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2 bedroom apartment with 100 m2, in a very central area of Quarteira, 2 minutes from the beach and the very famous and stunning Quarteira promenade, where residents and visitors from all over the world pass through
Loulé, Faro, Portugal
REF: 889191
€395,000
Description
2 bedroom apartment with 100 m2, in a very central area of Quarteira, 2 minutes from the beach and the very famous and stunning Quarteira promenade, where residents and visitors from all over the world pass through. This apartment offers you - Entrance hall - Bright living and dining room with balcony - Two bedrooms, one of which is en suite - Two bathrooms. - Two balconies - Fully-equipped kitchen with separate pantry Within a radius of 1 kilometer you have access to: - Banks - CTT-Quarteira - Quarteira promenade 162 m - Quarteira beach 245 m - Pharmacy 534 m - Quarteira Bus Station 276 m - Sports Gym 161 m - Mini Golf 232 m - A wide range of shops with a predominance of restaurants This apartment has a fixed-term urban lease expiring in March 2025. The condominium fee is 545 per year and the IMI fee is 250 per year.
This is an excellent business opportunity due to its central location, whether you want to live there or rent it out, where rents are highly sought after, with a high cost/benefit ratio.
At IAD we can share business with any real estate agent, and we have a concept of virtual showcasing of our properties on more than 200 real estate portals, both nationally and predominantly internationally.
I look forward to hearing from you if you have any questions or if you would like to arrange a visit, either in person or virtually. #ref: 127774
2 bedroom apartment with 100 m2, in a very central area of Quarteira, 2 minutes from the beach and the very famous and stunning Quarteira promenade, where residents and visitors from all over the world pass through. This apartment offers you - Entrance hall - Bright living and dining room with balcony - Two bedrooms, one of which is en suite - Two bathrooms. - Two balconies - Fully-equipped kitchen with separate pantry Within a radius of 1 kilometer you have access to: - Banks - CTT-Quarteira - Quarteira promenade 162 m - Quarteira beach 245 m - Pharmacy 534 m - Quarteira Bus Station 276 m - Sports Gym 161 m - Mini Golf 232 m - A wide range of shops with a predominance of restaurants This apartment has a fixed-term urban lease expiring in March 2025. The condominium fee is 545 per year and the IMI fee is 250 per year.
This is an excellent business opportunity due to its central location, whether you want to live there or rent it out, where rents are highly sought after, with a high cost/benefit ratio.
At IAD we can share business with any real estate agent, and we have a concept of virtual showcasing of our properties on more than 200 real estate portals, both nationally and predominantly internationally.
I look forward to hearing from you if you have any questions or if you would like to arrange a visit, either in person or virtually. #ref: 127774
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Currency Exchange
Loulé, 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 €395,000 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 |
|---|---|---|---|
| €395,000 | £327,182 | £339,483 | £12,300 |
| Property Price € | €395,000 |
| Minimum cost in the last six months | £327,182 |
| Maximum cost in the last six months | £339,483 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £12,300 |
Loulé, 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 €395,000 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 |
|---|---|---|---|
| €395,000 | £327,182 | £339,483 | £12,300 |
| Property Price € | €395,000 |
| Minimum cost in the last six months | £327,182 |
| Maximum cost in the last six months | £339,483 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £12,300 |
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 £12,300 more.
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