In a residential area surrounding the city of Faro, named Patacão, we find a new project to build a private condominium

Faro, Portugal

For Sale

€360,000

REF: 876827 €360,000


3

3


2024

Description

In a residential area surrounding the city of Faro, named Patacão, we find a new project to build a private condominium. It is a 5-storey building with a total of 9 apartments. The construction is modern, combining comfort with the necessary practicality. This three-bedroom apartment consists of two large suites with built-in closets in all bedrooms, a service bathroom, a compact kitchen fully equipped with high-quality appliances, which connects in an open space with the living and dining room.

The living area has direct access to the large terrace, which in turn leads to the beautiful garden. The apartment has large, floor-to-ceiling windows, making the space welcoming and full of natural light. The apartment is equipped with a video intercom, floating floors in the bedrooms and living room, and ceramic floors in the bathrooms and kitchen.

The apartment also has a small pantry, a barbecue, a parking space in the garage and a storage room. At the top of the building is a large rooftop with a heated swimming pool and jacuzzi, to enjoy the view while taking in the mild Algarve climate. Designed to be ecologically sustainable, the building has solar panels that power the hot water, the exterior lighting on the balconies, the pool, the jacuzzi, the elevator, the garage and the garden, making it possible to save money for the owners and make sustainable use of resources.

With an excellent location, it has easy access to services and amenities, and is just 4 km from the Faro Public Hospital, 3 km from the Private Hospital in Gambelas, 9 km from Faro Island, 5 km from the International Airport and 4 km from the Forum Algarve Shopping. Faro, being the capital of the Algarve, is a city full of charm and history, a good choice for living, as it offers quality of life with a diversity of services and cultural and leisure activities.

The city is embraced by a 19 km-long dune belt, which is interrupted by links between the sea and the Ria Formosa, forming 3 islands, an excellent place to enjoy very pleasant days in contact with nature. CHARACTERISTICS:Area: 100 m2 | 1 080 sq ftBedrooms: 3Bathrooms: 3Garage: 1Energy efficiency: Certification in progressFEATURES:3 bedrooms Equipped kitchen Terrace Garden Garage Rooftop Swimming pool Jacuzzi Barbecue Internationally awarded, LUXIMOS Christie's presents more than 1,200 properties for sale in Portugal, offering an excellent service in real estate brokerage.

LUXIMOS Christie's is the exclusive affiliate of Christie s International Real Estate (1350 offices in 46 countries) for the Algarve, Porto and North of Portugal, and provides its services to homeowners who are selling their properties, and to national and international buyers, who wish to buy real estate in Portugal.

Our selection includes modern and contemporary properties, near the sea or by theriver, in Foz do Douro, in Porto, Boavista, Matosinhos, Vilamoura, Tavira, Ria Formosa, Lagos, Almancil, Vale do Lobo, Quinta do Lago, near the golf courses or the marina. LIc AMI 9063
In a residential area surrounding the city of Faro, named Patacão, we find a new project to build a private condominium. It is a 5-storey building with a total of 9 apartments. The construction is modern, combining comfort with the necessary practicality. This three-bedroom apartment consists of two large suites with built-in closets in all bedrooms, a service bathroom, a compact kitchen fully equipped with high-quality appliances, which connects in an open space with the living and dining room.

The living area has direct access to the large terrace, which in turn leads to the beautiful garden. The apartment has large, floor-to-ceiling windows, making the space welcoming and full of natural light. The apartment is equipped with a video intercom, floating floors in the bedrooms and living room, and ceramic floors in the bathrooms and kitchen.

The apartment also has a small pantry, a barbecue, a parking space in the garage and a storage room. At the top of the building is a large rooftop with a heated swimming pool and jacuzzi, to enjoy the view while taking in the mild Algarve climate. Designed to be ecologically sustainable, the building has solar panels that power the hot water, the exterior lighting on the balconies, the pool, the jacuzzi, the elevator, the garage and the garden, making it possible to save money for the owners and make sustainable use of resources.

With an excellent location, it has easy access to services and amenities, and is just 4 km from the Faro Public Hospital, 3 km from the Private Hospital in Gambelas, 9 km from Faro Island, 5 km from the International Airport and 4 km from the Forum Algarve Shopping. Faro, being the capital of the Algarve, is a city full of charm and history, a good choice for living, as it offers quality of life with a diversity of services and cultural and leisure activities.

The city is embraced by a 19 km-long dune belt, which is interrupted by links between the sea and the Ria Formosa, forming 3 islands, an excellent place to enjoy very pleasant days in contact with nature. CHARACTERISTICS:Area: 100 m2 | 1 080 sq ftBedrooms: 3Bathrooms: 3Garage: 1Energy efficiency: Certification in progressFEATURES:3 bedrooms Equipped kitchen Terrace Garden Garage Rooftop Swimming pool Jacuzzi Barbecue Internationally awarded, LUXIMOS Christie's presents more than 1,200 properties for sale in Portugal, offering an excellent service in real estate brokerage.

LUXIMOS Christie's is the exclusive affiliate of Christie s International Real Estate (1350 offices in 46 countries) for the Algarve, Porto and North of Portugal, and provides its services to homeowners who are selling their properties, and to national and international buyers, who wish to buy real estate in Portugal.

Our selection includes modern and contemporary properties, near the sea or by theriver, in Foz do Douro, in Porto, Boavista, Matosinhos, Vilamoura, Tavira, Ria Formosa, Lagos, Almancil, Vale do Lobo, Quinta do Lago, near the golf courses or the marina. LIc AMI 9063
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Property on Map

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Currency Exchange

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 €360,000 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
€360,000 £298,192 £309,402 £11,210
Property Price € €360,000
Minimum cost in the last six months £298,192
Maximum cost in the last six months £309,402
Fluctuating exchange rates over the last six months could have increased the cost of this property by £11,210

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 €360,000 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
€360,000 £298,192 £309,402 £11,210
Property Price € €360,000
Minimum cost in the last six months £298,192
Maximum cost in the last six months £309,402
Fluctuating exchange rates over the last six months could have increased the cost of this property by £11,210

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 £11,210 more.

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