Minimum cost in the last six months | £138,742 |
| Maximum cost in the last six months | £143,958 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £5,216 |
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 £5,216 more.
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