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The apartment is comprised by an open plan spacious living and dining area, a fully equipped kitchen with integrated appliances, 2 double bedrooms with fitted wardrobes and 2 bathrooms (1 is en-suite)
Lagos, Algarve, Portugal, 8600-174
REF: 886052
€499,000
Description
The apartment is comprised by an open plan spacious living and dining area, a fully equipped kitchen with integrated appliances, 2 double bedrooms with fitted wardrobes and 2 bathrooms (1 is en-suite).
The living areas open to a large balcony facing south, with plenty of sunlight and space for table and chairs, perfect for an "al fresco" dining with views over the city and the sea!
Further features include: video entry system, inverted cooling and heating conditioning system installed, double glazing, an allocated parking space plus a storage room in the safe underground garage.
This apartment set in a private, yet small condominium and offers a large communal swimming pool.
This apartment is for residential or holiday purposes, but with a great potential as an investment rental property, due to its superb location.
The apartment is comprised by an open plan spacious living and dining area, a fully equipped kitchen with integrated appliances, 2 double bedrooms with fitted wardrobes and 2 bathrooms (1 is en-suite).
The living areas open to a large balcony facing south, with plenty of sunlight and space for table and chairs, perfect for an "al fresco" dining with views over the city and the sea!
Further features include: video entry system, inverted cooling and heating conditioning system installed, double glazing, an allocated parking space plus a storage room in the safe underground garage.
This apartment set in a private, yet small condominium and offers a large communal swimming pool.
This apartment is for residential or holiday purposes, but with a great potential as an investment rental property, due to its superb location.
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Currency Exchange
Lagos, Algarve, Portugal, 8600-174
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 €499,000 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 |
|---|---|---|---|
| €499,000 | £413,327 | £428,866 | £15,539 |
| Property Price € | €499,000 |
| Minimum cost in the last six months | £413,327 |
| Maximum cost in the last six months | £428,866 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £15,539 |
Lagos, Algarve, Portugal, 8600-174
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 €499,000 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 |
|---|---|---|---|
| €499,000 | £413,327 | £428,866 | £15,539 |
| Property Price € | €499,000 |
| Minimum cost in the last six months | £413,327 |
| Maximum cost in the last six months | £428,866 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £15,539 |
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 £15,539 more.
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