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New apartment, built in 2023, situated in a quiet residential area yet close to all amenities, just a few minutes from the sea front and Ria Formosa
Tavira, Faro, Portugal
REF: 839124
€499,000
Description
New apartment, built in 2023, situated in a quiet residential area yet close to all amenities, just a few minutes from the sea front and Ria Formosa. This apartment also offers a 44m2 garage box with electrical gate in the basement and a 125m2 communal terrace with its 37m2 swimming pool. With a total gross private area of 124m2, the flat, located on the 1st floor of the building, consists of 3 bedrooms and 3 bathrooms (2 en suite), the living room and kitchen are presented in a semi-open space with direct access to the 24m2 balcony. The kitchen is fully equipped (hob, extractor fan, fridge, oven, microwave, dishwasher and washing machine), air conditioning in all bedrooms and living room, aluminium windows with thermal cut, double glazing and electric shutters. Wardrobes in all the bedrooms, at the entrance and in the living room for extra storage. Solar panel for hot water. Video intercom, code entry to main door and access to pool. Lift from the garage to the communal leisure terrace. #ref: 120546
New apartment, built in 2023, situated in a quiet residential area yet close to all amenities, just a few minutes from the sea front and Ria Formosa. This apartment also offers a 44m2 garage box with electrical gate in the basement and a 125m2 communal terrace with its 37m2 swimming pool. With a total gross private area of 124m2, the flat, located on the 1st floor of the building, consists of 3 bedrooms and 3 bathrooms (2 en suite), the living room and kitchen are presented in a semi-open space with direct access to the 24m2 balcony. The kitchen is fully equipped (hob, extractor fan, fridge, oven, microwave, dishwasher and washing machine), air conditioning in all bedrooms and living room, aluminium windows with thermal cut, double glazing and electric shutters. Wardrobes in all the bedrooms, at the entrance and in the living room for extra storage. Solar panel for hot water. Video intercom, code entry to main door and access to pool. Lift from the garage to the communal leisure terrace. #ref: 120546
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Currency Exchange
Tavira, 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 €499,000 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 |
|---|---|---|---|
| €499,000 | £413,327 | £429,070 | £15,743 |
| Property Price € | €499,000 |
| Minimum cost in the last six months | £413,327 |
| Maximum cost in the last six months | £429,070 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £15,743 |
Tavira, 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 €499,000 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 |
|---|---|---|---|
| €499,000 | £413,327 | £429,070 | £15,743 |
| Property Price € | €499,000 |
| Minimum cost in the last six months | £413,327 |
| Maximum cost in the last six months | £429,070 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £15,743 |
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 £15,743 more.
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