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2 bedroom apartment on the beachfront in Monte Gordo
Vila Real de Santo António, Faro, Portugal, 8900-413
REF: 894348
€295,000
Description
This 2 bedroom apartment, with a useful area of 102m , is located on the prestigious beachfront of Monte Gordo, offering expansive sea views and an incomparable coastal lifestyle. With two spacious bedrooms with built-in wardrobes and two bathrooms, the property offers a functional layout, ideal for both permanent living and holidays. The two balconies allow you to enjoy the outdoor space, whether for relaxing or dining al fresco, whilst enjoying the sea breeze. Monte Gordo is known for its peaceful and welcoming atmosphere, with a wide range of restaurants serving excellent local cuisine, including fresh fish and seafood dishes. The area is also well served by commerce and services, with shops, cafes and supermarkets within walking distance. This apartment also presents an excellent investment opportunity, due to its privileged location and the growing demand for local and seasonal accommodation in the region. Monte Gordo is an area highly sought after by tourists, both national and international, which makes this property an attractive option for profitability through short-term rentals, with great potential for return during the summer months and a consistent income throughout the year. .
This 2 bedroom apartment, with a useful area of 102m , is located on the prestigious beachfront of Monte Gordo, offering expansive sea views and an incomparable coastal lifestyle. With two spacious bedrooms with built-in wardrobes and two bathrooms, the property offers a functional layout, ideal for both permanent living and holidays. The two balconies allow you to enjoy the outdoor space, whether for relaxing or dining al fresco, whilst enjoying the sea breeze. Monte Gordo is known for its peaceful and welcoming atmosphere, with a wide range of restaurants serving excellent local cuisine, including fresh fish and seafood dishes. The area is also well served by commerce and services, with shops, cafes and supermarkets within walking distance. This apartment also presents an excellent investment opportunity, due to its privileged location and the growing demand for local and seasonal accommodation in the region. Monte Gordo is an area highly sought after by tourists, both national and international, which makes this property an attractive option for profitability through short-term rentals, with great potential for return during the summer months and a consistent income throughout the year. .
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Currency Exchange
Vila Real de Santo António, Faro, Portugal, 8900-413
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 €295,000 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 |
|---|---|---|---|
| €295,000 | £244,351 | £253,538 | £9,186 |
| Property Price € | €295,000 |
| Minimum cost in the last six months | £244,351 |
| Maximum cost in the last six months | £253,538 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £9,186 |
Vila Real de Santo António, Faro, Portugal, 8900-413
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 €295,000 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 |
|---|---|---|---|
| €295,000 | £244,351 | £253,538 | £9,186 |
| Property Price € | €295,000 |
| Minimum cost in the last six months | £244,351 |
| Maximum cost in the last six months | £253,538 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £9,186 |
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 £9,186 more.
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