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1 bedroom apartment located in the Hotel Paraiso Albufeira 4*
Albufeira, Faro, Portugal, 8200-161
REF: 840249
€139,000
Description
1 bedroom apartment inserted in the ''Hotel Paraíso'', a 4-star tourist development.
The Hotel Apartamento Paraíso de Albufeira is an excellent 4-star tourist resort located in the prime area of the city of Albufeira.
It stands out for its size, its modern architecture, its unique design, sound colors and exotic woods.
It consists of 396 apartments of typologies T0, T1, T2 and T2 Duplex spread over 8 floors.
It has reception, games room, bar, pool bar, restaurants, pool snack bar, meeting room, outdoor pool, heated indoor pool, jacuzzi, 2 tennis courts, football, basketball and volleyball court, mini golf, convenience store, hairdresser, wine cellar and outdoor car park.
Located on the 2nd Floor with North orientation.
The apartment consists of entrance hall, 1 bedroom with generous areas and built-in wardrobe, living room, kitchenette equipped with ceramic hob, oven, extractor fan, smoke extractor and fridge, bathroom and balcony.
In terms of equipment, air conditioning, satellite TV, piped music, telephone, safe and fire detector stand out.
As the Hotel Paraíso de Albufeira is a tourist development and whose apartments are intended for tourist accommodation, they must be operated by the company that manages the Hotel. If the apartment is out of operation, you can only use it for your own use, you cannot rent it and you have to pay a fee called periodic instalment, which has a monthly value of 130.
Condominium fee: 648 per year.
Don't miss this opportunity and contact us for a visit.
Our company assists in all sectors such as how to obtain the best exchange rates, account opening and documentation related to bank loans, carrying out improvement works, etc.
1 bedroom apartment inserted in the ''Hotel Paraíso'', a 4-star tourist development.
The Hotel Apartamento Paraíso de Albufeira is an excellent 4-star tourist resort located in the prime area of the city of Albufeira.
It stands out for its size, its modern architecture, its unique design, sound colors and exotic woods.
It consists of 396 apartments of typologies T0, T1, T2 and T2 Duplex spread over 8 floors.
It has reception, games room, bar, pool bar, restaurants, pool snack bar, meeting room, outdoor pool, heated indoor pool, jacuzzi, 2 tennis courts, football, basketball and volleyball court, mini golf, convenience store, hairdresser, wine cellar and outdoor car park.
Located on the 2nd Floor with North orientation.
The apartment consists of entrance hall, 1 bedroom with generous areas and built-in wardrobe, living room, kitchenette equipped with ceramic hob, oven, extractor fan, smoke extractor and fridge, bathroom and balcony.
In terms of equipment, air conditioning, satellite TV, piped music, telephone, safe and fire detector stand out.
As the Hotel Paraíso de Albufeira is a tourist development and whose apartments are intended for tourist accommodation, they must be operated by the company that manages the Hotel. If the apartment is out of operation, you can only use it for your own use, you cannot rent it and you have to pay a fee called periodic instalment, which has a monthly value of 130.
Condominium fee: 648 per year.
Don't miss this opportunity and contact us for a visit.
Our company assists in all sectors such as how to obtain the best exchange rates, account opening and documentation related to bank loans, carrying out improvement works, etc.
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Currency Exchange
Albufeira, Faro, Portugal, 8200-161
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 €139,000 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 |
|---|---|---|---|
| €139,000 | £115,631 | £119,626 | £3,995 |
| Property Price € | €139,000 |
| Minimum cost in the last six months | £115,631 |
| Maximum cost in the last six months | £119,626 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £3,995 |
Albufeira, Faro, Portugal, 8200-161
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 €139,000 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 |
|---|---|---|---|
| €139,000 | £115,631 | £119,626 | £3,995 |
| Property Price € | €139,000 |
| Minimum cost in the last six months | £115,631 |
| Maximum cost in the last six months | £119,626 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £3,995 |
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 £3,995 more.
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