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Luxurious Studio for Sale in Porches - Ground Floor
Lagoa, Faro, Portugal
REF: 866923
€315,000
Description
Welcome to Terra, a brand new 5-star luxury development offering 64 exquisitely appointed, fully furnished turn-key apartments. Nestled in the heart of the Algarve, these properties are just a 10-minute walk from breathtaking beaches and the charming town of Armação de Pera, with Faro International Airport only 30 minutes away. Vila Magna provides the perfect balance between a dream holiday home in Portugal and a lucrative rental investment, promising significant rental income and capital appr.. Welcome to Terra, a brand new 5-star luxury development offering 64 exquisitely appointed, fully furnished turn-key apartments. Nestled in the heart of the Algarve, these properties are just a 10-minute walk from breathtaking beaches and the charming town of Armação de Pera, with Faro International Airport only 30 minutes away. Terra provides the perfect balance between a dream holiday home in Portugal and a lucrative rental investment, promising significant rental income and capital appreciation when you're not enjoying your own slice of paradise.
This exclusive eco resort combines unparalleled luxury with sustainability, featuring premium amenities designed to enhance your lifestyle. Residents can relax in separate pools for adults and children, stay active in the sports village equipped with padel tennis, basketball, and football courts, and benefit from a state-of-the-art Photovoltaic Park. The resort also offers a fully equipped gym, modern co-working spaces, and comprehensive services including lobby/concierge assistance and secure parking. Culinary delights await at two themed restaurants and a bar, ensuring every dining experience is memorable.
With only 64 apartments, Terra guarantees an intimate and private community, offering the tranquility and exclusivity you desire. The architecture and eco-friendly practices at Terra create an unforgettable experience, embodying the perfect blend of luxury and environmental consciousness. This development invites you to savor an elevated lifestyle that rejuvenates your senses while supporting a more sustainable approach to living. At Terra, nature and luxury coexist harmoniously, making it a wise investment and an exceptional place to call home.
Welcome to Terra, a brand new 5-star luxury development offering 64 exquisitely appointed, fully furnished turn-key apartments. Nestled in the heart of the Algarve, these properties are just a 10-minute walk from breathtaking beaches and the charming town of Armação de Pera, with Faro International Airport only 30 minutes away. Vila Magna provides the perfect balance between a dream holiday home in Portugal and a lucrative rental investment, promising significant rental income and capital appr.. Welcome to Terra, a brand new 5-star luxury development offering 64 exquisitely appointed, fully furnished turn-key apartments. Nestled in the heart of the Algarve, these properties are just a 10-minute walk from breathtaking beaches and the charming town of Armação de Pera, with Faro International Airport only 30 minutes away. Terra provides the perfect balance between a dream holiday home in Portugal and a lucrative rental investment, promising significant rental income and capital appreciation when you're not enjoying your own slice of paradise.
This exclusive eco resort combines unparalleled luxury with sustainability, featuring premium amenities designed to enhance your lifestyle. Residents can relax in separate pools for adults and children, stay active in the sports village equipped with padel tennis, basketball, and football courts, and benefit from a state-of-the-art Photovoltaic Park. The resort also offers a fully equipped gym, modern co-working spaces, and comprehensive services including lobby/concierge assistance and secure parking. Culinary delights await at two themed restaurants and a bar, ensuring every dining experience is memorable.
With only 64 apartments, Terra guarantees an intimate and private community, offering the tranquility and exclusivity you desire. The architecture and eco-friendly practices at Terra create an unforgettable experience, embodying the perfect blend of luxury and environmental consciousness. This development invites you to savor an elevated lifestyle that rejuvenates your senses while supporting a more sustainable approach to living. At Terra, nature and luxury coexist harmoniously, making it a wise investment and an exceptional place to call home.
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Currency Exchange
Lagoa, 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 €315,000 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 |
|---|---|---|---|
| €315,000 | £264,386 | £271,706 | £7,321 |
| Property Price € | €315,000 |
| Minimum cost in the last six months | £264,386 |
| Maximum cost in the last six months | £271,706 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £7,321 |
Lagoa, 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 €315,000 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 |
|---|---|---|---|
| €315,000 | £264,386 | £271,706 | £7,321 |
| Property Price € | €315,000 |
| Minimum cost in the last six months | £264,386 |
| Maximum cost in the last six months | £271,706 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £7,321 |
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 £7,321 more.
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