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Magnificent new flat located in Vila Real de Santo António, right in the city centre
Vila Real de Santo António, Faro, Portugal
REF: 896095
€220,000
Description
Magnificent new flat located in Vila Real de Santo António, right in the city centre. This property consists, 1 bedroom interior, 1 living room/kitchen that will be equipped with appliances of the brand MLL or MLR, toilet with toilet, bidet and washbasin suspended, pre installation of air conditioning, electric shutters and window frames in aluminum with thermal cut. This fraction has solar orientation East and balcony with 4sqm. Building still to be started, but with completion by September 2025. Contact us, for better information about the fractions, we will be happy to inform you of all your questions. virtual tour for illustrative purposes only Payment terms: 25% on CPCV 25% on completion of the structure and masonry (June/July) 50% on deed
Magnificent new flat located in Vila Real de Santo António, right in the city centre. This property consists, 1 bedroom interior, 1 living room/kitchen that will be equipped with appliances of the brand MLL or MLR, toilet with toilet, bidet and washbasin suspended, pre installation of air conditioning, electric shutters and window frames in aluminum with thermal cut. This fraction has solar orientation East and balcony with 4sqm. Building still to be started, but with completion by September 2025. Contact us, for better information about the fractions, we will be happy to inform you of all your questions. virtual tour for illustrative purposes only Payment terms: 25% on CPCV 25% on completion of the structure and masonry (June/July) 50% on deed
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Currency Exchange
Vila Real de Santo António, 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 €220,000 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 |
|---|---|---|---|
| €220,000 | £182,228 | £189,079 | £6,851 |
| Property Price € | €220,000 |
| Minimum cost in the last six months | £182,228 |
| Maximum cost in the last six months | £189,079 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £6,851 |
Vila Real de Santo António, 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 €220,000 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 |
|---|---|---|---|
| €220,000 | £182,228 | £189,079 | £6,851 |
| Property Price € | €220,000 |
| Minimum cost in the last six months | £182,228 |
| Maximum cost in the last six months | £189,079 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £6,851 |
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 £6,851 more.
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