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Welcome to the home of your dreams in the heart of the capital of the Algarve (Faro), where luxury meets stunning landscapes in this exquisite apartment
Faro, Faro, Portugal
REF: 884734
€1,495,000
Description
Welcome to the home of your dreams in the heart of the capital of the Algarve (Faro), where luxury meets stunning landscapes in this exquisite apartment. This magnificent apartment is located in the Ikonik condominium, which stands out for its refinement and sophistication. It is one of the most luxurious buildings in the city of Faro. The apartment with huge terraces, offers unparalleled views over the serene Ria Formosa, providing an idyllic sanctuary for those seeking tranquility and sophistication. Upon entering this stunning apartment, you are welcomed by an entrance hall with mirrored closet, open-plan kitchen and living room, and a guest bathroom. The living room, flooded with lots of natural light, offers the same spectacular view, creating a perfect space for relaxation and entertaining. The kitchen offers functionality and style while you enjoy the beautiful scenery. The living room has a magnificent terrace with stunning views of the Ria Formosa, where the landscape provides a wonderful sunset. This intimate outdoor space is perfect for alfresco dining or simply savoring the beautiful, captivating views that inspire the most attentive painter. Next are two bedrooms and a bathroom with shower. Separated from the rest of the house, there are three more suites. The large master bedroom is a true retreat, with a walk-in closet, private bathroom with shower and a bathtub. This private outdoor space offers a peaceful retreat with views that inspire relaxation. The other two bedrooms are both en suite with a bathroom with shower. In this apartment, luxury and comfort mix perfectly, making it an irresistible place. The apartment can be sold furnished for €1,795,000.00 Additional Features! Air conditioning in all rooms Radiators Underfloor heating 3 deposits in the apartment 1 storage room 3 parking spaces Common garden in the building #ref: 126952
Welcome to the home of your dreams in the heart of the capital of the Algarve (Faro), where luxury meets stunning landscapes in this exquisite apartment. This magnificent apartment is located in the Ikonik condominium, which stands out for its refinement and sophistication. It is one of the most luxurious buildings in the city of Faro. The apartment with huge terraces, offers unparalleled views over the serene Ria Formosa, providing an idyllic sanctuary for those seeking tranquility and sophistication. Upon entering this stunning apartment, you are welcomed by an entrance hall with mirrored closet, open-plan kitchen and living room, and a guest bathroom. The living room, flooded with lots of natural light, offers the same spectacular view, creating a perfect space for relaxation and entertaining. The kitchen offers functionality and style while you enjoy the beautiful scenery. The living room has a magnificent terrace with stunning views of the Ria Formosa, where the landscape provides a wonderful sunset. This intimate outdoor space is perfect for alfresco dining or simply savoring the beautiful, captivating views that inspire the most attentive painter. Next are two bedrooms and a bathroom with shower. Separated from the rest of the house, there are three more suites. The large master bedroom is a true retreat, with a walk-in closet, private bathroom with shower and a bathtub. This private outdoor space offers a peaceful retreat with views that inspire relaxation. The other two bedrooms are both en suite with a bathroom with shower. In this apartment, luxury and comfort mix perfectly, making it an irresistible place. The apartment can be sold furnished for €1,795,000.00 Additional Features! Air conditioning in all rooms Radiators Underfloor heating 3 deposits in the apartment 1 storage room 3 parking spaces Common garden in the building #ref: 126952
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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 €1,495,000 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 |
|---|---|---|---|
| €1,495,000 | £1,243,661 | £1,286,627 | £42,966 |
| Property Price € | €1,495,000 |
| Minimum cost in the last six months | £1,243,661 |
| Maximum cost in the last six months | £1,286,627 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £42,966 |
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 €1,495,000 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 |
|---|---|---|---|
| €1,495,000 | £1,243,661 | £1,286,627 | £42,966 |
| Property Price € | €1,495,000 |
| Minimum cost in the last six months | £1,243,661 |
| Maximum cost in the last six months | £1,286,627 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £42,966 |
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 £42,966 more.
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