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2 bed apartment at Porto de Mós
Lagos, Faro, Portugal, 8600-513
REF: 829155
€535,000
Description
Well located two bedroom apartment overlooking the pool and ocean at Porto de Mós. This very well located, southwest facing two bedroom apartment has lovely views from the balcony to the pool and gardens ocean. The living area is open plan leading to a large balcony. The kitchen is fully equipped with all appliances. The apartment has underfloor heating, air conditioning, electric shutters, WiFi and includes parking underground.
The property is part of Belmar Spa & Beach Resort which offers many facilities including restaurant, bars, four outdoor pools, indoor heated pool, spa and gymnasium.
It is perfect for permanent residence or as an investment property as it is fully managed by the expert team at Belmar Spa & Beach Resort.
Well located two bedroom apartment overlooking the pool and ocean at Porto de Mós. This very well located, southwest facing two bedroom apartment has lovely views from the balcony to the pool and gardens ocean. The living area is open plan leading to a large balcony. The kitchen is fully equipped with all appliances. The apartment has underfloor heating, air conditioning, electric shutters, WiFi and includes parking underground.
The property is part of Belmar Spa & Beach Resort which offers many facilities including restaurant, bars, four outdoor pools, indoor heated pool, spa and gymnasium.
It is perfect for permanent residence or as an investment property as it is fully managed by the expert team at Belmar Spa & Beach Resort.
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Currency Exchange
Lagos, Faro, Portugal, 8600-513
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 €535,000 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 |
|---|---|---|---|
| €535,000 | £443,146 | £459,806 | £16,660 |
| Property Price € | €535,000 |
| Minimum cost in the last six months | £443,146 |
| Maximum cost in the last six months | £459,806 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £16,660 |
Lagos, Faro, Portugal, 8600-513
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 €535,000 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 |
|---|---|---|---|
| €535,000 | £443,146 | £459,806 | £16,660 |
| Property Price € | €535,000 |
| Minimum cost in the last six months | £443,146 |
| Maximum cost in the last six months | £459,806 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £16,660 |
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 £16,660 more.
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