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Penthouse of the building with leisure area, two communal swimming pools, one of which is heated, from which you delight an open panoramic view over the Ria Formosa
Olhão, Faro, Portugal
REF: 895727
€720,000
Description
Penthouse of the building with leisure area, two communal swimming pools, one of which is heated, from which you delight an open panoramic view over the Ria Formosa. Live a different experience in an Undiscovered Algarve. The result of a bet on a more authentic Algarve, where contact with nature, natural landscapes, tours in the Ria Formosa and the discoveries of paradisiacal beaches are just some of our suggestions for living an experience in full. At your disposal you will find 83 luxury apartments with 24-hour permanent security, where comfort is combined with the refinement and wonderful scenery that allows you to enjoy. Fully equipped apartments, all with garage and storage, distributed by various typologies that suit different needs and moments. Being located in the centre of the Algarve allows you to be within walking distance of the best places, golf clubs, restaurants and the best events in the Algarve. This development is inserted in the landscape of one of the 7 natural wonders of Portugal.
Penthouse of the building with leisure area, two communal swimming pools, one of which is heated, from which you delight an open panoramic view over the Ria Formosa. Live a different experience in an Undiscovered Algarve. The result of a bet on a more authentic Algarve, where contact with nature, natural landscapes, tours in the Ria Formosa and the discoveries of paradisiacal beaches are just some of our suggestions for living an experience in full. At your disposal you will find 83 luxury apartments with 24-hour permanent security, where comfort is combined with the refinement and wonderful scenery that allows you to enjoy. Fully equipped apartments, all with garage and storage, distributed by various typologies that suit different needs and moments. Being located in the centre of the Algarve allows you to be within walking distance of the best places, golf clubs, restaurants and the best events in the Algarve. This development is inserted in the landscape of one of the 7 natural wonders of Portugal.
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Currency Exchange
Olhão, 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 €720,000 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 |
|---|---|---|---|
| €720,000 | £596,383 | £618,804 | £22,421 |
| Property Price € | €720,000 |
| Minimum cost in the last six months | £596,383 |
| Maximum cost in the last six months | £618,804 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £22,421 |
Olhão, 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 €720,000 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 |
|---|---|---|---|
| €720,000 | £596,383 | £618,804 | £22,421 |
| Property Price € | €720,000 |
| Minimum cost in the last six months | £596,383 |
| Maximum cost in the last six months | £618,804 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £22,421 |
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 £22,421 more.
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