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Exclusive 2-Bedroom Apartment for Sale in Praia de Faro This is the only apartment on its floor, offering unmatched privacy and breathtaking views of one of Portugal's most beautiful natural landscapes – the Ria Formosa – and the sea
Faro, Faro, Portugal
REF: 872454
€495,000
Description
Exclusive 2-Bedroom Apartment for Sale in Praia de Faro This is the only apartment on its floor, offering unmatched privacy and breathtaking views of one of Portugal's most beautiful natural landscapes – the Ria Formosa – and the sea. The apartment has recently undergone renovations, including updates to the plumbing, electrical systems, and the kitchen, ensuring a modern and comfortable living environment. It is equipped with high-quality double-glazed windows, providing excellent sound and thermal insulation. Enjoy unique moments on your private balcony or the shared terrace and patio, perfect for relaxing or grilling while taking in the stunning sea views. Additionally, the building has a parking lot right in front, making access easy, and is surrounded by restaurants and supermarkets, offering complete convenience in your daily life. Fully legalized, this apartment is a unique opportunity to live in one of the most exclusive areas of the Algarve. Don’t miss the chance to secure your seaside retreat! For more information or to schedule a visit, please contact us. #ref: 125456
Exclusive 2-Bedroom Apartment for Sale in Praia de Faro This is the only apartment on its floor, offering unmatched privacy and breathtaking views of one of Portugal's most beautiful natural landscapes – the Ria Formosa – and the sea. The apartment has recently undergone renovations, including updates to the plumbing, electrical systems, and the kitchen, ensuring a modern and comfortable living environment. It is equipped with high-quality double-glazed windows, providing excellent sound and thermal insulation. Enjoy unique moments on your private balcony or the shared terrace and patio, perfect for relaxing or grilling while taking in the stunning sea views. Additionally, the building has a parking lot right in front, making access easy, and is surrounded by restaurants and supermarkets, offering complete convenience in your daily life. Fully legalized, this apartment is a unique opportunity to live in one of the most exclusive areas of the Algarve. Don’t miss the chance to secure your seaside retreat! For more information or to schedule a visit, please contact us. #ref: 125456
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Currency Exchange
Faro, 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 €495,000 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 |
|---|---|---|---|
| €495,000 | £410,013 | £425,428 | £15,414 |
| Property Price € | €495,000 |
| Minimum cost in the last six months | £410,013 |
| Maximum cost in the last six months | £425,428 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £15,414 |
Faro, 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 €495,000 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 |
|---|---|---|---|
| €495,000 | £410,013 | £425,428 | £15,414 |
| Property Price € | €495,000 |
| Minimum cost in the last six months | £410,013 |
| Maximum cost in the last six months | £425,428 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £15,414 |
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 £15,414 more.
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